Flood Risk & Rising Losses

Flood risk is expanding well beyond traditional FEMA-designated zones, with losses surging in previously low-risk areas and private flood insurance growing as an alternative to NFIP.

Analysis:

Private flood insurance is one of the fastest-growing insurance segments. Startups building better flood risk models, private flood products, and technology to distribute flood coverage beyond NFIP have a clear and large market. FEMA maps are outdated, creating a data advantage for tech-enabled players.