FloodFlash is an insurance technology company based in London, UK, founded in 2017. It specializes in parametric flood insurance, utilizing advanced technologies like computer models, cloud software, and IoT sensors to provide flexible coverage options. The company aims to enhance recovery from flooding by offering rapid payout solutions. FloodFlash's unique insurance model pays out a fixed sum when a predefined level of flooding occurs, streamlining the claims process. This approach allows policyholders to receive payments quickly, without the need for extensive damage assessments. The services cater to both residential and commercial clients, including landlords and businesses at higher risk of flooding. The use of IoT sensors enables real-time monitoring of water levels, ensuring timely payouts when necessary. With a total funding of $20.39 million, FloodFlash operates in the climate tech and insurtech sectors, focusing on sustainable development and climate adaptation. The company is recognized as a leader in the parametric flood insurance market, addressing the needs of clients facing flood risks.