AIR Parametric,Inc.
AIR Parametric is a US specialty insurer offering parametric insurance products (Milkshake™ for dairy heat stress, Weather.BI™ for SMB business interruption) that pay predetermined claims based on weather triggers, targeting US dairy and cattle producers and small and mid-sized businesses via MGA and agent distribution.
- Company typePrivate
- Founded-
- Headquarters—
- Headcount1–10
- GTM typeB2B
- OfferingServices
What AIR Parametric,Inc. does
AIR Parametric, Inc. is a U.S.-based specialty insurance provider founded in 2023 that delivers parametric insurance products for businesses impacted by lost revenue from extreme weather events. The company operates two core products built on a proprietary AI-enhanced weather data platform: Milkshake™, which compensates dairy farmers for lost milk production when the temperature-humidity index (THI) breaches predefined triggers at the farm's precise location, and Weather.BI™, which provides business interruption coverage to small and mid-sized businesses for events such as wildfires and excess rainfall without requiring physical damage. The underlying technology integrates geospatial data, GIS overlays, machine learning, and 50+ years of unique weather observations into an enterprise data model that computes billions of weather data elements for 24/7 monitoring across the continental United States.
The company generates revenue through parametric insurance premiums on a subscription basis, with annual billing and quote-based pricing that varies by location, coverage limits, and trigger thresholds. Distribution is via a channel partner model — agents, program administrators, and Managing General Agents (MGAs) — with Weather.BI explicitly designed as an embedded endorsement within existing affinity-based insurance programs. Reinsurance capacity and broking are provided by Guy Carpenter (sole placing broker) and Liberty Mutual Reinsurance (LM Re), bringing A-rated backing to the Milkshake product. The company is privately held, bootstrapped with no disclosed venture funding, and operates with a small specialized team of roughly 5 employees combining actuarial (FCAS/FSA/MAAA/PhD), meteorological, insurance operations, and agricultural domain expertise. Its primary customer segments are US dairy and cattle producers and the broader 30M+ US small and mid-sized businesses exposed to weather-driven business interruption risk in retail, service, and hospitality sectors.
AIR Parametric,Inc. firmographics
Firmographics- Name
- AIR Parametric,Inc.
- Legal name
- AIR Parametric, Inc.
- Website
- https://airparametric.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- AIR Parametric is a US specialty insurer offering parametric insurance products (Milkshake™ for dairy heat stress, Weather.BI™ for SMB business interruption) that pay predetermined claims based on weather triggers, targeting US dairy and cattle producers and small and mid-sized businesses via MGA and agent distribution.
- Ownership category
- akta.pro rank
AIR Parametric,Inc. industry classification
Industry- Product category
- Parametric Insurance
- NAICS
- Direct Insurance (except Life, Health, and Medical) Carriers (52412)
- SIC
- Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Insurance Underwriting, Pricing & Accumulation Tools (P&C, Specialty, Parametric) (EUABALAF)
- akta.pro secondary industry
- Early Warning, Event Monitoring & Forecasting (Extreme Weather Alerts, Nowcasting) (EUABALAJ)
Keywords
AIR Parametric,Inc. business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales
Revenue model
- Parametric Insurance Premiums: AIR Parametric generates revenue through specialty parametric insurance products that provide coverage for lost revenue due to extreme weather events. Products include Milkshake (heat stress insurance for dairy) and Weather.BI (business interruption coverage for weather events).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Milkshake customizable coverage with three trigger options (three-day, five-day, and seven-day heat stress events) |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels4 records
AIR Parametric,Inc. product offering
Product offeringCore offering
AIR Parametric is a U.S. specialty insurance provider that delivers parametric insurance products compensating businesses for lost revenue caused by extreme weather events. Using a proprietary AI-enhanced weather data platform integrating geospatial technology, GIS data, and machine learning with 24/7 monitoring, the company offers Milkshake™ for dairy heat stress losses and Weather.BI™ for small business interruption from wildfires and excessive rainfall, with automated claims processing that pays out in less than one week when predetermined triggers are breached.
Product overview
AIR Parametric is a specialty insurance provider offering a portfolio of parametric insurance solutions for extreme weather risk. The company delivers two core products: Milkshake™ for dairy farmers (covering heat stress impacts on livestock milk production) and Weather.BI™ for small and mid-sized businesses (covering business interruption from weather events like wildfires and excess rainfall). Both products utilize the company's proprietary AI-enhanced weather data platform, geospatial technology, and 24/7 monitoring to provide automated, transparent claims processing without requiring physical damage.
Differentiator
Problem solved
Functional benefit
Brands
- Milkshake™: Parametric insurance product designed to protect U.S. dairy producers from heat stress on their livestock herds, compensating farmers for lost revenue when temperature-humidity index (THI) reaches higher-than-normal levels.
- Weather.BI™
Products and services
- Milkshake™ Parametric heat stress insurance product that compensates U.S. dairy farmers for lost revenue and higher expenses when the temperature-humidity index (THI) at their specific farm location reaches higher-than-normal levels, reducing herd milk production and quality. Coverage includes customizable trigger options for three-day, five-day, and seven-day heat stress events with simple quote-and-bind process and automated claims.
- Weather.BI™ Parametric business interruption insurance product for small and mid-sized businesses that provides lost revenue compensation when specified weather events such as wildfires or extraordinary rainfall significantly reduce sales, even when there is no physical property or equipment damage. Coverage is delivered as a monoline or companion endorsement to other insurance products via MGAs and Program Administrators.
Quantifiable outcome
- Less than 1 week from triggering conditions to payment
- +2 more outcomes
Companies that use AIR Parametric,Inc.
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles1 record
AIR Parametric,Inc. technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature5 records
AIR Parametric,Inc. partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Guy CarpentercoreGuy Carpenter acted as the sole placing broker for AIR Parametric, helping secure A-rated reinsurance capacity in a challenging market cycle. Their Innovation & Emerging Risk Practice facilitated the launch of Milkshake, addressing protection gaps in the agricultural industry and protecting farming businesses from extreme temperature fluctuations impacting revenue.
Scale indicators9 records
Recent moves5 records
Expansion highlights6 records
AIR Parametric,Inc. competitors and assessment
Company assessmentEmerging players
- Cervello (formerly known as agriculture insurance analytics providers): Cervello is a parametric and data-driven insurance analytics platform serving specialty and climate risk lines. It is comparable to AIR Parametric as an emerging technology-enabled parametric insurance player.
- Jupiter Intelligence: Jupiter Intelligence provides climate risk analytics and physical risk modeling used by insurers for parametric and traditional underwriting. It is comparable to AIR Parametric's data and modeling layer, though Jupiter focuses on analytics rather than direct policy issuance.
- The Climate Corporation (Bayer): The Climate Corporation provides digital agriculture and weather analytics used by farmers and agribusiness. It is comparable to AIR Parametric's ag-vertical focus on dairy and supports similar data-driven risk management outcomes.
- DTN (Operational Weather): DTN provides weather-based operational analytics and forecasting for agriculture and energy industries. It overlaps with AIR Parametric's weather data engine and is a potential partner or partial competitor for parametric ag products.
Direct peers
- Arbol: Arbol is a parametric insurance platform that contracts weather and climate risk for businesses and financial institutions. It directly competes with AIR Parametric in offering index-based, weather-triggered coverage to under-served segments.
- Descartes Underwriting: Descartes Underwriting is a specialty parametric insurance MGA focused on weather, climate, and natural catastrophe risks. It is one of the closest direct comparables to AIR Parametric's parametric specialty insurance model.
Broad incumbents
- Munich Re: Munich Re is a leading global reinsurer actively expanding parametric and climate-risk insurance offerings. It competes and partners in the same parametric specialty insurance market.
- Swiss Re: Swiss Re is a global reinsurance leader with established parametric and weather-indexed insurance capabilities across multiple lines. As a broad incumbent, it overlaps with AIR Parametric in parametric product design and distribution.
- Liberty Mutual Reinsurance: Liberty Mutual Reinsurance provides A-rated reinsurance capacity to AIR Parametric and is a global reinsurer with growing parametric capabilities. It is both a partner and a broad incumbent in the same specialty/parametric insurance space.
Others
- Guy Carpenter: Guy Carpenter is AIR Parametric's sole placing broker and a global reinsurance intermediary. It is an ecosystem partner that also distributes parametric and specialty reinsurance solutions for other carriers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
AIR Parametric,Inc. social profiles
Digital presenceAIR Parametric,Inc. financial estimates
Financial estimateRevenue estimate
Valuation estimate
AIR Parametric,Inc. leadership team
Management profileNumber of profiles
Profiles8 records
AIR Parametric,Inc. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AIR Parametric,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 AIR Parametric,Inc.
What does AIR Parametric,Inc. do?
AIR Parametric is a U.S. specialty insurance provider that delivers parametric insurance products compensating businesses for lost revenue caused by extreme weather events. Using a proprietary AI-enhanced weather data platform integrating geospatial technology, GIS data, and machine learning with 24/7 monitoring, the company offers Milkshake™ for dairy heat stress losses and Weather.BI™ for small business interruption from wildfires and excessive rainfall, with automated claims processing that pays out in less than one week when predetermined triggers are breached.
Is AIR Parametric,Inc. a public or private company?
AIR Parametric,Inc. is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was AIR Parametric,Inc. founded?
AIR Parametric,Inc. was founded in -1. It employs 1 to 10 people.
How does AIR Parametric,Inc. make money?
One revenue line is on record: parametric Insurance Premiums.
Who are AIR Parametric,Inc.'s main competitors?
Emerging players on record are Cervello (formerly known as agriculture insurance analytics providers), Jupiter Intelligence, The Climate Corporation (Bayer) and DTN (Operational Weather). Direct peers are Arbol and Descartes Underwriting. Broad incumbents are Munich Re, Swiss Re and Liberty Mutual Reinsurance. Guy Carpenter is listed as an others.
Does AIR Parametric,Inc. have an API?
No public API is recorded for AIR Parametric,Inc..
What industry is AIR Parametric,Inc. in?
AIR Parametric,Inc.'s product category is Parametric Insurance. Its primary akta.pro industry code is EUABALAF, Insurance Underwriting, Pricing & Accumulation Tools (P&C, Specialty, Parametric), with a secondary code of EUABALAJ, Early Warning, Event Monitoring & Forecasting (Extreme Weather Alerts, Nowcasting). Its NAICS code is 52412 and its SIC code is 6331.