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Jumpstart Insurance

jumpstartinsurance.com

Founded Year

2015

Stage

Acquired | Acquired

Total Raised

$2.24M

Revenue

$0000 

About Jumpstart Insurance

Jumpstart Insurance is a benefit corporation founded with the social mission to increase economic stimulus following natural disasters such as earthquakes. Its goal is to give users enough money to cover their immediate needs after an earthquake. Its index-based approach delivers instant signup, affordable coverage, and automatic payout. On October 4th, 2021, Jumpstart Insurance was acquired by Neptune Flood. Terms of the transaction were not disclosed.

Headquarters Location

344 Thomas L Berkley Way

Oakland, California, 94612,

United States

+1-510-891-1753

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Expert Collections containing Jumpstart Insurance

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Jumpstart Insurance is included in 1 Expert Collection, including Fintech.

F

Fintech

7,750 items

US-based companies

Latest Jumpstart Insurance News

Global Parametric Insurance Market Report to 2031 - Featuring AXA, Allianz, Chubb and Jumpstart Insurance Solutions Among Others

Oct 27, 2022

According to this report the parametric insurance market was valued at $11.7 billion in 2021, and is estimated to reach $29.3 billion by 2031, growing at a CAGR of 9.9% from 2022 to 2031. The term, parametric insurance describes a type of insurance contract that insures a policyholder against the occurrence of a specific event by paying a set amount based on the magnitude of the event, as opposed to the magnitude of the losses in a traditional indemnity policy. It is a non-traditional insurance product that offers pre-specified payouts based upon a trigger event. Trigger events depend on the nature of the parametric policy and can include environmental triggers, such as wind speed and rainfall measurements, business-related triggers such as foot traffic, and others. Parametric insurance can cover risks that are not otherwise easily insurable, and allow for more scientific pricing of products that respond to specific isolated parameters, rather than the physical losses, which are expected to result from any number of a wide range of occurrences. In addition, parametric insurance for building resilience is that a policy is capable of being triggered, not by the calamity itself (such as crop failure or the resulting human impacts), but by its forebear (such as inadequate rainfall), which through funding early intervention can minimize wider human and financial impacts and costs. Therefore, these are some of the factors propelling the market growth. However, basis risk can arise if an individual insured's loss experience does not correlate with the index payouts. In this case, some households that experience loss may not receive compensation while some who suffer no loss receive insurance payouts. Therefore, these are some of the major factors that limit the growth of the parametric insurance market. On the contrary, advances in technology have led to the new and exciting applications of parametric insurance principles which is emerging and growing faster than ever. Clients, brokers, insurers and investors have woken up to the possibilities of simpler, faster parametric insurance, and they are already experiencing the benefits. The rise in capital spending into parametric insurance firms is expected to fuel this growth. The parametric insurance market is segmented on the basis of type, industry vertical, and region. By type, it is segmented into natural catastrophes, specialty insurance, and others. By industry vertical, it is segregated into agriculture, construction, mining, manufacturing, energy and utility, aerospace and defense, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The report analyzes the profiles of key players operating in the parametric insurance market such as Allianz, AXA XL, Chubb, FloodFlash, Jumpstart Insurance Solutions, Inc., Berkshire Hathaway Specialty Insurance, Munich Re, Global Parametrics, Swiss Re, and Zurich American Insurance Company. These players have adopted various strategies to increase their market penetration and strengthen their position in the parametric insurance industry. Key Benefits For Stakeholders This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the parametric insurance market analysis from 2021 to 2031 to identify the prevailing parametric insurance market opportunity. The market research is offered along with information related to key drivers, restraints, and opportunities of parametric insurance coverage. Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. In-depth analysis of the parametric insurance market size segmentation assists to determine the prevailing market opportunities. Major countries in each region are mapped according to their revenue contribution to the global market. Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players in parametric insurance market forecast. The report includes the analysis of the regional as well as global parametric insurance market trends, key players, market segments, application areas, and market growth strategies. Key Topics Covered: CHAPTER 4: PARAMETRIC INSURANCE MARKET, BY TYPE 4.1 Overview 4.2 Natural Catastrophes Insurance 4.2.2 Market size and forecast, by region 4.2.3 Market analysis by country 4.3 Specialty Insurance 4.3.2 Market size and forecast, by region 4.3.3 Market analysis by country 4.4 Others 4.4.2 Market size and forecast, by region 4.4.3 Market analysis by country CHAPTER 5: PARAMETRIC INSURANCE MARKET, BY INDUSTRY VERTICAL 5.1 Overview 5.2 Agriculture 5.2.2 Market size and forecast, by region 5.2.3 Market analysis by country 5.3 Aerospace & Defense 5.3.2 Market size and forecast, by region 5.3.3 Market analysis by country 5.4 Mining 5.4.2 Market size and forecast, by region 5.4.3 Market analysis by country 5.5 Construction 5.5.2 Market size and forecast, by region 5.5.3 Market analysis by country 5.6 Energy & Utiities 5.6.2 Market size and forecast, by region 5.6.3 Market analysis by country 5.7 Manufacturing 5.7.2 Market size and forecast, by region 5.7.3 Market analysis by country 5.8 Others 5.8.2 Market size and forecast, by region 5.8.3 Market analysis by country CHAPTER 6: PARAMETRIC INSURANCE MARKET, BY REGION CHAPTER 7: COMPANY LANDSCAPE

Jumpstart Insurance Frequently Asked Questions (FAQ)

  • When was Jumpstart Insurance founded?

    Jumpstart Insurance was founded in 2015.

  • Where is Jumpstart Insurance's headquarters?

    Jumpstart Insurance's headquarters is located at 344 Thomas L Berkley Way, Oakland.

  • What is Jumpstart Insurance's latest funding round?

    Jumpstart Insurance's latest funding round is Acquired.

  • How much did Jumpstart Insurance raise?

    Jumpstart Insurance raised a total of $2.24M.

  • Who are the investors of Jumpstart Insurance?

    Investors of Jumpstart Insurance include Neptune Flood and Plug and Play Accelerator.

  • Who are Jumpstart Insurance's competitors?

    Competitors of Jumpstart Insurance include New Paradigm Group and 3 more.

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