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FloodFlash make headlines with record-breaking claims payment

12/03/2020
Storm Ciara and Storm Dennis claims payment breaks speed records
07/03/2020
FloodFlash COVID-19 operations update
25/03/2020

Storm Ciara and Storm Dennis flood insurance claims paid within a single day

FloodFlash commercial flood insurance features in the national press

Paying claims in a single day is a pretty big deal in the insurance world. An exclusive story appearing in The Telegraph picked up on that fact. They reported that a “start-up helps flood-hit firms with quick as a flash payouts” calling FloodFlash “a stark contrast to traditional insurers”.

It wasn’t just the newspapers that picked up on the power of parametric cover. BBC Look North interviewed FloodFlash customer Phil O’Farrell and our very own Brent Jackson. Here they are explaining a little bit more about how FloodFlash helped commercial customers after flooding in Hebden Bridge:

FloodFlash rapid-payouts in the insurance press

It wasn’t just the nationals that were talking about FloodFlash. The insurance press also commented on our rapid-payouts. The article in Artemis.bm titled, “Parametric FloodFlash pays out a day after storm Ciara. Another glimpse of the future?” showed how parametric insurance is coming ever more into the foreground.

This is the fastest payout by a parametric insurance product that I’ve ever seen from a true catastrophe event to-date, for which FloodFlash’s team and founders deserve all the credit

Steve Evans, Artemis.BM

The Insurance Post asked whether parametric cover is ‘The Next Big Thing’ and Insurance Business Mag UK also questioned whether this was the future of flood insurance in their article: “Is the tide turning when it comes to flood insurance?” Intelligent Insurer, Reinsurance News, and Daily Fintech all got in on the action too.

 FloodFlash has proven event-based parametric flood cover to be an effective option for property owners in the UK

Pat Kelahan, Daily Fintech

The final word on Storm Ciara and Storm Dennis Claims

It’s great having newspapers, the BBC and the insurance press talking about FloodFlash, but the best reviews we’ve seen are from our customers. Here they are talking about what the rapid-payouts meant to them…