Plover Parametrics
About Plover Parametrics
Plover provides parametric insurance solutions for natural catastrophes and unconventional risks by utilizing advanced data analytics to assess and price coverage based on measurable triggers. This approach enables insurance carriers and brokers to create tailored products that address gaps in traditional insurance offerings, particularly when admitted markets retreat.
```xml <problem> Traditional insurance markets often retreat from covering natural catastrophes and emerging risks due to increasing severity of climate events, permissive building practices, and regulatory challenges. This leaves businesses and individuals exposed to significant financial losses when admitted markets pull back, creating gaps in coverage. </problem> <solution> Plover is a specialty insurance brokerage that helps agents and brokers secure parametric and other alternative risk solutions for their clients. Plover leverages advanced data analytics and modeling to assess and price coverage for natural catastrophes, weather events, and unconventional risks. By offering tailored parametric solutions, Plover enables insurance carriers and brokers to address gaps in traditional insurance offerings, particularly in areas prone to flood, storm, and fire where admitted markets are less willing to provide coverage. Plover's software-driven approach makes backtesting transparent, allowing clients to understand potential payouts based on historical data. </solution> <features> - Parametric insurance solutions for natural catastrophes, weather events, and emerging risks - Data-driven risk assessment and pricing models - Transparent backtesting capabilities to visualize historical policy payouts - Specialty brokerage services for agents and brokers - Access to surplus lines products when admitted markets retreat - Expertise in perils such as named storms, wildfires, earthquakes, floods, weather, tornado, and hail - Coverage for various verticals including high net worth individuals, energy, logistics, agriculture, hospitality, healthcare, and real estate portfolios </features> <target_audience> Plover's primary customers are insurance agents and brokers seeking to provide comprehensive coverage for their clients in areas where traditional insurance options are limited or unavailable, as well as businesses and individuals in high-risk areas. </target_audience> ```
What does Plover Parametrics do?
Plover provides parametric insurance solutions for natural catastrophes and unconventional risks by utilizing advanced data analytics to assess and price coverage based on measurable triggers. This approach enables insurance carriers and brokers to create tailored products that address gaps in traditional insurance offerings, particularly when admitted markets retreat.
Where is Plover Parametrics located?
Plover Parametrics is based in East New York, United States.
When was Plover Parametrics founded?
Plover Parametrics was founded in 2022.
How much funding has Plover Parametrics raised?
Plover Parametrics has raised 10600000.
Who founded Plover Parametrics?
Plover Parametrics was founded by Tommy Peeples.
- Tommy Peeples - Co-Founder/CEO
- Location
- East New York, United States
- Founded
- 2022
- Funding
- 10600000
- Employees
- 6 employees
- Major Investors
- Y Combinator, Liquid 2 Ventures, Terrence Rohan, Twine Ventures, RISE