Neptune appointed as Palomar’s exclusive MGA for flood insurance

Specialty property insurer Palomar Holdings, Inc. has announced a strategic partnership with Neptune Flood, a private flood insurance provider, to accelerate growth in the US flood insurance market.

As part of the collaboration, Neptune will become Palomar’s exclusive managing general agent (MGA) for flood insurance.

Palomar will gain access to Neptune’s AI-powered technology, which leverages data science and machine learning.

The partnership enables both companies to offer a technology-driven alternative to the National Flood Insurance Program, making flood coverage more accessible nationwide.

Jon Christianson, President of Palomar, said, “Neptune’s technology and underwriting capabilities make them an ideal partner as we continue to grow in the flood insurance space.

“Together, we are expanding flood insurance availability with a streamlined and scalable solution that delivers strong value to our policyholders and partners.”

“Neptune is excited to add Palomar to our panel of top-tier carriers,” added Trevor Burgess, Chairman and CEO of Neptune Flood. “We look forward to welcoming Palomar’s flood customers to the Neptune platform and to increasing access to flood insurance nationwide.”

Palomar’s agents will benefit from Neptune’s platform, which offers a streamlined quoting and binding experience along with enhanced coverage options.

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