Kita

What Kita does

Kita (legal entity: Kita Earth Limited) is the world's first carbon insurance specialist, founded in December 2021 and headquartered at Lloyd's of London. The company operates as a Lloyd's of London Coverholder and is authorised and regulated by the UK Financial Conduct Authority (FRN 998549). Its core function is underwriting insurance products that address risk gaps in the voluntary carbon market and natural capital asset classes, specifically delivery risk, counterparty credit risk, project failure risk, buffer depletion risk, and political risk.

Kita's product portfolio comprises six core insurance lines (Carbon Purchase Protection Cover, Non-Delivery Insurance, Non-Payment Insurance for lenders, Project Failure Insurance, Buffer Depletion Protection Cover, and Political Risk Insurance) spanning project types including forestry, biochar, enhanced rock weathering, mangrove, and soil organic carbon projects. These are complemented by four risk advisory services (Risk Assessment, Buffer as a Service, Portfolio as a Service, and Active Risk Monitoring). A structural differentiator is Kita's Carbon Supplier Pool, which enables eligible claims to be paid in replacement carbon credits from founding members Everland, Pachama, Vertree, and Respira, or in cash, a model the company was first to offer globally.

Kita generates revenue through annual insurance premiums and professional services fees for risk advisory engagements, with custom quote-based pricing. Distribution is primarily direct enterprise sales supplemented by an insurance broker channel. Underwriting capacity is provided by A-rated Lloyd's syndicates including Chaucer (lead), Munich Re Syndicate, RenaissanceRe, MS Amlin, and Tokio Marine Kiln. To date, Kita has raised approximately £4.35m across a pre-seed round (June 2022, led by Insurtech Gateway) and a seed round (February 2023, led by Octopus Ventures) and operates with 11-50 employees.

Name

Kita

Legal name

Kita Earth Limited

Website

https://kita.earth

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Kita is the world's first carbon insurance specialist, operating as a Lloyd's of London Coverholder to underwrite delivery, counterparty, political, and buffer depletion risk for carbon and natural capital projects, serving credit buyers, lenders, developers, and standards organizations.

Ownership category

akta.pro rank

Product category

Specialty Insurance (Carbon Insurance)

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Other Direct Insurance (except Life, Health, and Medical) Carriers (524128), Insurance Carriers and Related Activities (524)

SIC

Insurance Carriers, Nec (6399), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Carbon Hedging, Risk Management & Analytics (Pricing, VaR, Scenario Analysis) (EUABADAG)

akta.pro secondary industries

Carbon Finance & Investment Advisory (Project Finance, Funds, SPVs) (EUABADAD), Environmental / Pollution Liability (FSAJAGAF)

Keywords

• Carbon insurance
• Voluntary carbon market
• Climate risk insurance
• Carbon credit protection
• Natural capital insurance

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Carbon Insurance Premiums: Kita generates revenue through annual insurance premiums charged for carbon insurance policies including Carbon Purchase Protection Cover, Non-Delivery Insurance, Non-Payment Insurance, Project Failure Insurance, Buffer Depletion Insurance, and Political Risk Insurance. Premiums are paid by carbon credit buyers, investors, and project developers seeking protection against various carbon market risks.
2. Risk Advisory Services: Revenue generated from risk advisory services including Risk Assessments (bespoke appraisal of project risk and insurability), Buffer as a Service (for Carbon Standards), and Portfolio as a Service (for companies holding carbon credit portfolios).

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Kita is a specialist insurance provider underwriting policies that cover risks affecting carbon market participants. It sells a portfolio of insurance products — Carbon Purchase Protection Cover, Non-Delivery Insurance, Non-Payment Insurance, Project Failure Insurance, Buffer Depletion Protection Cover, and Political Risk Insurance — alongside risk advisory services (Risk Assessment, Buffer as a Service, Portfolio as a Service, Active Risk Monitoring) covering delivery, counterparty, political, and buffer depletion risks across forestry, biochar, enhanced rock weathering, mangrove, and soil organic carbon projects. Policies are issued as a Lloyd's of London Coverholder, with the option for claims to be paid in cash or replacement carbon credits.

Product overview

Kita is a carbon insurance specialist offering a portfolio of insurance products and risk advisory services for the voluntary carbon market and natural capital asset classes. Its insurance offerings span across project lifecycles: Carbon Purchase Protection Cover (flagship non-delivery/non-payment product), Non-Delivery Insurance, Non-Payment Insurance (NPI/Lender Protection), Project Failure Insurance, Buffer Depletion Protection Cover, Political Risk Insurance, Soil Organic Carbon Insurance, Enhanced Rock Weathering Insurance, and Biochar Delivery Risk Insurance. These core products cover delivery risk, counterparty credit risk, political risk, and buffer depletion risk across project types including terrestrial forestry, biochar, enhanced rock weathering, mangroves, and soil organic carbon. Kita's risk advisory services — Risk Assessment, Buffer as a Service, Portfolio as a Service, and Active Risk Monitoring Services — provide technology-enabled insights and data analysis for due diligence and proactive risk mitigation across individual projects or entire portfolios. Kita was the first insurance provider to offer claims payment in cash or replacement carbon credits via its Carbon Supplier Pool. All policies are underwritten as a Lloyd's of London Coverholder.

Differentiator

Problem solved

Functional benefit

Products and services

• Carbon Purchase Protection Cover Flagship insurance product protecting buyers of forward-purchased carbon credits against under-delivery risk, including project failure, natural catastrophes, and fraud or negligence invalidating credits prior to delivery.
• Non-Delivery Insurance Insurance protecting buyers of carbon credits against the risk that a carbon project fails to deliver the expected volumes of credits, covering scenarios from project underperformance to reversal events.
• Non-Payment Insurance (NPI) / Lender Protection Policy Insurance protecting lenders financing carbon and natural capital projects against counterparty credit risk and non-payment, transferring risk to A-rated insurance balance sheets.
• Project Failure Insurance Insurance covering the risk of carbon project failure due to operational, technical, or financial issues that prevent the project from generating or delivering expected carbon credits.
• Buffer Depletion Protection Cover World-first insurance policy protecting Carbon Standards' carbon credit buffer pools against depletion events, providing a creditworthy financial backstop and resilience against unexpected reversal losses; first live with Wilder Carbon.
• Political Risk Insurance Insurance covering political risks for carbon credit project developers, including corresponding adjustments and risks under Article 6 mechanisms; partnered with Tokio Marine Kiln.
• Soil Organic Carbon Insurance Insurance product covering soil organic carbon projects, part of Kita's expanded ability to insure additional project types beyond forestry, biochar, enhanced rock weathering, and mangroves.
• Enhanced Rock Weathering Insurance Insurance product covering enhanced rock weathering (ERW) carbon dioxide removal projects, which involve grinding silicate rocks and spreading them over land to accelerate natural CO2 sequestration.
• Biochar Delivery Risk Insurance Delivery risk insurance product for biochar carbon removal projects, exclusively available to projects certified under the Puro Standard, developed in partnership with Puro.earth with a proprietary risk framework built with GECA Environnement.
• Risk Assessment Bespoke appraisal of a project's technical, commercial, and political risk and insurability, typically provided during due diligence to enable investment decisions for clients requiring insurance as part of an investment.
• Buffer as a Service Independent risk management service for a pool of carbon credits, helping Carbon Standards reduce risk and increase operational efficiency of their buffer pools.
• Portfolio as a Service Independent risk management service for companies holding a portfolio of carbon credits, providing proactive risk monitoring and mitigation on a portfolio basis.
• Active Risk Monitoring Services Full-spectrum active risk monitoring services for insured projects, providing ongoing value-add monitoring to manage long-term risk throughout the policy term.

Quantifiable outcome

• 450% increase in underwriting capacity to £22.5m/€22.5m
• +1 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• International Carbon Registry (iCR)coreStrategic or Co-development Partner · 16 June 2026iCR announced every project registered on its platform will carry a Kita risk assessment with optional insurance eligibility, making iCR the first and only global carbon registry to mandate third-party ratings and financial-grade risk assessment across all registered projects.
• GallaghercoreStrategic or Co-development Partner · 20 April 2026Partnered with Kita to launch an 'industry-first' risk intelligence consulting service for carbon removal projects. The service provides holistic risk reports combining carbon risk analysis with business risk assessments for buyers, sellers, and investors.
• Howden and MarshminorStrategic or Co-development Partner · 12 June 2025Executives from Howden, Marsh, and Kita participated in a London Tech Week 2025 panel on insurance's role in climate tech and the green transition.
• Wilder CarboncoreStrategic or Co-development Partner · 18 June 2024World's first 'Buffer Insurance' policy announced - protecting Wilder Carbon's buffer pool against depletion events. Insurance ensures buyers of carbon credits remain whole in case of buffer depletion from reversal events.
• PYREGcoreStrategic or Co-development Partner · 22 November 2023MOU to structure carbon insurance for the world's largest biochar carbon removal project pool. PYREG's Climate Finance Solution targets deploying carbonisation systems for 150 biochar projects by 2040 with potential to sequester 4 million tonnes of CO2.
• Ecosystem Restoration Standard (ERS)coreStrategic or Co-development Partner · 31 October 2023Signed Letter of Intent to operationalize innovative insurance for ERS's carbon buffer pool. The partnership aims to strengthen market confidence and drive financing to scale high-quality carbon removal solutions through buffer-insurance integration.
• Everland, Pachama, Vertree, Respira (Carbon Supplier Pool)coreStrategic or Co-development Partner · 12 October 2023Founding members of Kita's proprietary Carbon Supplier Pool. These leaders in high-integrity carbon credits have signed Letters of Intent to operationalize paying insurance claims in replacement carbon credits.
• Puro.earthcoreStrategic or Co-development Partner · 5 October 2023Partnership with ICROA-backed carbon standard to offer biochar insurance exclusively to Puro-certified biochar projects. Puro.earth brought the first ever biochar carbon removal crediting methodology to market in 2019.
• GECA EnvironnementminorStrategic or Co-development Partner · 5 October 2023Collaborated with Kita to develop a proprietary risk framework for assessing and pricing risks related to biochar carbon removal. GECA is one of the most knowledgeable private consulting firms in pyrolysis and biochar.
• BeZero CarboncoreStrategic or Co-development Partner · 12 April 2023Published joint report 'The Three Pillars of Integrity in the Carbon Removal Market' exploring how traditional capital market mechanisms including insurance, ratings, and MRV can unlock growth in carbon removal markets.
• ESA BIC UK at Space Park LeicesterminorStrategic or Co-development Partner · 1 November 2022Kita became the third organization to join the ESA Business Incubation Centre UK programme at Space Park Leicester, gaining access to desk space, expertise, and satellite technologies for remote monitoring of carbon projects.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Munich Re: Global reinsurer providing follow capacity for Kita and a broad incumbent across specialty P&C including environmental and climate risk. Comparable as both capacity partner and potential long-term competitor.
• RenaissanceRe: Specialty reinsurer providing follow capacity for Kita's Carbon Purchase Protection Cover, with comparable expertise in catastrophe and emerging risk classes.
• Gallagher: Global insurance broker partnered with Kita on carbon removal risk consulting; broad incumbent broker that competes for placement of environmental and specialty risks.
• Swiss Re: Global reinsurer actively developing climate and nature-based insurance solutions; broad incumbent most likely to launch competing carbon insurance products at scale.

Direct peers

• Chaucer Group: Specialty (re)insurer and core capacity provider for Kita's carbon insurance products. Directly comparable as a specialty Lloyd's carrier underwriting environmental and emerging risk classes.
• Tokio Marine Kiln: Capacity provider for Kita's political risk and NPI products and a specialty Lloyd's insurer operating in similar emerging-risk categories.
• MS Amlin: Lead capacity provider for Kita's Non-Payment Insurance product and a specialty Lloyd's market insurer with overlapping environmental and political risk classes.

Emerging players

• Sylvera: Carbon credit ratings and data provider addressing project-quality risk; adjacent to Kita's risk assessment and advisory services within the VCM risk infrastructure layer.
• BeZero Carbon: Carbon ratings agency collaborating with Kita on integrity-pillar research; adjacent emerging player in the same carbon risk infrastructure stack.
• Puro.earth: Carbon removal standard (biochar, geological storage) that is a strategic partner for Kita's biochar insurance product; comparable as ecosystem participant serving CDR project developers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kitaearth

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds3 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kita