AWS Startups Blog

Tag: FinTech

FloodFlash: How Tech-enabled Flood Insurers are Building More Resilient Businesses

Annual losses from UK flooding are estimated to be in the region of £500 million, with huge amounts of uninsured loss every year. “Parametric” or “event-based” insurance is one potential solution to this insurance gap. Using affordable IoT technology and platforms like AWS, FloodFlash is the first company to offer parametric flood insurance to small businesses.