FloodFlash insurance startup raises £1.9M via LocalGlobe, Pentech Ventures, InsurTech Gateway

The flood underinsurance problem is arguably the largest unsolved problem in insurance. Over the last ten years, an average of $41bn per year of flood damage has gone uncovered by insurance, leaving people, businesses and governments to pay the bill. It’s estimated that there are $50bn of losses caused by floods around the world. Currently, […] https://ift.tt/2Odci5I Mike Butcher August 06, 2018 at 12:02PM