4min chapter

InsTech - insurance & innovation with Matthew Grant cover image

Peter Lacovara: Head of Commercial, Floodbase: Making parametric flood insurance possible (252)

InsTech - insurance & innovation with Matthew Grant

CHAPTER

Henry's Flood Base: A Data Company or an MGA?

Flood base is not an MGA, but provides data to insurance companies. The company has the world's largest database of satellite flood maps. It uses a machine learning algorithm that takes data directly from satellites and parses out what in a given satellite image is water versus not water. In our case, we are extremely accurate when you have a large body of data to train the model on.

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