Insurance & reinsurance
Confirmed event footprints, an early read on losses, and historical data for pricing and model validation. FloodTags confirms where and whether a flood happened from online media, within hours to days, with a confidence score per observation.
Confirmed event footprints, faster and independently
Insurers, reinsurers and brokers need to confirm where and whether a flood happened, get an early read on losses, and draw on historical data for pricing and model validation. Independent validation data is a widely recognised, persistent gap: flood-extent outputs still vary significantly between suppliers, both model-based and EO-based, and media-derived validation has historically been gathered by hand by small teams.
Media is where independent, on-the-ground reports of a flood show up. FloodTags collects, classifies and geolocates that media automatically, making it a fast, reliable and operational source of validation and event data.
How it's used
Event footprint validation
Confirm where and whether a flood happened and verify its footprint, locations and severity, within hours to days, with a confidence score per observation, and flag real events that other sources miss entirely.
Early loss estimation
Get an early read on impact as the event unfolds, using FloodTags’ low, medium and high severity classification to support a first loss estimate before formal claims and field assessments start to arrive.
Validate models and triggers
Alongside a flood model or parametric trigger, confirm a modelled flood where media also report it, and surface the real floods the model missed, catching both false positives and false negatives in your own outputs.
Past-event data for analytics
Draw on historical event data for a region for exposure, model validation and pricing. FloodTags holds about ten years of history for most of the 13 monitored languages; periods or languages not collected are scoped as Tailored analyses.
One subscription, live or as confirmed event data
For insurance and reinsurance, clients use Operational Mode to work events live and monitor a portfolio, or Reports Mode to receive confirmed event data on a schedule. Reports range from short summaries to detailed overviews of each event. The Flood Presence Report shows where water was reported per area, to validate your flood model or map. Tailored analyses, such as an Event Time-series or manually validated data points, are a separate track on request.
This is our insurance and reinsurance configuration, a ready starting point you can adjust to your preference.
- Real-time tag & event monitoring
- Reports, from summaries to detailed
- Flood Presence Report
- Confidence score
- Data export / feed
- Archive backfill
What it tells you: impacted locations and event times, event classification, failure of protection measures, impact on people and households, and disruptions to logistics and infrastructure.
Confirming flood events for index insurance
For the World Bank’s SEADRIF flood-index insurance across Myanmar, Lao PDR and Cambodia, FloodTags confirmed flood occurrence and severity from online media to support loss estimation, catching false positives and false negatives where satellite imagery was unreliable in urban areas or too slow for flash floods. Confirmation came within hours to days, with a confidence score, and because most events were covered by multiple articles, errors self-corrected and few events were missed.