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.

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