Bold Penguin adds Adaptive Insurance to expand parametric coverage

Bold Penguin Partners with Adaptive Insurance for Enhanced Coverage

Bold Penguin has recently formed a partnership with Adaptive Insurance, adding the insurer’s unique parametric power outage protection to its offerings on the Bold Penguin Placement Desk. This collaboration marks a strategic move to diversify and bolster the range of climate-resilience solutions accessible to insurance agents.

Introducing Adaptive Insurance's Innovative Solution

As the first parametric carrier to join the Bold Penguin platform, Adaptive Insurance brings its flagship product, GridProtect, into the mix. This product promises a reliable solution by providing guaranteed coverage for losses due to power outages, which become increasingly relevant in our changing climate. By integrating GridProtect into the existing Bold Penguin framework, agents can offer clients more comprehensive options when it comes to managing risks associated with severe weather and power supply issues.

What This Means for Agents and Clients

This new addition is particularly significant for agents seeking to provide value-added services to their clients. With the growing concern over climate-related disruptions, being able to present clients with parametric coverage can enhance their risk management strategies. It also illustrates a shift in the insurance landscape towards more innovative solutions that cater to modern challenges.

Conclusion

The partnership between Bold Penguin and Adaptive Insurance signifies an important step in expanding the tools available for insurance professionals. By embracing parametric solutions like GridProtect, agents can better address the rising needs of businesses affected by climate change.

Original Source: https://fintech.global/2025/12/09/bold-penguin-adds-adaptive-insurance-to-expand-parametric-coverage/