Kettle
Kettle is a Cayman-based AI insurtech providing property insurance and reinsurance for wildfire-exposed commercial and residential customers. It uses proprietary deep-learning models trained on satellite, weather, and property data to underwrite and price wildfire risk across the United States.
- Company typePrivate
- Founded2020
- HeadquartersHamilton, Bermuda
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Kettle does
Kettle is a Cayman-domiciled insurtech that builds AI-driven property insurance and reinsurance products for wildfire-exposed commercial and residential customers in the United States. The company was founded in 2020 to address coverage withdrawals and rate shocks caused by climate-driven wildfire risk, primarily in California, and now operates across California, Nevada, and the broader Continental US for parametric products. Its target customers include homeowners associations, universities, office parks, resorts, high-value homes, and vineyards that have been dropped or rate-increased by traditional carriers.
Kettle's underlying technology is a stack of proprietary machine-learning models trained on over 130 terabytes of satellite, weather, real estate, and utility data sourced from NASA, NOAA, and the European Space Agency. The stack comprises an Ignition Model that segments California into 419,000 micro-grids, a Contagion/Spread Model built on deep long short-term memory convolutional neural networks, a Building Vulnerability Model, a Fire Edge High-Resolution Downscaling Model, and a Parcel Risk Assessment Model. Together these generate more than 2 million wildfire footprints at 100-meter resolution and extract 70 risk indicators to score individual properties; the Genesis Model is reported at 89.2% accuracy and the system is stated to have correctly classified 97.23% of California's burned properties over a four-year window.
Kettle monetizes through three core products: Commercial E&S Property Insurance (full indemnity, up to $200M TIV, $10M per risk, California and Nevada), Fire in a Parcel (parametric wildfire insurance with 15-day claims payment, up to $10M per risk, Continental US), and Parametric Wildfire Reinsurance. Distribution runs through approved wholesalers and a strategic underwriting and equity partnership with RLI / Mt. Hawley Insurance Company (A++ AM Best). Revenue is premium-based and recurring, with quote-based pricing that is not publicly disclosed.
Kettle firmographics
Firmographics- Name
- Kettle
- Legal name
- Our Kettle
- Website
- https://ourkettle.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Kettle is a Cayman-based AI insurtech providing property insurance and reinsurance for wildfire-exposed commercial and residential customers. It uses proprietary deep-learning models trained on satellite, weather, and property data to underwrite and price wildfire risk across the United States.
- Ownership category
- akta.pro rank
Kettle industry classification
Industry- Product category
- Wildfire Insurance and Reinsurance
- NAICS
- Reinsurance Carriers (52413), Direct Property and Casualty Insurance Carriers (524126)
- SIC
- Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Natural Catastrophe Reinsurance (NatCat) (FSAOACAD)
- akta.pro secondary industries
- Risk Scoring, Hazard & Geospatial Analytics (FSAOAIAE), Insurance Underwriting, Pricing & Accumulation Tools (P&C, Specialty, Parametric) (EUABALAF)
Keywords
Where Kettle is headquartered
LocationHeadquarters
- HQ city
- Hamilton
- HQ country
- Bermuda
Offices1 record
Markets served
Kettle business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Commercial E&S Property Insurance Premiums: Full indemnity coverage for commercial properties up to $200M TIV. Distributed via approved wholesalers in California and Nevada. Limits up to $10M per risk.
- Parametric Wildfire Insurance (Fire in a Parcel): Parametric wildfire insurance paying claims within 15 days when wildfire impacts property. Available for risks of any type or size up to $10M per risk across Continental US.
- Wildfire Reinsurance: Provides reinsurance coverage for wildfire risk to other insurers and reinsurers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Commercial E&S Property Insurance - Full indemnity coverage |
| Other | Annual | Fire in a Parcel - Parametric Wildfire Insurance |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels3 records
Kettle product offering
Product offeringCore offering
Kettle provides AI-powered commercial property insurance and parametric wildfire reinsurance for property owners in areas affected by catastrophic climate events. The company sells full-indemnity Commercial E&S Property Insurance (up to $200M TIV, $10M per risk) in California and Nevada, parametric "Fire in a Parcel" coverage (claims paid within 15 days) across the Continental US, and Wildfire Reinsurance to other carriers. Products are priced and underwritten using proprietary machine learning models that consume satellite, weather, real estate, and utility data to predict wildfire ignition, spread, and building vulnerability at parcel-level resolution.
Product overview
Kettle is an AI-enabled insurance and reinsurance company that provides property insurance and reinsurance for property owners in areas affected by catastrophic climate events, particularly wildfire. The product portfolio includes Commercial E&S Property Insurance (full indemnity coverage for commercial properties in California and Nevada) and Fire in a Parcel (parametric wildfire insurance covering risks of any type or size across the Continental US), along with Parametric Wildfire Reinsurance solutions. All products leverage Kettle's proprietary AI models that predict wildfire risk using satellite, weather, real estate, and utility data.
Differentiator
Problem solved
Functional benefit
Brands
- Commercial E&S Property Insurance: Full indemnity coverage for commercial properties up to $200M TIV in California and Nevada.
- Fire in a Parcel
Products and services
- Commercial E&S Property Insurance Full indemnity coverage for commercial properties up to $200M TIV in California and Nevada, distributed via approved wholesalers with limits up to $10M per risk (ground up, primary, or loss limit). Targets HOAs, universities, resorts, office campuses, high-value homes, and vineyards that have been dropped or face punitive pricing from traditional insurers due to wildfire risk.
- Fire in a Parcel Parametric wildfire insurance for risks of any type or size across the Continental US, with claims paid within 15 days for damages caused by wildfire impacting the property. Available via approved wholesalers with limits up to $10M per risk.
- Parametric Wildfire Reinsurance Reinsurance solutions for wildfire risk offered to other insurers and reinsurers, helping reduce the cost of wildfire reinsurance and home insurance in California. Supports Kettle's mission to provide reinsurance coverage for wildfire, operating under Cayman's Biii license structure that allows tech-forward MGAs to participate in risk.
Quantifiable outcome
- Kettle successfully predicted 97.23% of CA's burned properties over 4 years
- +3 more outcomes
Companies that use Kettle
Customer profileNamed customers2 records
Segments5 records
Ideal customer profiles3 records
Kettle technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature7 records
Kettle partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- RLIcoreKettle partnered with RLI to launch a new multi-peril commercial property insurance product covering wildfire and all other perils for commercial properties in California and Nevada. Coverage underwritten by Mt. Hawley Insurance Company (A+ AM Best rating).
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
Kettle competitors and assessment
Company assessmentDirect peers
- Zesty.ai: AI-driven property risk analytics company specializing in wildfire and climate risk scoring for insurance carriers. Zesty.ai is a direct competitor to Kettle, offering similar AI-based wildfire risk models to insurers and reinsurers.
- Cape Analytics: AI-powered property intelligence platform using aerial imagery and ML to assess building and property-level risk for insurance carriers. Comparable to Kettle in applying geospatial AI to underwriting-grade property risk insights.
- Descartes Underwriting: Paris-based parametric insurance startup using advanced risk modeling for climate and natural catastrophe risks. Comparable to Kettle in leveraging proprietary models and parametric structures to address climate-exposed property risks.
Emerging players
- Conduit Re: Bermuda-based specialty reinsurance startup with a technology-led underwriting platform. Comparable to Kettle as a younger, tech-forward reinsurer pursuing differentiated risk selection versus legacy reinsurers.
- Cytora: AI risk analytics platform for commercial insurance underwriting. Comparable to Kettle in applying ML and external data to digitize and improve underwriting precision across property and casualty lines.
- Palomar Holdings: US specialty insurer with a focus on earthquake and catastrophe-exposed residential and commercial property. Comparable to Kettle in its specialty/catastrophe focus and reliance on advanced modeling to underwrite non-standard perils.
- Accelerant: Tech-enabled specialty insurance platform connecting underwriters and risk capital. Comparable to Kettle in using a data-driven, modern operating model to serve under-served commercial insurance segments.
Others
- Jupiter Intelligence: Climate risk analytics platform serving insurers, reinsurers, and financial institutions with physical climate risk models. Comparable to Kettle as an adjacent climate-risk analytics provider, though Jupiter focuses on data/insights rather than direct risk-bearing.
- Climate X: Climate risk analytics firm providing physical and transition risk data to financial services and insurance clients. Comparable to Kettle as a climate-risk modeling peer serving the insurance value chain, though not a direct risk-taker.
Broad incumbents
- Munich Re: Global incumbent reinsurer writing significant natural catastrophe and property reinsurance, with substantial internal AI and risk-modeling investment. Comparable to Kettle as a catastrophe-reinsurance counterparty and competitor for cedent relationships, though at vastly greater scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Kettle social profiles
Digital presenceKettle financial estimates
Financial estimateRevenue estimate
Valuation estimate
Kettle leadership team
Management profileNumber of profiles
Profiles24 records
Kettle funding detail
Funding detailFunding overview
Funding rounds2 records
Investors11 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Kettle M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Kettle
What does Kettle do?
Kettle provides AI-powered commercial property insurance and parametric wildfire reinsurance for property owners in areas affected by catastrophic climate events. The company sells full-indemnity Commercial E&S Property Insurance (up to $200M TIV, $10M per risk) in California and Nevada, parametric "Fire in a Parcel" coverage (claims paid within 15 days) across the Continental US, and Wildfire Reinsurance to other carriers. Products are priced and underwritten using proprietary machine learning models that consume satellite, weather, real estate, and utility data to predict wildfire ignition, spread, and building vulnerability at parcel-level resolution.
Is Kettle a public or private company?
Kettle is a private company. It is classified as venture growth investor backed and is currently operating.
When was Kettle founded?
Kettle was founded in 2020. It employs 11 to 50 people.
Where is Kettle based?
Kettle is headquartered in Hamilton, Bermuda.
How does Kettle make money?
Three revenue lines are on record. Commercial E&S Property Insurance Premiums are the primary driver. The others are parametric Wildfire Insurance (Fire in a Parcel) and wildfire Reinsurance.
Who are Kettle's main competitors?
Direct peers on record are Zesty.ai, Cape Analytics and Descartes Underwriting. Emerging players are Conduit Re, Cytora, Palomar Holdings and Accelerant. Others are Jupiter Intelligence and Climate X. Munich Re is listed as a broad incumbent.
Does Kettle have an API?
No public API is recorded for Kettle.
What industry is Kettle in?
Kettle's product category is Wildfire Insurance and Reinsurance. Its primary akta.pro industry code is FSAOACAD, Natural Catastrophe Reinsurance (NatCat), with a secondary code of FSAOAIAE, Risk Scoring, Hazard & Geospatial Analytics. Its NAICS code is 52413 and its SIC code is 6331.