Oneglobal And Floodbase Partner To Develop Parametric Flood Insurance Programs Across Asia

April 2, 2024

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.