Baloise Invests In Volatility Insurance Startup Stable

Baloise – via Anthemis Baloise Strategic Ventures – has invested in Stable, a London-based creator of an index insurance product for food and farming businesses around the world that automatically reimburses lost income caused by volatile prices.

Established in 2016, Stable’s data science platform enables the company to democratize access to ‘hedging’ for businesses of every sector and every size. The scalable platform is already working with 50 commodity indices that range from coffee to cow’s milk and in over 10 countries. In contrast to traditional insurance, the highly automated index-based solution means the business owner can get a quote in less than 2 minutes and any claims due are paid in less than 48 hours.

With an insurance policy from Stable, farmers and food manufacturers can insure a defined amount of a product over a defined period for a specified price. For example, a farmer chooses a policy that protects 100 tons of wheat from March to November 2019 from an average price falling below £150/t. If the average index price for the agreed period is below the agreed value of £150, the farmer receives an automatic payout. If the market price is above the originally agreed price, there is no payout.

Get a feel for its UI below: