Floodbase is a technology company that specializes in providing flood data and analytics to the insurance industry and humanitarian organizations. It operates a platform that monitors global flooding in real time, utilizing satellite imagery from up to 15 satellites to detect water levels and provide critical data for parametric and traditional flood insurance products. Floodbase partners with major re/insurers like Swiss Re, Liberty Mutual Re, and AXA Climate, and also collaborates with organizations like the UN World Food Programme to improve flood disaster response. The company's services help bridge the flood protection gap by enabling a new category of flood insurance and providing rapid financial support to flood-vulnerable communities.
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Capella Space partnered with Floodbase to provide high-resolution SAR satellite data to Floodbase’s end-to-end solution for parametric flood insurance.