# ZenHedge > Parametric insurance for freight expense risk in truckload operations ## At a glance | Field | Value | | --- | --- | | Category | Specialty Solutions | | Type | Solutions Provider | | Region | NA | | Headquarters | Ann Arbor, Michigan, USA | | Founded | 2019 | | Stage | Startup | | Employees | 1-10 | | Funding | Seed | ## Overview ZenHedge is a parametric insurance solutions provider for shippers managing truckload freight operations. The company analyzes data from Transport Management Systems (TMS) to model lane-level risk and tender rejection probability, enabling data-driven underwriting for freight expense protection in the U.S. market. The platform integrates with shippers' existing TMS infrastructure to aggregate and analyze freight data, generating risk assessments for carrier tender rejections. These assessments support parametric policy structures that pay out when defined trigger conditions -- such as tender rejection rates -- are met, removing the need for traditional loss adjustment. Founded in 2019 by Krishnan Kandasamy, ZenHedge launched its first product, Freight Expense Insurance, in January 2026 through a partnership with Apollo (a Skyward Group company), a Lloyd's-approved coverholder. The company operates in a niche segment addressing freight budget volatility and spot market rate exposure for U.S. shippers. ## Products & services ### Freight Expense Insurance A parametric insurance product co-developed and launched with Apollo (Skyward Group) in January 2026. The product covers U.S. shippers against increased freight costs resulting from carrier tender rejections. Coverage is triggered parametrically based on rejection data rather than traditional loss adjustment. **Key features:** - TMS data integration for lane\-level risk assessment - Parametric trigger mechanism based on tender rejection events - Lloyd's\-approved policy structure via Apollo coverholder - Addresses spot market rate volatility and budget instability *Target users:* U\.S\. shippers managing truckload freight procurement via contracted or spot market tenders ### Risk Modeling Platform The underlying ZenHedge analytics engine processes TMS data to produce lane-level freight risk models. The platform assesses tender rejection probability and freight rate exposure to support underwriting and risk transfer decisions. **Key features:** - Transport Management System data ingestion and analysis - Tender rejection probability modeling by lane - Freight rate volatility assessment - Supply chain disruption exposure quantification *Target users:* Logistics and supply chain risk managers; insurance underwriters for commercial freight programs ## Category & focus - Subcategories: Parametric Insurance, Risk Modeling, Freight Analytics - Insurance verticals: Specialty/E&S - Target customers: Carriers, Brokers, MGAs/MGUs ## Notable customers - Apollo \(Skyward Group Company\) \-\- underwriting and distribution partner for Freight Expense Insurance ## Links - Website: - Directory profile: - Linkedin: --- *Last updated: 2026\-06\-22*