Bregal Sagemount
11 May 2023
Neptune Flood
175+
THOUSAND
Customers
48
STATES
15+
THOUSAND
Insurance agents
Industry: Financial Services & Technology
Year invested: 2023
Status: Current
Location: USA
Investment Strategy: Flagship
Neptune Flood is an AI-driven insurance company specializing in providing flood insurance solutions for residential and commercial properties.
Launched in 2018 and based in St. Petersburg, Florida, Neptune provides affordable and value-added flood insurance policies to over 150,000 homeowners, renters, and businesses in 48 states and Washington, D.C.
Founded with the goal of changing the way consumers and businesses think about and buy insurance, the Company has disrupted the traditional flood insurance market, offering a digital platform that enables insurance agents and customers to obtain coverage in mere minutes.
Neptune’s proprietary AI platform, Triton, instantly assesses flood risk on a property-by-property basis, allowing the Company to provide an accurate assessment of risk, personalize pricing for customers, and offer competitive premiums.
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