Insurance / P&C Insurance Tech
Best Parametric Insurance Platforms Companies
What is Parametric Insurance Platforms?
Parametric insurance platforms offer a unique and innovative way to insure against certain risks. These platforms are typically structured as an independent smart contract that is triggered under specific conditions, such as when a certain event occurs or when a previously agreed-upon threshold is met. This type of insurance platform removes the need for expensive traditional policies and provides customers with more control over their coverage.
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Top Parametric Insurance Platforms Companies
CelsiusPro is a Swiss Insurtech company that specializes in industrializing index insurance solutions to mitigate the effects of adverse weather, climate change and natural catastrophes.
Plover Parametrics provides a software-as-a-service (SaaS) data platform for insurers. It helps companies launch new parametric insurance products. Additionally, it offers claim administrations, climate insurance risk management, and expense management solutions. The company was founded in 2022 and is based in New York, New York.
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Floodbase offers a flood mapping platform. It helps to protect the world’s climate-vulnerable communities with the help of global satellites, advanced science, and community intelligence and monitors worldwide floods and analyzes local flood exposure. Floodbase was formerly known as Cloud to Street. The company was founded in 2015 and is based in Brooklyn, New York.
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Insurion an insurance platform that automatically detects insured events and provides instant claim settlement. Insurion's parametric insurance platform solutions span tourism, logistics, and agriculture.
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Otonomi provides a blockchain-enabled parametric platform. The platform uses data-activated triggers, smart contracts, and integrated digital wallets for air cargo, ocean marine, ground transport, and more. It was founded in 2019 and is based in Wilmington, Delaware.
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Riskwolf operates as a parametric insurance technology service provider. It enables insurers to build and operate parametric coverages for digital risks. It manages the exposure, notifies claims, and triggers payments via the application programming interfaces. The company was founded in 2019 and is based in Zurich, Switzerland.
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Yokahu is an online insurance provider company. The company offers parametric insurance policies that are based on proven events instead of actual losses due to weather-related disasters and climate change. It was founded in 2019 and is based in London, United Kingdom.
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Our Methodology
The ESP matrix leverages data and analyst insight to identify and rank leading private-market companies in a given technology landscape.
What is Parametric Insurance Platforms?
Parametric insurance platforms offer a unique and innovative way to insure against certain risks. These platforms are typically structured as an independent smart contract that is triggered under specific conditions, such as when a certain event occurs or when a previously agreed-upon threshold is met. This type of insurance platform removes the need for expensive traditional policies and provides customers with more control over their coverage.
Expert Collections
Market Map
Similar Markets
Do you compete within Parametric Insurance Platforms?
Reach more buyers.
Your future customers are researching their next tech solution on CB Insights. Make sure they can find you.