Artio

What Artio does

Artio is a London-based climate insurtech founded in 2024 that provides insurance products specifically designed for early-stage carbon credit projects — coverage that traditional insurers have historically declined to write. The company serves four primary enterprise segments: carbon credit buyers seeking protection against delivery shortfalls, lenders providing debt facilities into carbon projects, project developers needing insurability assessments, and CORSIA-eligible developers facing letter-of-authorisation and double-counting risk. Artio operates through two UK entities (Artio Carbon Limited as parent and Artio MGA Services Limited as a Lloyd's coverholder and Appointed Representative of D A Strategy Limited), and joined Lloyd's Lab Cohort 13 in October 2024 before attaining Lloyd's coverholder status in May 2025.

Artio's core products comprise Non-Delivery Cover, Non-Payment Cover (up to 7-year tenor for lenders), CORSIA Adjustment Cover (approved by both Gold Standard and Verra), a free Insurability Assessment service, and the Artio Risk Engine — a proprietary AI/ML platform that combines carbon sequestration modelling, satellite-based biomass monitoring, and climate risk modelling (fire, flood, cyclone, drought) using IPCC SSP scenarios, CLIMADA, and 120,000+ species-specific allometric data points. The platform processes structured species data and satellite imagery (Sentinel-2, MODIS, Landsat-8) and is validated against historical fire, flood, and cyclone events.

Revenue is generated primarily through premium-based specialty insurance underwritten on a Lloyd's coverholder basis with capacity provided by Tokio Marine HCC (AA-), Markel (A+), and Apollo. Pricing is quote-based with no public price list; lead generation is driven by free insurability assessments and content marketing (blog, webinars, joint research with AlliedOffsets). Distribution combines a self-serve underwriting platform (app.artiocarbon.com) with channel partners including Gallagher Re's Green Solutions team. The company has raised £550k in pre-seed funding (Lifetime Ventures, SFC Capital) and employs 1-10 staff.

Name

Artio

Legal name

Artio Carbon Limited

Website

https://artiocarbon.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Short description

Artio is a London-based climate insurtech that provides Lloyd's-backed specialty insurance covering early-stage carbon credit projects from pre-feasibility through full maturity, serving carbon credit buyers, project lenders, developers, and CORSIA-eligible projects.

Ownership category

akta.pro rank

Product category

Carbon Credit Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

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

akta.pro secondary industry

Project-Originated Carbon Credit Marketing & Offtake (Primary Market) (EUAGAIAC)

Keywords

• Carbon credit insurance
• Climate insurtech
• Carbon risk modelling
• CORSIA adjustment cover
• Carbon project underwriting

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Carbon Credit Non-Delivery Insurance: Premium-based insurance product covering carbon credit buyers against delivery shortfalls due to carbon underperformance, natural catastrophes, construction/technology failures, developer financial distress, fraud, methodology registration failure, or political risks. Coverage extends from pre-feasibility through full project maturity. Claims settled in cash or replacement in-kind credits.
2. Non-Payment Insurance: Covers lenders deploying debt facilities into carbon projects against buyer default. Policy tenor up to 7 years. Can support capital relief against regulatory requirements. Premium-based.
3. CORSIA Adjustment Cover: Specialist coverage for carbon project developers under CORSIA (international aviation offsetting scheme), covering risks of LoA revocation or Corresponding Adjustment Failure. Provides 48-hour quote turnaround via online platform. Approved by Gold Standard and Verra.
4. Insurability Assessments (Free Lead Generation): Free, confidential insurability assessments for project developers to identify insurability and provide actionable risk reduction feedback. Generates qualified sales leads and positions Artio for subsequent paid coverage. Assessment turnaround as fast as 2 days.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Artio sells specialty carbon credit insurance products—Non-Delivery Cover, Non-Payment Cover, and CORSIA Adjustment Cover—that protect carbon credit buyers, lenders, and project developers against delivery shortfalls, borrower default, and aviation offsetting scheme risks from the pre-feasibility stage through full project maturity. Coverage is underwritten using Artio's proprietary data-driven Risk Engine, with quotations delivered in as little as 48 hours via an online underwriting platform, and is backed by institutional capacity from Tokio Marine HCC, Markel, and Apollo as a Lloyd's coverholder.

Product overview

Artio is a carbon insurance platform offering a portfolio of insurance products and risk intelligence services. The core offerings include Non-Delivery Cover (protecting carbon credit buyers from project under-delivery), Non-Payment Cover (protecting lenders' debt facilities), and CORSIA Adjustment Cover (protecting against aviation offsetting scheme risks). These insurance products are powered by the proprietary Artio Risk Engine, which provides real-time monitoring, carbon sequestration forecasting, biomass mapping, and climate risk modelling. An Insurability Assessment service provides free preliminary evaluations to support funding conversations. The platform covers all stages from pre-feasibility investment through to full project maturity.

Differentiator

Problem solved

Functional benefit

Brands

• Artio Risk Engine: Proprietary predictive risk engine for carbon projects including dynamic real-time insights, biomass monitoring, carbon sequestration forecasts, and climate risk indicators.

Products and services

• Non-Delivery Cover Insurance coverage for carbon credit buyers that protects against under-delivery of contracted credits due to carbon underperformance, natural catastrophes, construction issues, technology failures, developer financial distress, fraud, methodology registration failure, or political risks. Coverage spans from pre-feasibility through full project maturity, with quote turnaround in as little as 2 days and claims settled in cash or replacement in-kind credits.
• Non-Payment Cover Insurance covering principal plus interest of debt facilities into carbon projects from day one, protecting lenders (banks, climate funds, credit investors, and impact financiers) against non-repayment arising from project delivery failures. Policy tenor can extend up to 7 years to match loan terms and can support capital relief against regulatory requirements, with quotes delivered in as little as 5 days.
• CORSIA Adjustment Cover Insurance coverage for carbon project developers protecting against CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation) risks including revocation of Letters of Authorisation (LoA) and Corresponding Adjustment Failure by host countries. Approved by both Gold Standard and Verra for use within their CORSIA frameworks, with policies assessed by Howden to safeguard against double counting.
• Insurability Assessment Free confidential assessment for carbon project developers indicating whether a project is insurable, accompanied by actionable risk-reduction feedback for non-insurable projects. Outputs include an Insurability Letter and detailed Insurability Assessment report that can support funding conversations with investors and lenders.
• Risk Insights / Artio Risk Engine Bespoke risk advisory service providing real-time monitoring of carbon projects including biomass monitoring, carbon sequestration forecasts, and climate risk indicators (fire, flood, drought, storm exposure). Features carbon modelling, high-resolution 10-metre biomass maps via satellite imagery, and custom climate risk impact functions powered by the proprietary Artio Risk Engine.

Quantifiable outcome

• Insurance can unlock 64 million CORSIA credits by de-risking host-country authorisations (LoAs)
• +5 more outcomes

Named customers2 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

AI capability7 records

Feature7 records

Partnerships

Six partnerships are on record, tiered core.

• AlliedOffsetscoreStrategic or Co-development Partner · 13 April 2026Artio and AlliedOffsets published the joint CORSIA Market Forecast 2026 report, analysing CORSIA supply dynamics and demonstrating that insurance is the essential lever for CORSIA's success, capable of unlocking 64 million credits. The partnership combines Artio's insurance expertise with AlliedOffsets' market data and policy intelligence.
• VerracoreTechnology or Integration · 2 January 2026Verra approved Artio's CORSIA Adjustment Cover. Artio joins a select group of insurance providers offering essential coverage to developers seeking eligibility under CORSIA. Policies are assessed by Howden to safeguard against double counting and maintain Verra certified credit standards.
• Gold StandardcoreTechnology or Integration · 7 November 2025Gold Standard approved Artio's CORSIA Adjustment Cover for use within its CORSIA frameworks. The approval means Artio joins a select group of insurance providers offering coverage to project developers seeking eligibility under CORSIA Phase One. Policies are assessed by Howden.
• Lloyd's of LondoncoreStrategic or Co-development Partner · 1 May 2025Artio achieved Lloyd's coverholder status in May 2025, becoming the first insurer approved by Lloyd's to underwrite carbon projects at the earliest stages before activity starts. Rosie Denée, Head of Innovation at Lloyd's, welcomed Artio as a coverholder, noting the market's commitment to supporting innovative, high-impact climate solutions.
• Gallagher Re (Green Solutions Team)coreChannel Partner/ Reseller/ Distributor · 19 March 2025Gallagher Re's innovative Green Solutions team led Artio's capacity discussions with TMHCCI, Markel, and Apollo, leveraging the company's market presence through Lloyd's Lab Cohort 13 and support from DA Strategy.
• DA Strategy LimitedcoreImplementation/ SI/ Consulting Partner · 19 March 2025Artio MGA Services Limited is an Appointed Representative of DA Strategy Limited, which is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 1027335). DA Strategy provides Artio's regulatory authorisation as an insurance intermediary.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Kita: Kita is a specialist carbon insurance MGA providing parametric and non-delivery cover for voluntary carbon market projects, the closest direct competitor to Artio's Non-Delivery Cover. Both target carbon credit buyers, developers, and lenders seeking to de-risk early-stage carbon project delivery.

Broad incumbents

• Aon: Aon is a global insurance and reinsurance broker with a Climate Risk and Adaptation practice. Comparable to Artio through its climate insurance product development, broker distribution to corporate buyers, and the way it pairs risk analytics with insurance placement.
• Gallagher Re (Arthur J. Gallagher): Gallagher Re's Green Solutions team led Artio's capacity discussions with Tokio Marine HCC, Markel and Apollo. As a major reinsurance broker with a dedicated climate practice, Gallagher Re is both a channel partner and a competitor that could bundle proprietary carbon insurance products with its broader reinsurance offerings.
• Howden: Howden is a global insurance broker that already assesses Artio's CORSIA policies on behalf of Verra and Gold Standard. As a major climate-focused broker with deep relationships across Lloyd's, Howden is both a channel partner and a potential competitor as it expands proprietary carbon insurance offerings.
• Sylvera: Sylvera is a carbon credit ratings agency where Artio CEO Bilal Hussain previously led ratings quant development. Sylvera's data-driven carbon project ratings use overlapping scientific inputs (biomass, sequestration curves, project risk) with Artio's Risk Engine, making it the most direct analytics comparable though it operates in ratings rather than insurance.
• BeZero: BeZero is a leading carbon credit ratings agency providing risk assessments on voluntary carbon market projects. Its ratings framework overlaps with Artio's risk inputs and target customer base (corporate carbon buyers, traders, and project developers).
• Chaucer Insurance: Chaucer is a specialty Lloyd's insurer and part of The Hanover Insurance Group. Its specialty/surplus lines focus on unusual or hard-to-place risks makes Chaucer a comparable specialty insurance MGA pattern to Artio's Lloyd's coverholder model.
• Beazley: Beazley is a major Lloyd's specialty insurer with growing climate and ESG-related underwriting capabilities. Its scale, Lloyd's market presence, and willingness to underwrite complex specialty risks make it a relevant comparable for Artio's institutional specialty insurance ambitions.

Emerging players

• Renoster: Renoster provides satellite-based monitoring and risk analytics for nature-based carbon projects, with overlapping remote-sensing and biomass modelling capabilities to Artio's Risk Engine. Both serve project developers and buyers needing validation of carbon project performance.
• Jupiter Intelligence: Jupiter Intelligence is a climate risk analytics platform quantifying physical climate risk (flood, wildfire, storm) for insurers, asset owners, and lenders. Its peril modelling overlaps with Artio's wildfire, flood, and cyclone risk engines and serves an overlapping insurance customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors4 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 Artio