“While fully-automated insurance holds the key to insuring the most vulnerable against ever-more frequent climate disasters, the obstacles to fully implement these programs at scale are incredibly complex. Our team hands off an end to end, fully operational, tailor-made solution that can be embedded in our partner’s existing channels, facilitating their claim response to end users” expressed Jonathan González, co-founder and CEO of Raincoat. “We gather all industry and local regulations, capacity, science, data and software development to deliver an automated parametric insurance product that covers all the stages of a policy lifecycle.”

https://www.bnamericas.com/en/news/raincoat-raises-45m-seed-round-to-introduce-climate-disaster-insurance-for-a-new-era