# Neptune Flood > Life\. Waterproofed\. ## At a glance | Field | Value | | --- | --- | | Type | MGA | | Region | NA | | Headquarters | St. Petersburg, Florida | | Founded | 2016 | | Stage | Established | | Employees | 51-200 | ## Overview Neptune Flood is the largest private flood insurance provider in the United States, operating as an AI-driven Managing General Agent (MGA). Founded in 2016 by Jim Albert and Bill Martin, the company launched its first product in 2018 in Florida and quickly expanded nationwide to all 50 states and the District of Columbia. Neptune uses its proprietary Triton AI underwriting engine to deliver flood insurance quotes in under 2 minutes with only 3 questions, compared to 54 questions required by the National Flood Insurance Program (NFIP). The company operates an asset-light model, taking no balance sheet insurance risk, with all policies backed by 39 capacity providers across 7 programs. The company went public on the NYSE (ticker: NP) in October 2025, raising $368M at an approximately $3 billion valuation. Neptune serves 260,000+ policyholders through a network of 15,000+ independent agents and strategic distribution partners. The company also acquired Jumpstart Insurance Solutions in October 2021 to offer parametric earthquake coverage, and Charles River Data in May 2024 to bolster its AI and data science capabilities. ## Products & services ### Residential Flood Insurance Comprehensive private flood coverage for homeowners with AI-driven underwriting and simplified quoting. **Key features:** - Building coverage up to $4M - Contents coverage up to $500K - No elevation certificate required - Quote in under 2 minutes with 3 questions *Target users:* Homeowners, renters, and condo unit owners nationwide *Distribution:* Independent agents, direct, embedded partnerships ### Commercial Flood Insurance Flood coverage tailored for commercial properties and businesses. **Key features:** - Building coverage up to $7M - Business interruption coverage - Rental loss of income coverage *Target users:* Commercial property owners, businesses *Distribution:* Independent agents, wholesale brokers ### RCBAP \(Residential Condominium Building Association Policy\) Specialized flood coverage for condominium associations. **Key features:** - Building coverage up to $10M - Designed for multi\-unit residential properties *Target users:* Condo associations and property managers *Distribution:* Independent agents, wholesale brokers ### Excess Flood Coverage Additional flood coverage layered over existing NFIP policies. **Key features:** - Supplemental coverage above NFIP maximums - Available for residential and commercial properties *Target users:* Property owners seeking coverage above NFIP limits *Distribution:* Independent agents ### Jumpstart Parametric Earthquake Parametric earthquake insurance providing fast payouts without traditional claims processes, acquired via Jumpstart Insurance Solutions in October 2021. **Key features:** - Available in California, Oregon, and Washington - Payouts up to $10K for individuals - Payouts up to $20K for businesses - Parametric trigger based on earthquake magnitude and proximity *Target users:* Individuals and businesses in earthquake\-prone states *Distribution:* Direct, embedded partnerships ## Links - Website: - Directory profile: - Blog: - Careers: - Twitter: - Linkedin: - Documentation: - Investor relations: --- *Last updated: 2026\-03\-25*