Reinsurance News
Adaptive Insurance
Bold Penguin partners with Adaptive for parametric insurance coverage
11th December 2025
Bold Penguin, a digital solutions provider for commercial insurance, has partnered with Adaptive Insurance, a pioneer in AI-driven coverage. The collaboration brings Adaptive’s GridProtect parametric power outage coverage to the Bold Penguin platform, marking the first time a parametric insurance carrier has been integrated into the company’s digital exchange. This partnership will ... Read the full article
Adaptive Insurance secures $5m in seed funding led by Congruent Ventures
26th February 2025
Texas-domiciled climate-based parametric insurer, Adaptive Insurance, has successfully closed a $5 million seed funding round led by Congruent Ventures, with additional investments from Montauk Climate, the US arm of Seraphim Space - Generation Space, and private funders. The financing will fuel the nationwide rollout of Adaptive Insurance’s parametric insurance products, starting ... Read the full article
AI-powered climate risk platform launched by Adaptive Insurance
3rd October 2024
A new parametric insurance platform, Adaptive Insurance, powered by artificial intelligence (AI) has launched with a mission to change how businesses safeguard against climate risks. The company’s flagship product GridProtect will offer immediate, technology-driven financial relief businesses impacted by power outages responsible for $150 billion in annual losses. Power outages are a ... Read the full article
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