Neptune Flood surpasses 200,000 policies

Neptune Flood , the largest private flood insurer in the US, has reached a milestone of 200,000 policies and $250 million in premiums. Starting in 2018 with a single residential flood insurance product in Florida, Neptune has since expanded to 49 states and Washington, D.C., offering residential, commercial, and condominium flood insurance.

In 2021, Neptune added parametric earthquake insurance to its offerings by acquiring Jumpstart Insurance Solutions. In 2024, it formed Neptune Data Science after acquiring Charles River Data, focusing on machine learning to improve the sale of flood and earthquake insurance.

Neptune’s growth is supported by a network of over 15,000 agency partners. The company has paid over $150 million in claims, especially following events like Hurricane Ian (2022), and collaborates with 25 insurance and reinsurance partners. Key areas for Neptune include Florida, with the highest number of policies, and South Carolina, with the most policies per capita.

“At Neptune, our mission is to use advanced technology to revolutionize the insurance industry. Through the power of AI and ML, we’ve developed a seamless, efficient, and sustainable insurance ecosystem that includes our 25 insurance and reinsurance partners, our 200,000 customers, and tens of thousands of agents who engage with Neptune every month. We are grateful to each of these groups for their contributions in helping us reach these incredible milestones.” – Trevor Burgess, CEO of Neptune Flood.

“We are incredibly grateful to our agency partners who have played a crucial role in helping us achieve this milestone. Their trust in Neptune and dedication to their customers have been instrumental in our growth. Together, we are making flood insurance more accessible and affordable for everyone.” – Jean-Luc Eckstein, Chief Customer Officer of Neptune Flood.