Redkik Inc.
Redkik is a B2B embedded InsurTech SaaS platform that delivers API-driven, AI-powered per-shipment cargo and logistics insurance to transport intermediaries, shippers, insurance brokers, TMS providers, and MGAs across the Americas, EMEA, and APAC.
- Company typePrivate
- Founded2020
- HeadquartersOxford, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Redkik Inc. does
Redkik Inc. is a B2B embedded InsurTech SaaS company founded in August 2020 by Chris Kalinski that delivers API-driven, AI/ML-powered cargo and logistics insurance at the point of sale. Its core product is the Redkik Embedded Insurance Platform, which integrates into partner TMS systems, freight broker platforms, booking systems, and insurance broker portals to enable per-shipment insurance coverage with single-click checkout, real-time dynamic pricing, and instant certificate issuance. Supporting components include the Unified Declaration System, which consolidates historic claims, transit, and storage data into a unified data layer, and Active Loss-Ratio Management (ALRM), which uses AI to optimize base rates, deductibles, and minimum premiums for underwriters. The product portfolio spans transactional cargo insurance, shippers' interest insurance, warehouse, gap, spike, and cyber coverage, plus air cargo delay (via Otonomi) and customs inspection (via LoadStar) products.
The company operates an API-first, channel-led go-to-market targeting transport intermediaries, shippers, freight brokers, insurance brokers, TMS providers, and insurance carriers/MGAs. It has built a distribution footprint spanning more than 100 integrations including Aon, Uber Freight, Lockton, Howden, Chubb, McLeod Software, Chain.io, Truckstop, Globalia Logistics Network, and Translogistics, with offices in the United States (Easton, MD), Finland (Joensuu), Hong Kong, and Brazil. Underwriting capacity is sourced from partners including Greenlight Re, MS&AD, Chubb, Munich Re/Roanoke, and ERGO.
Redkik's revenue model combines per-shipment transactional fees on insurance policies sold through the platform with recurring API integration and software licensing fees from white-label deployments. Pricing is quote-based and dynamically priced by AI/ML using approximately 18 risk data inputs per shipment. As of October 2024 the company reported $12M in premiums quoted and $98M average daily insured value, and has raised approximately $3.3 million in Seed funding (February 2022) led by Greenlight Re Innovations and MS&AD Ventures.
Redkik Inc. firmographics
Firmographics- Name
- Redkik Inc.
- Legal name
- Redkik Inc.
- Website
- https://redkik.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Redkik is a B2B embedded InsurTech SaaS platform that delivers API-driven, AI-powered per-shipment cargo and logistics insurance to transport intermediaries, shippers, insurance brokers, TMS providers, and MGAs across the Americas, EMEA, and APAC.
- Ownership category
- akta.pro rank
Redkik Inc. industry classification
Industry- Product category
- Insurance Technology (InsurTech) Software
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242), Custom Computer Programming Services (541511)
- SIC
- Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Embedded Insurance & Affinity Distribution Platforms (FSAGAGAL)
Keywords
Where Redkik Inc. is headquartered
LocationHeadquarters
- HQ city
- Oxford
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Redkik Inc. business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Per-Shipment Insurance Transaction Fees: Redkik generates revenue through transactional fees on each insurance policy sold via its platform. The embedded API solution allows partners to offer on-demand, per-shipment cargo insurance with instant premium quotations at time of freight booking
- API Integration and Software Licensing: Revenue from licensing the embedded insurance software to insurance providers, brokers, and technology partners for white-label deployment
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Pay-per-shipment transactional pricing model |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
Redkik Inc. product offering
Product offeringCore offering
Redkik provides an AI and machine learning-powered embedded insurance software platform delivered via API, enabling instant, per-shipment cargo and transportation insurance coverage at the point of sale. The platform integrates into partner systems (TMS, freight broker platforms, broker portals) without disrupting existing sales processes and offers dynamic, risk-based pricing for products including cargo, shippers interest, warehouse, gap, spike, and cyber insurance.
Product overview
Redkik is an embedded insurance software company offering a unified platform with AI-driven technology that modernizes transactional insurance for the logistics and transportation industry. The core Redkik Embedded Insurance Platform enables instant, per-shipment insurance coverage through API integration, supported by the Unified Declaration System for data consolidation and Active Loss-Ratio Management (ALRM) for proactive risk optimization. The platform offers multiple insurance products: Transactional Cargo Insurance (core product for per-shipment coverage), Shippers Interest Insurance, Warehouse Insurance, Gap Insurance, Spike Insurance, Cyber Insurance, Air Cargo Delay Insurance (via Otonomi partnership), and Customs Inspection Insurance (via LoadStar partnership). These products connect through API integration with Transport Management Systems, insurance providers, and logistics platforms, enabling dynamic pricing powered by AI and machine learning.
Differentiator
Problem solved
Functional benefit
Products and services
- Redkik Embedded Insurance Platform AI and machine learning-driven embedded insurance software platform that enables instant, per-shipment cargo and transportation insurance coverage through API integration at the point of sale. The platform analyzes data points (weather, theft trends, value of goods, port crime rates, claims history, etc.) for dynamic pricing and risk management without disrupting existing sales processes. Insurance is underwritten by leading global insurance companies.
- Transactional Cargo Insurance On-demand, per-shipment cargo insurance policies purchased at the time of booking, covering cargo loss and damage with door-to-door coverage, free cancellation, and protection against Acts of God, strikes, riots, civil commotions, and terrorism. Sold through Redkik's embedded insurance platform.
- Shippers Interest Insurance Single shipment shippers interest insurance offering a higher degree of protection for cargo loss and damage with door-to-door coverage, free cancellation, and low deductibles. Certificate of Insurance is sent instantly to the cargo owner.
- Warehouse Insurance Insurance coverage for warehouse storage up to 30 days before, during, and after shipment, addressing industry-wide gaps in insurance pricing and underwriting for goods in storage.
- Gap Insurance Insurance coverage addressing gaps in traditional insurance policies, part of Redkik's flexible software solution for the logistics and transportation industry.
- Spike Insurance Insurance product addressing temporary or seasonal coverage needs for shippers and logistics operators.
- Cyber Insurance Insurance coverage for cyber risks in logistics and transportation operations, including cyber-attack risk as one of the data points analyzed by Redkik's AI/ML pricing algorithm.
- Air Cargo Delay Insurance Air cargo delay insurance covering business interruption, loss of sales, consequential damages, and contractual obligation penalties for time-critical freight. Bridged a $50 billion protection gap in time-critical freight through Otonomi's algorithmic underwriting engine integrated with Redkik's technology.
- Customs Inspection Insurance Specialized insurance coverage for US customs inspections operationalized through Redkik's policy administration in partnership with LoadStar Insurance Services.
Quantifiable outcome
- $12M premiums quoted and $98M average daily insured value as of October 2024
- +2 more outcomes
Companies that use Redkik Inc.
Customer profileNamed customers3 records
Segments6 records
Ideal customer profiles5 records
Redkik Inc. technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration16 records
AI capability7 records
Feature4 records
Redkik Inc. partnerships and signals
Strategic signalPartnerships
25 partnerships are on record, tiered core, flagship and minor.
- CargorscorePartnership with transport-tech firm to embed shipment-level cargo insurance into digital freight workflows in Europe. Streamlines insurance processes enabling real-time coverage.
- FreightportcoreDigital freight forwarding and TMS platform partnership embedding Redkik's AI-powered cargo insurance into Freightport's end-to-end digital freight ecosystem.
- Aon plcflagshipMulti-year collaboration to modernize cargo and shippers' interest insurance across global supply chains. Spans EMEA, APAC and North America with API-driven integration enabling dynamic, on-demand coverage at point of sale.
- LoadStar Insurance ServicescoreMGA partnership utilizing Redkik's policy administration for streamlined customs inspection insurance acquisition in US market.
- Cargo Power NetworkcorePartnership with global logistics and freight forwarder network to deliver streamlined data-driven insurance solutions to members worldwide.
- Translogistics, Inc (TLI)coreIntegration with 3PL provider enables AI-powered insurance solutions for freight management. Real-time tailored insurance quotes at time of booking.
- Canopy Specialty InsurancecorePartnership with Insurance Program Administrator offering AI-driven technology for instant Shippers Interest certificate issuance. Modern interface praised by early customers.
- Chain.iocoreIntegration into Chain.io's network of critical freight integrations enabling immediate insurance coverage and administration through seamless data transmission.
- Globalia Logistics NetworkcorePartnership with logistics network spanning 216 territories enables members to access tailored cargo insurance directly from Members' Area.
- Tulikettu RacingminorSailing sponsorship partnership with Finnish offshore racing team. Team renamed to Tulikettu Redkik Racing.
- OtonomicoreGroundbreaking partnership bridging $50 billion protection gap in time-critical freight sector. Introduces air cargo delay insurance with claims resolved 22x faster than industry standard.
- Lockton CompaniesflagshipStrategic partnership with world's largest privately held insurance broker. Lockton provides insurance programs and relationships supporting Redkik's transactional products with claim support and risk control services.
- McLeod SoftwarecoreIntegration with industry-leading transportation dispatch, accounting, operations, and brokerage management software provider. Part of strategic partnership with Lockton.
- Air Cargo Latin AmericaminorPartnership expanding Redkik's visibility and access in Latin American market for cargo insurance by air, road, or sea.
- Uber FreightcoreStrategic collaboration integrating Redkik's InsurTech software into Uber Freight's Shipper Platform. Offers instant access to competitively-priced LTL cargo insurance at point of booking.
- Cover WhaleminorAffiliate partnership enabling Cover Whale to act as source for shippers and freight carriers to instantly access per-load cargo insurance through Redkik's software.
- TruckstopcoreIntegration into Truckstop Partner Marketplace enables customers to quickly obtain cargo and warehouse insurance provided by Roanoke Insurance Group.
- EKA SolutionscoreCollaboration delivering on-demand transactional insurtech solutions to EKA's freight carrier, broker, and shipper SMB customers.
- ERGO (Singapore)coreStrategic partnership in Singapore with ERGO for instant premium quotations and certificate issuance for cargo insurance.
- Chubb BrazilcoreStrategic partnership with Chubb Brazil for cargo insurance in the Brazilian market.
- Cargo Community Network (CCN)corePartnership with CCN's CUBEforall open data platform for instant cargo insurance quotes through the Booking Concierge app.
- Oakcliff SailingminorSponsorship of Oakcliff's OC86 86-foot racing sailboat for 2022 season including Newport to Bermuda Race.
- HowdenflagshipStrategic partnership with leading insurance brokerage for European market launch in Sweden. Combined with insurer Chubb for cargo insurance distribution.
- ChubbflagshipInsurance partner underwriting cargo policies through Howden and Redkik partnership. Chubb has over 230 years of marine insurance experience.
- Roanoke Insurance GroupflagshipStrategic partnership with leading transportation-related insurance broker (Munich Re company). Offering on-demand per-shipment insurance with instantaneous premium quotations.
Scale indicators4 records
Recent moves8 records
Expansion highlights6 records
Redkik Inc. competitors and assessment
Company assessmentEmerging players
- Zego: UK insurtech providing commercial motor and fleet insurance to mobility and gig economy operators. Adjacent to Redkik in the transportation insurance space, with similar API-first distribution but focused on vehicle rather than cargo coverage.
- NEXT Insurance: US-based digital SMB insurance provider offering commercial lines including trucking and transport-related coverages. Comparable in digital-first insurance distribution to SMB customers, though broader than Redkik's cargo-specific focus.
Broad incumbents
- Lockton Companies: World's largest privately held insurance brokerage and a Redkik strategic partner (Oct 2023). Comparable as a large incumbent in trucking and cargo insurance that both uses Redkik's technology and could develop competing embedded capabilities for its own customer base.
- Aon plc: Global professional services firm and one of the world's largest insurance brokers. Redkik's flagship multi-year global partner (Aug 2025) for embedded cargo insurance distribution, but also a potential competitive threat as Aon expands its own digital cargo and embedded insurance capabilities.
- Marsh McLennan: Global insurance broker and risk advisor with deep marine and cargo insurance practice. Comparable as a broad incumbent in the same cargo insurance distribution value chain that Redkik is disrupting through embedded technology.
Direct peers
- Loadsure: UK-based digital cargo insurance platform offering on-demand, per-shipment coverage to freight forwarders and logistics companies. Closely comparable to Redkik in product (transactional cargo insurance), target customers (transport intermediaries, freight brokers), and distribution (API/embedded into freight platforms).
- Cover Whale Insurance Solutions: US insurtech focused on commercial trucking insurance, with embedded distribution through freight platforms. Already a Redkik partner, but operates overlapping capabilities in per-load cargo and trucking insurance for the same US shipper/broker base.
- Otonomi: Insurtech specializing in air cargo delay and time-critical freight parametric insurance. Redkik partner for the air cargo delay product; directly comparable in embedded parametric freight insurance and serving the same logistics customer base.
- Wrisk: London-based embedded insurance platform targeting the mobility and transportation ecosystem. Closely comparable to Redkik in embedded insurance infrastructure approach, API-first architecture, and serving transportation-adjacent customers (auto, fleet, mobility).
- Boost Insurance: US-based embedded insurance infrastructure-as-a-service platform enabling digital brands to launch and distribute insurance products via API. Directly comparable to Redkik in offering insurance carriers a technology layer for embedded distribution.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Redkik Inc. social profiles
Digital presenceRedkik Inc. compliance and trust
Trust signalCompliance1 record
Redkik Inc. financial estimates
Financial estimateRevenue estimate
Valuation estimate
Redkik Inc. leadership team
Management profileNumber of profiles
Profiles15 records
Redkik Inc. subsidiaries and ownership
Company hierarchySubsidiaries3 records
Redkik Inc. funding detail
Funding detailFunding overview
Funding rounds6 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Redkik Inc. 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 Redkik Inc.
What does Redkik Inc. do?
Redkik provides an AI and machine learning-powered embedded insurance software platform delivered via API, enabling instant, per-shipment cargo and transportation insurance coverage at the point of sale. The platform integrates into partner systems (TMS, freight broker platforms, broker portals) without disrupting existing sales processes and offers dynamic, risk-based pricing for products including cargo, shippers interest, warehouse, gap, spike, and cyber insurance.
Is Redkik Inc. a public or private company?
Redkik Inc. is a private company. It is classified as venture growth investor backed and is currently operating.
When was Redkik Inc. founded?
Redkik Inc. was founded in 2020. It employs 11 to 50 people.
Where is Redkik Inc. based?
Redkik Inc. is headquartered in Oxford, United States, in the North America region.
How does Redkik Inc. make money?
Two revenue lines are on record. Per-Shipment Insurance Transaction Fees are the primary driver. The others are API Integration and Software Licensing.
Who are Redkik Inc.'s main competitors?
Emerging players on record are Zego and NEXT Insurance. Broad incumbents are Lockton Companies, Aon plc and Marsh McLennan. Direct peers are Loadsure, Cover Whale Insurance Solutions, Otonomi, Wrisk and Boost Insurance.
Does Redkik Inc. have an API?
Yes. Redkik offers an API-embedded solution enabling instant, per-shipment insurance coverage at the point of sale. The API integration allows coverage to be purchased with a single click without unnecessary redirects to external websites and without disrupting current sales processes. Real-time data such as weather, theft trends, and claims history are processed for dynamic pricing. The solution supports multi-language, multi-currency, and cross-border operations. Developers can access documentation at /developers/api-2-usage-authentication/. Developer documentation is at redkik.com/developers/api-2-usage-authentication.
What industry is Redkik Inc. in?
Redkik Inc.'s product category is Insurance Technology (InsurTech) Software. Its primary akta.pro industry code is FSAGAGAL, Embedded Insurance & Affinity Distribution Platforms. Its NAICS code is 5242 and its SIC code is 6411.