Global Brain has made investments in FloodFlash, the parametric insurance technology company that pays catastrophic flood claims within 48 hours, through SFV・GB L.P. (SFV・GB).

80% of the world’s catastrophic flood losses are not insured. That is $58 billion of uncovered damage, and it is getting bigger each year because of climate change, population growth and urbanization. FloodFlash is an insurance technology company that provides unique coverage combining computer models, cloud software and internet-of-things sensors into flood cover that protects those the insurance industry has left behind. Since launching in 2019, FloodFlash has established a track record for combatting extreme weather losses.

Global Brain has decided to invest in FloodFlash, as it sees huge potential and needs in FloodFlash’s parametric insurance approach for catastrophes and is impressed by FloodFlash’s strong management team. Global Brain will continue leveraging its resources to support FloodFlash by assisting its penetration into the Asian market, including, but not limited to, building partnership/alliances with its potential clients.

About FloodFlash

Location
London, U.K.
CEO
Adam Rimmer
URL
https://floodflash.co/

About SFV・GB

Name
SFV・GB L.P.
General Partner
Global Brain Corporation
Fund Size
JPY 5 billion

About Global Brain

Location
Tokyo, Japan
Representative
Yasuhiko Yurimoto
Founded
January 1998
URL
https://globalbrains.com/