Neptune Flood’s AI-powered underwriting platform, Triton, is playing a central role in the company’s surge in premium capacity, which has risen to more than $400 million for 2025, up from $300 million last year, as the firm expands nationwide.
The increase in premium capacity comes with support from more than 30 insurance and reinsurance partners, including global reinsurers and specialty carriers. These partners contribute to Neptune’s private flood insurance portfolio and participate in its expanding underwriting operations.
“Securing over $400 million in premium capacity demonstrates the strong support we’ve built across the global insurance and reinsurance markets,” said Trevor Burgess, CEO of Neptune Flood. “Triton, our AI-driven underwriting platform, continues to deliver strong results for our partners and affordable, fast flood insurance for our policyholders.”
The company also announced it has reached full availability across the United States, with the launch of its products in Alaska. Neptune’s private flood insurance offerings are now accessible in all 50 states and Washington, D.C.
“With this expansion, Neptune now offers a simple, digital flood insurance solution to property owners nationwide,” said Matt Duffy, President of Neptune Flood. “This achievement reflects the power of our technology and the dedication of our partners to helping close the flood insurance gap in America.”
Neptune provides private flood insurance alternatives to the National Flood Insurance Program (NFIP), offering policies through its AI-based platform. The system is designed to automate underwriting and simplify the purchasing process for both residential and commercial properties.
Through digital distribution channels, including agents, lenders, and direct-to-consumer models, the company offers coverage that is available within minutes. Its process aims to remove delays commonly associated with traditional flood insurance transactions.
The company’s expansion into every U.S. state and the increased capacity level positions Neptune to offer more insurance solutions to property owners who may be underserved by existing programs.
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