The Power of Parametric: Adaptive’s Mission to Reinvent Protection

When two industry leaders Michael Gulla (CEO, ex-Hippo) and Arik Arik Yelovitch (CTO, ex-Hippo) - decided to build Adaptive Insurance, they set out to solve one of the biggest blind spots in commercial insurance: business interruption.As Michael shared: “Most small businesses don't go out of business because of a major climate catastrophe. They're die-by-a-thousand cuts… when they have an insurance event that then takes 3 to 4 months before their carrier can fully adjudicate that claim.”Adaptive’s answer: #parametric #insurance powered by AI and real-time climate data. With simple if-then triggers - “If the power goes down for 12 hours, then I get $10,000” - SMBs get immediate liquidity, backed by Tokio Marine HCC, to keep their businesses running.📖 Read more in our co-article on The Underwriter: From Catastrophes to Coverage - https://www.linkedin.com/pulse/from-catastrophes-coverage-evyatar-amira-jynnf🎧 Watch the full conversation now on Policy in Wonderland Podcast.