Neptune Flood, an insurtech firm focused on the flood market, has surpassed $20 billion in total insured property value, the company has confirmed.
Trevor Burgess, CEO of Neptune Flood noted that the insurtech managed to reach this milestone in under four years since launching.
With over 70,000 clients and 6,000 active insurance agents, Neptune offers residential, commercial and RCBAP flood insurance products nationwide.
“The desire of homeowners, business owners and insurance agents for digital flood insurance solutions is driving Neptune’s substantial growth,” said Burgess.
“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. 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.”
Last year, Neptune Flood completed its nationwide rollout of all residential, commercial and RCBAP flood insurance products after expanding into the five remaining US states of Montana, South Dakota, Utah, Vermont, Wyoming, and Washington, DC.
And earlier this year, the company launched its latest capacity program sponsored by Transverse Insurance Group and backed by a panel of global reinsurers, which was placed through Acrisure Re.