RiskCube
New accelerator entry · 2024-11-16 · the record
In their words
RiskCube is building the first AI-native reinsurer for emerging risks. Today, we operate an insurance brokerage focused on startups in AI, robotics, space, and defense. Through the brokerage, we see firsthand where traditional insurance products fail, from AI liability and autonomous systems to defense technology and new space risks. We are now building proprietary risk models that can price risks even when little historical claims data exists. Our approach uses stochastic simulation, then applies traditional, explainable models to make the output transparent to underwriters and regulators. This allows us to create new insurance and reinsurance products for emerging industries much faster than traditional carriers. The U.S. insurance market still relies heavily on foreign reinsurance capacity. Our goal is to build new reinsurance capacity on American soil for the industries defining the next generation of the U.S. economy, while reducing America's dependence on foreign reinsurance capacity.
What the record says
The full profile
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Sourced from the company's Y Combinator directory entry.