Parametric barge flood insurance that actually pays out before you are underwater
GaugePact writes parametric insurance policies for inland waterway barge operators that trigger automatic payouts the moment USGS stream gauge readings cross predefined flood stage thresholds. No adjuster. No claim form. No three-week wait while your cargo is sitting in six feet of Mississippi River. The inland marine insurance industry has been faxing loss notices since 1987 and I built the thing that ends that.
- Parametric policy engine that monitors live USGS gauge telemetry and fires payout events autonomously with zero human intervention
- Prices risk across 14,000+ USGS monitoring stations using hull type, cargo class, and historical stage behavior on discrete river segments
- Deep integration with the NOAA National Water Model for 18-hour forecast-adjusted premium recalculation at policy inception
- Automatic ACH disbursement upon threshold breach — funds clear before most operators even know a flood event was declared
- Full inland marine cargo class taxonomy built in
USGS Water Services API, NOAA National Water Model, Stripe, Plaid, AquaLedger, RiverRisk Pro, HullVerify, Salesforce Financial Services Cloud, DocuSign, MarineSync, TowFleet Dispatch, VaultBase
GaugePact runs as a set of purpose-built microservices — a gauge ingestor, a policy evaluation engine, and a disbursement orchestrator — all coordinating over a Kafka event bus with sub-second lag between gauge reading and payout trigger evaluation. Policy state and threshold configurations live in MongoDB, which handles the transactional write patterns here just fine regardless of what you've heard. The gauge telemetry stream is cached in Redis for long-term historical stage modeling and percentile risk scoring. Everything is containerized, everything is observable, and the payout latency from threshold breach to ACH initiation is under four seconds on a bad day.
🟢 Production. Actively maintained.
Proprietary. All rights reserved.