Adaptive Insurance and Whisker Labs Partner to Revolutionize Power Outage Insurance with Real-Time Grid Intelligence

Adaptive Insurance, a pioneer in parametric insurance, has teamed up with Whisker Labs to integrate Ting Insights into its GridProtect product, setting a new benchmark in power outage insurance. This partnership enables businesses to access insurance backed by real-time grid intelligence, ensuring claims are triggered, verified, and paid with unprecedented accuracy and speed.

The collaboration addresses a longstanding challenge in the insurance industry: the delay and dispute over power outage claims. Traditional methods often leave businesses in limbo, struggling with lengthy claims processes. GridProtect, enhanced by Ting Insights, changes this narrative by providing precise, hyper-local outage data, thereby eliminating ambiguity and accelerating claim resolutions.

GridProtect utilizes a nationwide network of over one million AI-enabled sensors from Whisker Labs to monitor the U.S. electrical grid. This integration allows for real-time detection of outages, ensuring that businesses receive immediate notifications and pre-agreed payouts without the need for customer intervention. This innovation is particularly crucial in an era where extreme weather events and an aging grid underscore the need for reliable outage detection.

Arik Yelovitch, CTO and Co-Founder of Adaptive, emphasized the importance of this partnership, stating, "By leveraging real-time, hyper-local power outage data from Ting Insights, we can deliver speedier financial support to businesses when they need it most." Bob Marshall, CEO of Whisker Labs, added, "Better data is good for everyone. With Ting Insights, we bring clarity where it’s most needed — when the grid is struggling to deliver safe, reliable power."

This partnership not only enhances the efficiency of power outage insurance but also sets a new standard for business interruption coverage. By combining real-time grid intelligence with parametric insurance, Adaptive and Whisker Labs are paving the way for a more resilient and responsive insurance model tailored to the challenges of the modern electrical grid.