FloodFlash’s parametric coverage ensures rapid payouts to UK clients after floods
- July 21, 2025
- Posted by: Beth Musselwhite
- Category: Insurance
FloodFlash’s UK clients with parametric coverage have been promptly notified that their claims are in progress following recent rainfall-related floods, ensuring a seamless claims process.
Clients benefit from FloodFlash’s accurate flood readings during events and the rapid processing of claims once coverage is triggered.
In a recent LinkedIn post, Ian Bartholomew, Co-founder and Chief Underwriting Officer at FloodFlash, shared an image of data recorded overnight on September 24, 2024, by one of its UK sensors.
He noted, “It takes a measurement every 5 minutes and sends data to our cloud platform at regular intervals. This claim has already been paid. Not quite our record time of 3 hours and 50 minutes, but pretty close!
“All the clients that have flooded in the last few days have already been notified that their claims are underway – without a single form, phone call or email.”
The sensor providing this data is the first of its kind, specifically designed for parametric insurance. It allows FloodFlash and its partners to quickly assess actual losses within days of a flood.
Additionally, it is more cost-effective than traditional alternatives. Increasingly, clients utilise a network of sensors to measure triggers across larger areas, making it an excellent solution for municipalities or property portfolio clients.
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