Plover Parametrics

Plover Parametrics, located in San Francisco, CA, is a fintech company that operates within the insurance sub-industry. With a small team of three, the company emerged from the Y-Combinator batch W22 and serves regions in the United States and Canada. Plover Parametrics is dedicated to enhancing the insurance sector’s ability to quickly design and economically manage new insurance products, particularly those addressing emerging risks such as climate change. The company identifies a growing market for uninsured climate risks, valued at over $180 billion annually, and provides a software platform that assists insurers in structuring, pricing, and selling event-driven insurance products. Their technology integrates advanced data fusion techniques to mitigate data gaps and reduce basis risk, and includes features like dynamic First Notice of Loss and support for standardized product offerings. Plover Parametrics collaborates closely with insurance carriers and brokers, offering tools and services that facilitate the development of new insurance products, aid in pricing strategies, and enhance risk selection processes. The company’s innovative approach not only helps unlock new risk markets and geographies but also supports the insurance industry in adapting to and insuring against the challenges posed by climate change.