Even in zones where coverage is mandatory, only 25 of homes have flood insurance. More than 90 of the homes at risk have no flood coverage at all. The market has grown, but not as fast as it needs to, he says. “Our platform is always evolving to meet the needs of our customers and our agent network, and we cannot thank them enough for trusting Neptune. All that may be true, but Jim Albert, co-founder and chairman of Neptune Flood Insurance, sees the glass as still half-empty. Oakland, California, United States Founder and CEO Jumpstart Insurance 2015 - Jun 2022 7 years.
Neptune flood insurance series#
"As Neptune continues to grow, … we're constantly updating our product suite,” Chief Customer Officer Jean-Luc Eckstein states in the release. Neptune Flood Insurance Sep 2021 - Present 10 months. Neptunes Podcasts Neptune Flood Neptunes Digital Insurance Leaders Podcast Series A podcast highlighting leading thoughts, ideas, and practices around the use of technology and automation to the benefit of the insurance consumer. states and Washington, D.C., and saw its revenue rise from $1.5 million in 2018 to $7 million the next year. In October 2021, it acquired Jumpstart Insurance Solutions, adding earthquake insurance to its portfolio of technology-based policies. Thanks to our outstanding team, our Triton AI platform has made quoting and binding an insurance policy faster and easier than has ever been possible."Īfter its initial launch in Florida, Neptune Flood quickly expanded to 48 U.S. "We provide a first-class array of insurance products for home and business owners. Thanks to our customers and our agents for helping us hit 100,000 policies," states Burgess, who succeeded Albert as CEO in 2019, in the release. "Neptune has focused on building the best flood insurance company since its launch in 2018. Petersburg-based company, which says it’s the first flood insurance provider powered by artificial intelligence, surpassed the milestone Feb. PETERSBURG - Insurtech startup Neptune Flood, led by former C1 Bank CEO Trevor Burgess, has written more than 100,000 policies since it was founded in 2018 by Jim Albert.Īccording to a news release, the St. We were founded to change the way the consumers and businesses think about and buy flood insurance. Neptune is the NFIP alternative and uses AI driven technology to make it fast and easy to buy flood insurance most often at a price that saves money.ST. Neptune Flood is the largest entirely digital flood insurance company in the United States. Neptune Flood is an online rater where you can quote & bind residential and commercial flood directly online. We are extremely proud to have achieved this major milestone and thankful for the opportunity to help our clients protect their homes and businesses from the increasing risk of flooding.” “The success of Neptune was born out of a demand for comprehensive flood insurance alternatives to the NFIP that were simple and easy to purchase. “The desire of homeowners, business owners and insurance agents for digital flood insurance solutions is driving Neptune’s substantial growth,” said Burgess. With over 70,000 clients and 6,000 active insurance agents, Neptune has quickly risen to become the leading private flood insurer in the US, offering residential, commercial and RCBAP flood insurance products nationwide. PETERSBURG, Fla.,/ - Neptune Flood, the first AI-driven flood insurance company to provide fast, easy and better flood insurance has surpassed $20 Billion in total insured property value in under four years in operation, Trevor Burgess, CEO of Neptune Flood, announced today.
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