AI-native actuary enabling self-insurance for corporations
TLDR: Huscarl is an AI-native insurance advisory firm for corporations ($50M+ revenue). We help them save 30% on annual premiums with zero downside.
Hey guys, we’re Paulien and Alex, and we’re building Huscarl to fix corporate insurance.
Problem
All of the companies we worked with were :
- Overinsured in some areas, because brokers and insurers want to sell them more insurance than they need
- Underinsured in others, because they don’t fully understand the risks their business is facing
Risk managers face huge internal pressure because insurance costs 2% of a company’s revenue every year and it feels like it never pays when you need it.
What we’re building
We’re building an AI-native actuarial advisory that:
- Tells you if you’re paying the right $ for your coverage
- Tells you what to keep, change or kill in your insurance program
By creating insurance programs that fit perfectly a company’s risk profile, we’re able to generate ~30% premium savings for similar or better coverage, and get the risk manager promoted :)
The team
Before joining YC, Alex (on the left) and Paulien (on the right) created together the world’s first cyber parametric insurance for corporations.
Long-term vision
Our end game is to empower corporations manage their own risks like an insurance company does. The most sophisticated buyers already self-insure >90% of their risks through in-house insurance subsidiaries called “Captives”. Largest captives are larger than regional mutual insurers and yet remain underserved by insurance professionals.
The ask
We work with all mid-sized and large companies above $50M with no cap (our biggest lead is a FAANG). Intros to CFOs, Chief Risk Officers or Risk managers would be very appreciated!
Website: huscarl.io
