U.S. private flood insurance provider Neptune Flood has reached a major milestone, announcing that it has surpassed 300,000 policies in force and more than $400 million in in-force premiums.
This achievement marks an important step toward expanding private flood insurance coverage and increasing the resilience of communities across the United States.
Neptune’s continued growth reflects the growing need for modern technology-enabled flood protection over traditional coverage.
The company emphasizes that by simplifying the purchasing process and providing fast, reliable protection, Neptune is helping to close the flood insurance gap for more Americans.
“More than 300,000 policies and $400 million in active premiums is a significant milestone not only for Neptune, but for the broader growth of the flood insurance market,” said Trevor Burgess, chairman and CEO of Neptune Flood. “This demonstrates that private flood insurance is scaling up in a meaningful way and playing a critical role in protecting more properties across the country. As flood risk continues to grow, broadening the insurance base is critical to building a more resilient future.”
Neptune’s platform is built for scale, combining AI-native underwriting with a fully digital quoting experience to deliver instant decision-making and continuous risk assessment.
Powered by Triton®, Neptune’s underwriting system, the company is able to transform complex flood risks into rapid, actionable insights while maintaining rigorous underwriting discipline.
Adoption of the Neptune platform is accelerating, with more than 45,000 agents actively using it. Neptune is transforming flood risk assessment and communication by providing real-time data, sales tools and guidance, empowering homeowners to make informed, proactive underwriting decisions.
“We are deeply grateful to the more than 45,000 agents who trust Neptune to serve their customers every day,” said Jean-Luc Eckstein, chief customer officer at Neptune Flood. “Their expertise, relationships and commitment to helping customers understand and respond to flood risk are core to our growth. We are honored to partner with them to provide them with the tools, speed and insights they need to protect more homes and businesses across the country.”
Neptune’s growth also reflects the growing contribution of the private market in supplementing the National Flood Insurance Program (NFIP).
On the topic of privatizing flood risk in favor of Neptune, we reported earlier that a Federal Emergency Management Agency (FEMA) review committee sent its final report and recommendations to the President yesterday, emphasizing that greater private market participation is critical for U.S. flood insurance.
By offering flexible coverage options and competitive pricing, private insurers are expanding participation in flood coverage nationwide and helping to close the protection gap.
