Neptune Flood, a private flood insurance provider in the US, has reached a major milestone, announcing that it has surpassed 300,000 policies in force and $400 million in premiums in force.
This achievement marks a significant step towards expanding private flood insurance access and strengthening the resilience of communities across the US.
Neptune’s continued growth reflects rising demand for modern, technology-enabled flood protection over traditional coverage.
By simplifying the buying process and providing fast, reliable protection, Neptune is helping to close the flood insurance gap for more Americans, the firm highlighted.
“Surpassing 300,000 policies and $400 million in premium in force is an important milestone, not just for Neptune, but for the broader evolution of the flood insurance market,” said Trevor Burgess, Chairman and CEO of Neptune Flood. “It demonstrates that private flood insurance is scaling in a meaningful way and playing a critical role in protecting more properties nationwide. As flood risk continues to grow, expanding the insured base is essential to building a more resilient future.”
Neptune’s platform is built to scale, combining AI-native underwriting with a fully digital quoting experience that delivers instant decisions and continuous risk evaluation.
Powered by Triton®, Neptune’s underwriting system, the company is able to translate complex flood risk into fast, actionable insights while maintaining strong underwriting discipline.
Neptune’s platform adoption is accelerating, with over 45,000 agents actively using it. By providing real-time data, sales tools, and guidance, Neptune is changing flood risk assessment and communication, enabling property owners to make informed, proactive coverage decisions.
“We’re incredibly grateful to the more than 45,000 agents who trust Neptune to serve their customers every day,” said Jean-Luc Eckstein, Chief Customer Officer of Neptune Flood. “Their expertise, relationships, and commitment to helping customers understand and prepare for flood risk are at the heart of our growth. We’re proud to partner with them by delivering the tools, speed, and insights they need to protect more households and businesses across the country.”
Neptune’s growth also reflects the growing contribution of the private market in complementing the National Flood Insurance Program (NFIP).
On the topic of privatising flood risk, which would benefit Neptune, we reported earlier that the Federal Emergency Management Agency (FEMA) Review Council sent their final report and recommendations to the President yesterday, highlighting the importance that more private market participation is critical in US flood insurance.
By offering flexible coverage options and competitive pricing, private insurers are increasing nationwide participation in flood coverage, helping to shrink the protection gap.
