Jumpstart

What Jumpstart does

Jumpstart Insurance Solutions, Inc. is a parametric earthquake insurance provider operating as a wholly-owned subsidiary of Neptune Flood, Inc., headquartered in Oakland, California. The company sells subscription-based earthquake coverage to individual consumers ($10,000 payout tier) and small businesses/non-profits ($20,000 tier, up to $50,000 per location) in California, Oregon, and Washington. The product is parametric: payout eligibility is triggered automatically by U.S. Geological Survey Peak Ground Velocity measurements crossing defined thresholds (30cm/sec in California, 20cm/sec in Oregon and Washington), rather than by individual property damage assessment. This architecture eliminates claims adjusters, paperwork, and deductibles, with automated text-based notification and 1-3 day direct-deposit payouts after customer confirmation.

The company is licensed as a surplus line insurance broker across CA, OR, and WA, with underwriting capacity provided by specific underwriters at Lloyd's of London. Founded in 2015 by Kate Stillwell (former president of the Structural Engineers Association of Northern California), Jumpstart was acquired by Neptune Flood in fall 2021 and now operates as a division under the Jumpstart brand, gaining access to Neptune's agent distribution portal in addition to its own self-serve D2C web application. Distribution is hybrid: direct-to-consumer self-serve sign-up at app.jumpstartinsurance.com, plus agent-sourced sales through Neptune Flood's broker network.

Pricing is determined solely by zip code-based USGS earthquake probability, with no building characteristics or claims history factored in. The company addresses a market where less than 20% of CA/OR/WA residents carry traditional earthquake coverage and many of those policies carry deductibles that exceed actual damages, as evidenced by the 2014 South Napa earthquake where 40,000 households experienced strong shaking but fewer than 200 residential claims resulted in payment. No AI/ML capabilities are disclosed; the technology stack is deterministic parametric trigger logic integrated with public USGS data feeds.

Name

Jumpstart

Legal name

Jumpstart Insurance Solutions, Inc.

Website

https://jumpstartinsurance.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Jumpstart is a parametric earthquake insurer providing $10K-$50K automated payouts to individuals and small businesses in California, Oregon, and Washington, triggered by USGS seismic intensity thresholds rather than property damage assessment. It operates as a wholly-owned subsidiary of Neptune Flood, backed by Lloyd's underwriters.

Ownership category

akta.pro rank

Product category

Parametric Earthquake Insurance

NAICS

Other Insurance Related Activities (52429)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Parametric Catastrophe Reinsurance (FSAOACAG)

Keywords

• Parametric earthquake insurance
• Seismic risk coverage
• Disaster recovery insurance
• USGS PGV triggers
• Catastrophe bond insurance

Headquarters

HQ city

Oakland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Parametric Earthquake Insurance Premiums: Monthly subscription-based insurance premiums charged to customers for parametric earthquake coverage. Premium is determined solely by zip code-based earthquake probability, not building characteristics or claims history. No deductible required.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Jumpstart provides parametric earthquake insurance that pays a pre-agreed lump sum ($10,000 for individuals, $20,000–$50,000 for small businesses) when an earthquake's Peak Ground Velocity, as measured by USGS seismic data, exceeds a defined threshold at the policyholder's location. Coverage is offered on a monthly subscription basis in California, Oregon, and Washington, with no claims adjusters, no paperwork, and no deductible required for payout.

Product overview

Jumpstart offers parametric earthquake insurance products providing immediate financial payouts when earthquakes occur. The company operates two main coverage tiers: Residential Earthquake Insurance offering a $10,000 immediate payout for individuals and Small Business Earthquake Insurance offering $20,000 (with businesses able to purchase up to $50,000). All products use a parametric approach powered by USGS seismic data, paying out based on earthquake intensity thresholds rather than property damage claims. Coverage is currently available in California, Oregon, and Washington states. Jumpstart is a wholly owned subsidiary of Neptune Flood, Inc.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Earthquake Insurance ($10K) Parametric earthquake insurance for individuals (renters and homeowners) that delivers a $10,000 lump sum payout within 1–3 days when USGS Peak Ground Velocity reaches 30 cm/sec in California or 20 cm/sec in Oregon/Washington at the policyholder's location. No claims adjusters, no paperwork, no deductible. Sold as a monthly subscription.
• Small Business Earthquake Insurance ($20K) Parametric earthquake insurance for small businesses and non-profits providing a $20,000 immediate payout (with ability to purchase up to $50,000 of coverage per location) when a qualifying earthquake occurs. Designed to provide rapid working capital for business continuity without traditional claims adjustment.

Quantifiable outcome

• Payout within 1-3 days of customer confirmation after qualifying earthquake
• +1 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• USGS (United States Geological Survey)coreTechnology or IntegrationJumpstart partners with USGS - a scientific agency of the United States government and the leading authority on seismic data - to ensure payment fairness and transparency. USGS provides Peak Ground Velocity data that determines customer eligibility for payouts.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Neptune Flood: Neptune Flood is the parent company that acquired Jumpstart in 2021 and operates as a parametric flood insurance provider. Both companies share parametric insurance methodology, Lloyd's backing, and serve US consumers directly, with Neptune providing agent network distribution to Jumpstart.
• Kin Insurance: Kin Insurance is a direct-to-consumer homeowners insurance technology company that simplifies the insurance purchase and claims experience for catastrophe-prone areas, particularly in Florida and California. Both companies focus on making catastrophe insurance more accessible to consumers in high-risk geographies.
• Hippo Insurance: Hippo is a digitally-native home insurance company offering modernized homeowners coverage with focus on catastrophe exposure and proactive risk mitigation. Both target homeowners seeking simpler digital insurance experiences for disaster-prone regions.
• Lemonade: Lemonade is a purpose-driven, AI-powered insurtech offering renters, homeowners, and pet insurance with a digital-first, B-Corporation model. Both companies share the mission-driven B-Corp ethos, simple digital experience, and direct-to-consumer distribution approach.
• Next Insurance: Next Insurance is a digital SMB-focused insurance provider offering simplified coverage for small businesses, including a tier that addresses catastrophe exposure. Both companies offer small business earthquake coverage with streamlined digital experiences.

Broad incumbents

• Palomar Holdings: Palomar is a publicly traded specialty insurer focused on earthquake and other catastrophe-exposed risks, primarily serving as a carrier rather than parametric product. Both companies serve California earthquake insurance demand but Palomar operates through traditional indemnity policies.
• California Earthquake Authority (CEA): The CEA is a publicly managed, not-for-profit residential earthquake insurance provider serving California homeowners. Both serve the same California residential earthquake insurance market, but the CEA offers traditional indemnity coverage while Jumpstart offers parametric coverage with faster payouts.
• Root Insurance: Root is a publicly-traded insurtech using telematics and data-driven underwriting to offer personalized auto and homeowners insurance. Both companies leverage data-driven risk segmentation, but Root's focus is auto insurance with broader consumer brand ambitions.

Emerging players

• Slice Insurance Technologies: Slice is a digital insurance platform building infrastructure for embedded parametric and on-demand insurance products. Both companies operate in the parametric insurance space, but Slice focuses on infrastructure and embedded distribution while Jumpstart sells direct to consumers.
• Floodlight (FloodScore): First Street Foundation provides property-level climate and natural disaster risk data used by insurers and consumers. Jumpstart similarly relies on third-party objective data (USGS Peak Ground Velocity) to drive parametric outcomes, but First Street focuses on data rather than insurance products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/yourjumpstart
• Facebookfacebook.com/yourjumpstart

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds4 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jumpstart