National Flood Services

What National Flood Services does

National Flood Services operates as a subsidiary of Taurus, LLC, alongside Global Fund Solutions, LLC, and is one of two operating brands under a parent group headquartered in Kalispell, Montana, that has operated continuously since 1985. Within that structure, the entity going concern is Taurus, which markets a unified P&C insurance technology platform branded Odyssey — an all-in-one, cloud-based SaaS system running on AWS with an agile microservices architecture. Odyssey is configured to support the full insurance policy lifecycle, including underwriting, claims, billing, accounting, investment management, and direct-to-consumer operations, with separate portal interfaces for consumers, agents, carriers, and brokers, plus a dedicated Customer Service module for policy self-service.

The business model is enterprise B2B SaaS, sold on multi-year subscription contracts with quote-based pricing marketed as "transparent" and free of hidden fees. Go-to-market is enterprise field sales aimed at U.S. insurance carriers, augmented by self-service portals for agents and brokers and direct-to-consumer access for property owners. The company emphasizes a "fastest and most affordable implementation" positioning, configuration without IT-vendor dependency, third-party data integration for underwriting, and SOC 1 Type II and SOC 2 Type II security certifications. The company highlights significant share in the NFIP Write Your Own (WYO) program — a regulated-government-adjacent flood-insurance channel — as a key differentiator.

Delivery is executed across four U.S. offices (Kalispell, MT; Overland Park, KS; Tampa, FL; Washington, D.C.) and three international offices (Medellín, Colombia; Mumbai, India; Manila, Philippines) supporting 24/7/365 technology and customer-service coverage. Named carrier customers include AAA Insurance, American Family, Farmers Insurance, MAPFRE, American National, NGM, Philadelphia Contributionship, and 14 additional regional and specialty carriers. Public headcount is reported in the 251–500 range; active users on the platform total 92,000+.

Name

National Flood Services

Legal name

National Flood Services, LLC

Website

https://nationalfloodservices.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

251–500 employees

Short description

National Flood Services is a subsidiary of Taurus, LLC, providing an all-in-one cloud-based SaaS insurance platform (Odyssey) on AWS for U.S. P&C carriers, agents, brokers, and property owners, with a focus on NFIP flood-insurance processing and policy-lifecycle operations.

Ownership category

akta.pro rank

Product category

Insurance Technology Software

NAICS

Computer Systems Design and Related Services (54151)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Flood Insurance (FSAJACAG)

akta.pro secondary industry

Technology / IT Services BOP (FSAJAFAK)

Keywords

• Flood insurance solutions
• P&C insurance software
• Insurance policy platform
• Claims management software
• Underwriting software platform

Headquarters

HQ city

Kalispell

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Platform Subscription: Cloud-based SaaS platform subscription model providing access to Odyssey platform with configurable insurance modules. Pricing is transparent with no hidden fees at a simplified, straightforward price point.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

National Flood Services, operating as a subsidiary of Taurus, LLC, provides flood insurance and P&C insurance technology solutions through the Odyssey cloud-based SaaS platform. The platform supports the full insurance policy lifecycle including underwriting, claims, billing, accounting, investment management, and direct-to-consumer operations, with dedicated portals for consumers, agents, and carriers. Services include configurable product-line setup, third-party data integration, and 24/7/365 customer support across U.S. and international offices.

Product overview

Taurus offers a unified platform-plus-modules architecture built around the Odyssey core platform, an all-in-one cloud-based SaaS solution for P&C insurance operations. Odyssey is complemented by a dedicated Customer Service module that provides policyholders with self-service capabilities for policy management, claims filing, and renewal payments. The platform supports the full insurance lifecycle including underwriting, claims, billing, and accounting, with separate portals for consumers, agents, and carriers.

Differentiator

Problem solved

Functional benefit

Brands

• Odyssey: All-in-one, cloud-based SaaS platform for insurance operations supporting underwriting, claims, billing, accounting, investment management, and direct-to-consumer portals.
• Customer Service

Products and services

• Odyssey Platform All-in-one, cloud-based SaaS platform for P&C insurance operations supporting the full policy lifecycle including underwriting, claims, billing, accounting, investment management, and direct-to-consumer operations, with consumer, agent, and carrier portals and configurable support for multiple product lines.
• Customer Service Module Customer-facing service module enabling policyholders and property owners to manage their policies, file claims, pay renewals, and access coverage information through a dedicated self-service portal.

Quantifiable outcome

• Fastest implementation in the industry
• +2 more outcomes

Named customers21 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• EIS Group: Insurance core platform (OneSuite) for P&C, life, and health with strong APIs and microservices architecture — a direct architectural competitor to Odyssey.
• Guidewire Software: Leading provider of P&C insurance core, data, and digital platforms (PolicyCenter, ClaimCenter, BillingCenter) sold as cloud suites to global insurers, directly competing with Odyssey for the same carrier modernization budget.
• Duck Creek Technologies: Cloud-native P&C suite covering policy, billing, claims, and distribution; one of the most direct SaaS comparables to Odyssey's all-in-one, microservices-based carrier platform.
• Insurity: P&C insurance software vendor offering policy administration, billing, claims, and analytics targeted at carriers of all sizes, overlapping tightly with Odyssey's functional scope.
• Sapiens International: Global provider of insurance software suites for P&C and other lines, including policy administration and digital engagement tools comparable to the Odyssey platform.
• Majesco: Cloud-native P&C insurance SaaS suite (Policy, Billing, Claims, Distribution) competing for the same mid-market carrier deals Odyssey targets, with similar AI/data positioning.

Broad incumbents

• Applied Systems: Large incumbent selling agency/management software (Applied Epic, TAM, Canada platforms) to the same insurance ecosystem; addresses adjacent distribution-side workflows rather than carrier core systems.
• Vertafore: Incumbent SaaS suite for insurance agencies and carriers (AMS, Sagitta, ImageRight), overlapping with Odyssey's agent and broker portals but serving a broader distribution-side footprint.
• Verisk (Insurance Solutions): Large data, analytics, and policy-administration provider across P&C, including flood-related and ISO programs; broader portfolio than Odyssey but competes for the same underwriting, rating, and program data budget.

Others

• CoreLogic: Property data and analytics provider (including flood and risk data) that integrates with carrier underwriting workflows — comparable to the 'third-party data integration' advantage NFS claims for its own platform, but as an enabler rather than competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/nationalflood

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 National Flood Services