# Adaptive Insurance > Parametric climate and weather insurance for U\.S\. businesses ## At a glance | Field | Value | | --- | --- | | Category | Specialty Solutions | | Type | Solutions Provider | | Region | NA | | Headquarters | Bee Cave (Austin), Texas, USA | | Founded | 2024 | | Stage | Startup | | Employees | 1-10 | | Funding | Seed | ## Overview Adaptive Insurance is a specialty insurtech company offering parametric insurance products designed to help U.S. businesses manage financial losses from climate and weather-related events. Founded in 2024 and based in the Austin, Texas area, the company targets the estimated USD 181 billion annual global protection gap left by traditional insurance, with an initial focus on the approximately USD 150 billion in losses U.S. businesses sustain annually from power outages. The company's platform uses AI, real-time climate data feeds, and predefined trigger events to deliver coverage that bypasses the conventional claims process. When a verified trigger fires -- such as a grid outage detected by a network of sensors -- payouts are processed automatically, typically within days. Policy issuance takes under five minutes. Products are distributed through brokers, agents, and direct channels, and are backed by A.M. Best-rated carrier partners. Adaptive raised USD 5M in seed funding in February 2025 from Congruent Ventures, Montauk Climate Corp, and Generation Space (the U.S. arm of Seraphim Space). Its flagship product, GridProtect, launched in October 2024 and is now available in 18 states through a capacity partnership with Tokio Marine HCC, covering approximately 2.36 million small and medium-sized enterprises. ## Products & services ### GridProtect GridProtect is a short-term parametric power outage insurance product for businesses. Coverage activates immediately when a weather-related power outage is verified through real-time grid sensor data, removing the 24-hour waiting period typical of conventional business interruption policies. Payouts are predetermined and settled within days. The product integrates with Whisker Labs Ting Insights -- a network of over one million AI-enabled sensors monitoring the U.S. electrical grid in real time -- to deliver hyper-local, near-instantaneous trigger detection. Available in 18 states: Alabama, Arizona, Colorado, Florida, Georgia, Illinois, Indiana, Kansas, Maryland, Minnesota, Missouri, New Jersey, Nevada, New York, Pennsylvania, Texas, Utah, and Wisconsin. **Key features:** - Parametric triggers: automated payout on verified outage event, no claims adjustment required - Real\-time grid monitoring via Whisker Labs Ting Insights sensor network - Policy issuance in under five minutes - No 24\-hour waiting period; coverage activates immediately on trigger *Target users:* Small and medium\-sized businesses; distributed through brokers and agents ### Commercial Deductible Buy\-Back A parametric specialty product that reduces out-of-pocket deductible expenses for commercial businesses following wind, hail, or named storm damage. Backed by A.M. Best-rated carriers. Addresses tens of billions in annual U.S. commercial losses from severe weather events. **Key features:** - Reduces commercial deductible exposure for wind, hail, and named storm claims - Backed by A\.M\. Best\-rated carrier partners - Parametric mechanics for predictable, fast settlements *Target users:* Commercial businesses; distributed through brokers and agents ### Residential Deductible Buy\-Back A parametric product that reduces out-of-pocket deductible costs for homeowners following wind, hail, or named storm damage. Applies the same parametric mechanics as the commercial product to the personal lines market. **Key features:** - Reduces personal lines deductible exposure for weather\-related damage - Parametric settlement approach - Backed by A\.M\. Best\-rated carrier partners *Target users:* Homeowners; distributed through brokers and agents ### Custom Solutions Collaborative specialty insurance programs co-developed with carriers, brokers, agents, and corporate partners seeking tailored climate resilience coverage not available in standard markets. **Key features:** - Bespoke product design for niche climate and weather exposures - Partnership\-driven distribution and underwriting structure *Target users:* Carriers, brokers, corporate partners ## Category & focus - Subcategories: Parametric Insurance, Climate Risk, Weather Insurance - Insurance verticals: P&C Commercial, Specialty/E&S - Target customers: Brokers, Agents/Agencies, Carriers ## Notable customers - Small and medium\-sized businesses across 18 U\.S\. states \(via GridProtect\) ## Links - Website: - Directory profile: - Linkedin: - Press \(launch\): - Press \(tmhcc partnership\): --- *Last updated: 2026\-06\-13*