Emergency Flood Defence for Insurers
- Industry’s first ever pro-active flood mitigation solution.
- Reusable flood protection kits delivered to any at-risk policyholder’s home within 2–4 hours, then collected and redeployed elsewhere (record time 1hr 45 from alert to delivery)
- Innovative platform that monitors each insurers policyholders location, tracks floods from multiple data sources and communicates with at risk policyholders. App to help policyholders prepare their property for a flood.
- Modelled to cut flood claims by up to 40% across an insurer's portfolio, applicable to residential and commercial premises
- Live with a major UK home insurer and data shared from two other top-20 players. £11bn+ UK addressable market with a clear, low-friction route to expand across Europe and beyond
Background
Flood risk in the UK is rising faster than insurers can price for it, with over 6 million homes already exposed and claim costs up sharply in recent years. Insurers want to act before water reaches the door, but traditional permanent flood defences rarely make financial sense: the average customer moves insurer within three years, and the average home premium doesn't come close to covering the cost of a fitted defence system. Our client has built a real-time alternative. By monitoring live flood risk data across an insurer's entire portfolio and deploying reusable protection kits only when and where they're needed, they let insurers protect any policyholder without pre-committing capital to any single property.
Progress to date:
The model is already proven: a paid pilot with a top 10 insurer validated the operational foundations of the business, delivering kits within four hours and achieving a 90% policyholder satisfaction score in two targeted counties. The operation is now looking to expand regionally and nationally in line with existing customer demand.
Simple model:
Revenue is contracted per kit reserved, generating strong unit economics with a c.50% contribution margin and a 16-month payback per kit, before eight years of high-margin recurring income. The business is now raising a fully EIS-eligible seed round to fund additional insurer roll-outs, scale delivery operations and build a runway through 2027.
What we seek
Non-Executive Directors will be encouraged to become shareholders in the Company with an Initial minimum investment of £25k to align their interests with that of the existing Board Members.
Our client seeks 2 / 3 Investing NED’s ideally with an entrepreneurial mindset and desirable but not essential experience with the following background:
1) Start-up and scale-up expertise: particularly from a strategic standpoint. Exit/M&A experience a bonus too, while still being comfortable holding management to account on the financial projections and delivery plan.
2) Insurance sector network and exposure: relationships across UK/European insurers, reinsurers, Insurtech or knowledge of loss adjusting and claims handling.
3) Logistics and hardware/physical-product expertise: Experience in supply chain, field logistics, or hardware-as-a-service businesses desirable.
How to apply: email This email address is being protected from spambots. You need JavaScript enabled to view it.
Closing date: 4 weeks from today