February 14, 2022
Global Brain has invested in FloodFlash, the parametric insurance technology company that pays catastrophic flood claims within 48 hours
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
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