Kettle Insurance is a startup that operates in the commercial property insurance and reinsurance market, specifically catering to property owners in areas prone to catastrophic climate events. The company leverages artificial intelligence (AI) to create smarter insurance products that offer better protection against climate change-induced catastrophes.

Kettle's business model is two-fold. Firstly, it offers property insurance to owners who are either being dropped or facing exorbitant rate hikes due to the impact of climate change on the broader insurance industry. Secondly, it provides reinsurance coverage for specific perils such as wildfires and hurricanes.

The company's unique selling proposition lies in its proprietary risk assessment model. This model, powered by AI, evaluates risk across dozens of variables specific to individual properties. This high-definition view of risk ensures that property owners pay a fair price for their coverage.

Furthermore, Kettle's model can also determine how certain mitigation measures may lower insurance premiums. The company provides property owners with the same risk insights it uses to underwrite their property, and then connects them with providers who can help mitigate those risks.

Kettle's AI models consume over 130 terabytes of satellite, weather, real estate, and utility data, extracting 70 risk indicators to simulate millions of potential scenarios. This data-driven approach allows Kettle to predict catastrophic events like wildfires with a high degree of accuracy.

In summary, Kettle Insurance is a forward-thinking startup that uses AI to provide fair and comprehensive insurance and reinsurance solutions to property owners in climate risk-prone areas.

Keywords: Kettle Insurance, Commercial Property Insurance, Reinsurance, Climate Change, Catastrophic Events, Artificial Intelligence, Risk Assessment, Risk Mitigation, Data-Driven, Predictive Modeling.