Floodbase and Oneglobal have announced plans to develop and distribute parametric flood insurance solutions across Asia.

Floodbase and Oneglobal are partnering to close the flood insurance gap with cutting-edge parametric flood insurance solutions. Connected through Lloyd’s Lab, the two organizations recognized a massive opportunity to marry Floodbase’s unmatched historical and near real-time flood data with Oneglobal’s re/insurance expertise, leading market presence, and reputation for innovation.

The strategic partnership means that Oneglobal will have a first mover advantage to utilize Floodbase’s flood data and technology, and together they will build programs that offer innovative solutions to natural catastrophe risk exposures impacted by flood across Asia.