parametric-insurance
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Understory Spent a Decade Measuring Hail. Then It Learned the Money Was in Moving Cars.
The Madison startup began with a clever weather station and a consumer product nobody could use. Its second act turns ground-level storm data into insurance - and gives customers a reason to act before the hail arrives.
When the Cloud Goes Down, Parametrix Cuts the Check in Days
A New York insurtech wrote a policy that pays out automatically when AWS, Azure or Google Cloud stops working. Then, on one July morning, CrowdStrike proved the whole thesis was worth billions.
The Grid Failed. Adaptive Insurance Paid in Days.
Most insurance waits for proof of loss. This Austin startup watches for the event itself - then turns a dark grid, a flooded home or a brutal deductible into a faster, prearranged path to cash.
The Insurance Policy That Watches the Weather, Not the Wreckage
Arbol turns rainfall, wind speed and temperature into financial triggers. Its wager is that climate insurance can move faster when the argument over damage is replaced by a line in the data.
Otonomi
Otonomi is a New York-based insurtech that sells parametric insurance for cargo delays and disruptions across air, ocean, and e-commerce parcel shipments. Instead of the traditional claims process, its platform uses AI/ML underwriting, real-time shipment tracking, and blockchain-backed settlement to quote in seconds and pay out automatically once a delay crosses a defined threshold - regardless of cause. Founded in 2021 by Yann Barbarroux and Jeremy Sutton, the company targets freight forwarders, shippers, and brokers moving time-critical goods such as pharmaceuticals, perishables, high-tech components, and automotive parts.
Safehub
Safehub turns any building into an IoT device for earthquake risk. Its proprietary sensors and cloud analytics deliver building-specific damage information within minutes of a seismic event, helping owners, insurers and emergency teams make faster, better decisions. The same sensor network powers a new generation of sensor-triggered parametric earthquake insurance designed to slash basis risk and speed up payouts.
Archipelago
Archipelago is an AI-powered risk data platform that connects large commercial property owners with their insurance markets, turning messy schedules of values, loss runs and engineering reports into clean, broker-ready submissions. Founded in 2018 by RMS co-founder Hemant Shah, the San Francisco-based company digitizes property risk for portfolios totaling trillions of dollars in insured value.