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ChAI Insurance

Raw material prices are unpredictable -- your costs do not have to be.

Specialty Solutions Growth Seed
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Overview

ChAI Insurance (Commodities AI Limited) is a parametric insurance and commodity market intelligence provider serving procurement teams, risk managers, and industrial buyers exposed to raw material price volatility. Operating under FCA authorisation (FRN: 1041595), the company targets businesses in FMCG, pharmaceuticals, automotive, and food production that lack access to affordable commodity hedging through traditional derivatives markets.

The company offers two products: ChAI Protect, a parametric insurance product that triggers automatic payouts when a commodity price exceeds a specified strike price, and ChAI Insight, a daily-updated analytics platform that provides AI-driven commodity price forecasts across metals, energies, plastics, and agricultural commodities. ChAI Insight generates probabilistic price distributions rather than single-point forecasts, using proprietary machine learning models trained on satellite imagery of mines and farms, maritime vessel tracking data, currency data, and inventory levels. The same forecasting models underpin the pricing and loss ratio management of ChAI Protect.

Founded by a team from Aspect Capital, UBS, and UCL, ChAI has backed by Seraphim Space, Insurtech Gateway, Passion Capital, Primo Space, 2050 Capital, MMC Ventures, and Dynamo VC across two seed rounds. Customers on the ChAI Protect platform at launch included large publicly traded firms; logo-wall clients include Mondelez International, Network Rail, Veolia, and AB InBev. In May 2026, ChAI announced a strategic partnership with Lockton to combine commodity risk reporting with brokerage advisory services.

Products & Services

ChAI Protect

Parametric insurance product protecting companies against commodity price swings for raw materials that lack accessible hedging options. When a tracked commodity price rises above a pre-agreed strike price, a claim triggers automatically -- policyholders receive the difference between the closing price and the strike price. Underwritten by tier-one, A-rated underwriters and regulated by the FCA.

Key Features

  • Automatic claim trigger based on published commodity price data -- no loss adjustment required
  • Covers metals, energies, plastics, and agricultural commodities
  • Accessible pricing enabled by ChAI proprietary forecasting models
  • Targets SMEs through Fortune 500 companies

Target Users: Procurement managers and CFOs in FMCG, pharmaceutical, automotive, and food production sectors

ChAI Insight

Commodity market intelligence and analytics platform delivering institutional-grade price forecasts updated daily. Forecasts are presented as probability distributions of outcomes rather than point estimates, giving risk managers the ability to model multiple scenarios. Holds a data-licensing agreement with S&P Global Commodity Insights. Unregulated analytics product, distinct from the FCA-regulated insurance offering.

Key Features

  • Daily-updated commodity price forecasts across metals, energies, plastics, and agricultural commodities
  • Probabilistic distribution forecasts for scenario modelling
  • Machine learning models trained on satellite imagery, maritime data, currency, and inventory signals
  • Forecasts up to one year ahead

Target Users: Procurement professionals, risk managers, commodity traders, and industry analysts

At a Glance

Founded
2019
Headquarters
London, United Kingdom
Employees
11-50
Funding
Seed

Category & Focus

Category
Specialty Solutions
Subcategories
Parametric Insurance Risk Analytics Commodity Price Intelligence
Insurance Verticals
Specialty/E&S
Target Customers
Carriers, Brokers, MGAs/MGUs, Employers

Customers

  • Mondelez International (FMCG)
  • Network Rail (UK infrastructure)
  • Veolia (environmental services)
  • AB InBev (global brewing/FMCG)
  • Good Mills Group

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Last updated: 2026-06-13