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Insurtech FloodFlash secures further Munich Re investment

November 1, 2021


Munich Re is to provide capacity for the principal business of parametric flood insurtech FloodFlash, which aims to provide rapid-payout flood cover for SMEs and landlords.

This is not the first time these two companies have crossed paths; the global reinsurer provided capacity for FloodFlash’s consultancy service in 2020.

FloodFlash+ saw policies underwritten by a panel of insurers and reinsurers in an effort to allow clients the ability to select multiple sensors for a single site, cover multiple properties in a portfolio under a single policy, or include third party data from river gauges.

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