Riskwolf enables insurers to build and operate parametric insurance for digital risks where fast payouts are critical.
Weather events, power outages, internet and cloud downtime are no longer mere inconveniences; they have a significant and measurable economic impact. Using unique real-time data and dynamic risk modeling, Riskwolf enables insurers to build and operate parametric coverage to allow fast payouts when and where relief is needed most. The InsurTech startup focuses on connectivity and weather-related risks to help protect currently underserved markets.
Riskwolf’s optimized platform delivers customized, parametric insurance to digital platforms and insurers. For the insured, this means automated claims and payouts upon a trigger event. For the insurers, the platform opens up a new market into which any (re)insurer can enter. Founded in 2020, the startup is currently working on a pilot with a leading global reinsurer.
Riskwolf is targeting a multi-billion dollar insurance market that has not been covered, yet. The market potential grows even bigger once Riskwolf includes protection for underserved markets in emerging verticals such as payments, IoT guarantees, industry platforms, and SaaS companies. We see a strong, visionary CEO, Thomas Krapf. Together with his team, they bring years of experience in digitizing the insurance business.
We assess a strong founding team with the relevant experience, an interesting new market, and a sound go-to-market approach as the primary rationale for our decision to make a follow-on investment in this startup.
