Capella Space and Floodbase unite for improved flood insurance.

January 29, 2024
1 min read

This article discusses a partnership between Floodbase and Capella Space Corp to enhance parametric flood insurance. The collaboration will integrate Capella Space’s all-weather synthetic aperture radar (SAR) data into Floodbase’s parametric flood solution, providing high-resolution flooding information regardless of cloud cover. This aims to address the increasing flood risk due to climate change and improve the accuracy of flood insurance products. Floodbase is a leading data provider and reporting agent for re/insurers and humanitarian organizations, while Capella Space is an American space tech firm. The partnership aims to create a superior parametric flood insurance solution by combining Floodbase’s expertise with Capella’s SAR imagery.

Latest from Blog

Your Daily InsurTech Briefing – 2024-09-24

Let’s see what’s in the news today. Insurers grapple with AI ethics and regulation USAA, MMG Insurance and Munich Re executives spoke about these insurers’ efforts to model risk and use data

Genius.AI teams up with ClickBank for AI digital marketing!

TLDR: Genius.AI partners with ClickBank to revolutionize digital marketing with AI-powered solutions. The collaboration introduces cutting-edge AI technology to ClickBank’s affiliate network, simplifying processes for new and experienced users. Genius.AI, a leader