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Stock impact report

Insurtech company Floodbase garners $5m investment [Yahoo! Finance]

SWISS RE LTD S/ADR (SSREY) 
Company Research Source: Yahoo! Finance
The capital infusion will enable Floodbase to expedite the development of flood insurance programmes. Since its Series A funding round in 2023, Floodbase has expanded its operations to more than 40 countries, facilitating more than 9,000 flood insurance policies. The platform is said to be a preferred partner for reinsurers such as Swiss Re Corporate Solutions, Liberty Mutual Re and AXA Climate. The Floodbase platform leverages a decade of peer-reviewed science, offering continuous global flood monitoring, the company said. It enables the company to power flood insurance programmes that cater to various industries and geographic locations. Co-founded by Bessie Schwarz and Beth Tellman, Floodbase has so far received $17m in venture capital. It is backed by companies including Collaborative Fund, Floating Point, Lower Carbon Capital and Vidavo Ventures. Floodbase CEO Bessie Schwarz said: “With the growing demand for new flood insurance programmes, we are thrilled to partn Show less Read more
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