Neptune Flood Surpasses 300,000 Policies in Force and $400 Million in Premium, Expanding Access to Modern Flood Protection Nationwide

Key Terms

ai-native underwriting technical

AI-native underwriting is the practice of designing the insurance or loan approval process around artificial intelligence from the start, so decisions about who to insure, how much risk to take, and what price to charge are driven by continuously learning algorithms rather than manual checklists. For investors it matters because this approach can cut costs, speed decisions and scale business like moving from a paper map to a real-time GPS, but it also introduces model risk and regulatory scrutiny that can affect profitability and trust.

underwriting financial

Underwriting is the process where a financial institution agrees to buy and then resell new stocks or bonds to investors. It matters because it helps companies raise money quickly and smoothly, while the bank takes on the risk of selling those securities at the agreed price. Think of it like a booker guaranteeing to sell all tickets for a concert before opening the doors.

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national flood insurance program (nfip) regulatory

A federally run program that offers flood insurance to homeowners, renters and businesses in communities that follow floodplain rules. It acts like a backstop for flood losses when private insurers won’t cover or charge too much, so it matters to investors because it affects property values, mortgage risk, construction and insurance company exposure—think of it as a government safety net that reshapes who bears the cost of flood damage and how much that cost will be.

flood insurance financial

Flood insurance is a policy that pays to repair or replace buildings and belongings damaged by rising water from heavy rain, overflowing rivers, storm surge, or similar events. For investors in real estate, insurance companies, or firms with physical assets, it matters because it helps protect property values and cash flow, lowers the risk of sudden repair bills, and can influence mortgage approval and long‑term operating costs—like a backup fund that activates after water damage.

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Growth reflects increasing resilience and the continued expansion of the private flood insurance market

ST. PETERSBURG, Fla.--(BUSINESS WIRE)-- Neptune Flood, the largest private flood insurance provider in the United States, today announced that it has surpassed 300,000 policies in force and $400 million in premium in force. This milestone marks a significant step forward in expanding the reach of private flood insurance and strengthening the resilience of communities across the country.

Neptune’s continued growth reflects rising demand for modern, technology-enabled flood protection as more homeowners and businesses seek alternatives to traditional coverage. By simplifying the purchasing process and delivering fast, reliable protection, Neptune is helping close the flood insurance gap and bringing coverage to more Americans.

“Surpassing 300,000 policies and $400 million in premium in force is an important milestone, not just for Neptune, but for the broader evolution of the flood insurance market,” said Trevor Burgess, Chairman and CEO of Neptune Flood. “It demonstrates that private flood insurance is scaling in a meaningful way and playing a critical role in protecting more properties nationwide. As flood risk continues to grow, expanding the insured base is essential to building a more resilient future.”

Neptune’s platform is built to scale, combining AI-native underwriting with a fully digital quoting experience that delivers instant decisions and continuous risk evaluation. Powered by Triton®, Neptune’s underwriting system, the company is able to translate complex flood risk into fast, actionable insights while maintaining strong underwriting discipline.

Adoption across Neptune’s distribution network continues to accelerate, with more than 45,000 individual insurance agents actively using the platform. By equipping agents with real-time data, sales enablement tools, and proactive guidance, Neptune is transforming how flood risk is assessed and communicated, helping more property owners make informed coverage decisions while securing coverage before disaster strikes.

“We’re incredibly grateful to the more than 45,000 agents who trust Neptune to serve their customers every day,” said Jean-Luc Eckstein, Chief Customer Officer of Neptune Flood. “Their expertise, relationships, and commitment to helping customers understand and prepare for flood risk are at the heart of our growth. We’re proud to partner with them by delivering the tools, speed, and insights they need to protect more households and businesses across the country.”

Neptune’s growth also reflects the increasing role of the private market in complementing the National Flood Insurance Program (NFIP). By offering flexible coverage options and competitive pricing, private insurers are helping to broaden participation in the flood insurance system and reduce the protection gap nationwide.

About Neptune

Neptune Flood (NYSE: NP) is a leading, AI-native managing general agent offering a range of easy-to-purchase residential and commercial insurance products, including primary and excess flood insurance, distributed through a nationwide network of agencies. Leveraging proprietary artificial intelligence and advanced data science, Neptune delivers fast and accessible coverage for residential and commercial properties across the United States. The Company operates without human underwriters, using Triton®, its cutting-edge platform to streamline underwriting, pricing, and policy issuance.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260506273308/en/

Media Contact:
Loren Pomerantz
917-902-0219
loren@combined-forces.com

Source: Neptune Flood