Kettle

Kettle is an insurance and reinsurance company that leverages artificial intelligence to protect property owners from catastrophic climate events. Specializing in Commercial E&S Property Insurance, Fire in a Parcel, Parametric Hurricane Reinsurance, and Parametric Wildfire Reinsurance, Kettle’s proprietary AI models assess risk across dozens of variables specific to individual properties. The company’s technology includes models like the Ignition Model, Contagion Model, Building Vulnerability Model, Fire Edge High Resolution Downscaling Model, and Parcel Risk Assessment Model to predict wildfire risk. Kettle’s AI models consume over 130 terabytes of satellite, weather, real estate, and utility data, extracting 70 risk indicators to simulate millions of wildfire scenarios. In 2020, Kettle accurately classified 97% of burned properties in the top quartile of risk in California. Kettle’s Commercial E&S Property Insurance offers full indemnity coverage for commercial properties up to $200M TIV and is available via all approved wholesalers in California, with a limit of up to $10M per risk. Fire in a Parcel provides parametric wildfire insurance for risks of any type or size, with claims paid within 15 days for damages caused by a wildfire impacting the property, and is available via all approved wholesalers in the Continental US, with a limit of up to $10M per risk. The company’s Parametric Wildfire Reinsurance triggers coverage when a wildfire breaches a 1 sq. km. grid cell and is available through all reinsurance brokers in California, with a limit of up to $25M per policy. Similarly, Parametric Hurricane Reinsurance triggers coverage when wind speeds exceed pre-defined thresholds at a 1 sq. km. grid cell and is available through all reinsurance brokers in coastal US states, with a limit of up to $25M per policy.