# Plover Parametrics > Parametric insurance brokerage and software platform for climate, weather, and natural catastrophe risks ## At a glance | Field | Value | | --- | --- | | Category | Specialty Solutions | | Type | Solutions Provider | | Region | NA | | Headquarters | New York, NY | | Founded | 2022 | | Stage | Startup | | Employees | 1-10 | | Funding | Seed | ## Overview Plover Parametrics is a specialty brokerage and software platform for parametric insurance, serving retail agents and brokers in the excess and surplus (E&S) market. The company focuses on climate, weather, and natural catastrophe perils -- including named storm, earthquake, wildfire, flood, tornado, and hail -- and targets industry verticals such as high net worth, logistics, hospitality, energy, agriculture, healthcare, and real estate. The platform gives brokers tools to quantify client climate exposures, run historical backtests, and access structured parametric coverage options. Through the submission workflow at platform.plover.insure, brokers can receive parametric quotes and bind coverage without going through traditional admitted markets. Plover also operates as a software-enabled brokerage that places E&S surplus lines when admitted carriers pull back from climate-exposed accounts. Founded in 2022 by three Palantir alumni -- Max Clarke, Tommy Peeples, and Ranajay Sen -- the company was selected for Y Combinator Winter 2022 and has raised USD 10.2M in total funding, including a USD 5M Seed round in April 2024. In May 2025, Arch Insurance Group acquired the policy forms, IP, and distribution rights for Plover's parametric D&O product; the brokerage and software platform continue to operate independently. ## Products & services ### Parametric Insurance Brokerage A specialty brokerage connecting retail agents and brokers to surplus lines parametric products in the E&S market. Brokers submit risks through the platform and receive structured parametric coverage recommendations and quotes that can be bound for a range of climate and weather perils. **Key features:** - Multi\-peril coverage: named storm, earthquake, wildfire, flood, tornado, hail - E&S surplus lines access for climate\-exposed accounts - Industry vertical focus: high net worth, logistics, hospitality, energy, agriculture, healthcare, real estate *Target users:* Retail agents, independent brokers ### Risk Analysis and Backtesting Platform A broker-facing software tool (platform.plover.insure) for quantifying client climate exposures and running historical parametric policy backtests. Brokers can simulate past payouts by location and trigger parameters to present data-driven parametric solutions to clients. **Key features:** - Historical backtesting by location and trigger - Climate exposure quantification - Transparent data\-driven client presentation tools *Target users:* Retail agents, brokers ### Parametric D&O \(Securities Class Action\) A parametric directors and officers insurance product triggered by securities class action litigation events, offering up to USD 2M in limits with no deductible. Developed in partnership with CRC Group. The policy forms, IP, and distribution rights were acquired by Arch Insurance Group in May 2025. **Key features:** - Parametric trigger based on securities class action filings - Up to USD 2M limits, no deductible - Developed with CRC Group *Target users:* Public and private companies, D&O buyers ### Property Renewal Outsourcing Services for carriers and MGAs managing E&S books affected by climate-driven non-renewals from admitted markets. Supports the transition of property accounts to surplus lines alternatives. **Key features:** - E&S property renewal support - Climate\-driven non\-renewal management - Program administration for carriers and MGAs *Target users:* Carriers, MGAs ## Category & focus - Subcategories: Parametric Insurance, Specialty Brokerage, Risk Analysis - Insurance verticals: Specialty/E&S, P&C Commercial - Target customers: Brokers, Agents/Agencies, Carriers, MGAs/MGUs ## Notable customers - Retail agents and brokers \(unnamed\) ## Links - Website: - Directory profile: - Linkedin: - Platform: - Press/news: --- *Last updated: 2026\-06\-05*