/PRNewswire/ The "Parametric Insurance Market By Type, By Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been.
Thanks to our customers and our agents for helping us hit 100,000 policies, "said CEO Trevor Burgess. Neptune started with a single offering of residential flood insurance in Florida in 2018. In October 2021, Neptune acquired Jumpstart Insurance Solutions, adding parametric earthquake to its portfolio of technology-based insurance products.
Digital flood insurance provider Neptune Flood has acquired Jumpstart Insurance Solutions, a parametric insurtech broker that offers parametric earthquake
Jumpstart Parametric Earthquake Firm on Move in West
Jumpstart Insurance Solutions Inc. is on the move in the earthquake-prone West – and the company is now working with insurance agents.
Jumpstart, a licensed surplus lines insurance broker using Lloyd’s capacity, began offering earthquake insurance in California a little over two years ago in the form of a parametric product, with payments linked to a formula and based on U.S. Geological Survey earthquake measurements.
Kate Stillwell, founder and CEO of California-based Jumpstart, announced this week the firm is now offering their products in Washington and Oregon.
Jumpstart began operating in the two states in early December, but held off until now to let the public know. Since announcing the availability of the products on Tuesday, several new customers have signed on.