MILKSHAKE

 

MILKSHAKE empowers small and mid-sized businesses by reducing extreme weather event risks through data- and technology-led parametric

Milkshake®

Climate change is driving higher average temperatures and more intense, longer lasting heat waves in the US causing heat stress in livestock which significantly reduces dairy cow milk production*. Milkshake® provides dairy farmers compensation for lost revenue and higher expenses when the temperature-humidity index (THI) reaches higher-than-normal levels, impacting a herd’s milk production and quality.

Dairy Industry Pain

Dairy is a global industry, with losses due to heat stress estimated at well over $1 billion per year in the US alone. Today, dairy farmers use costly climate-controlled barns, sprinklers, and fans to mitigate bovine heat stress, but these methods restore only a portion of a herd’s milk production and are very expensive to operate. Creditors are now concerned about severe weather’s impact on farm revenue volatility, and traditional commercial insurance options do not cover weather-related risks of lost production

Milkshake Webinar

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A Better Solution

Milkshake’s proprietary products and pricing models utilize leading weather data and geospatial technology, embedded AI technology, and 24/7 monitoring ensuring transparency and immediacy, and dramatically simplify claim processes for policyholders and distribution partners.

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Clear and simple triggers remove the mystery of claims

Immediate, automated claims processing, providing funds to customers in real time after a loss event

Continuous weather data monitoring allowing insurance carriers to project and quickly react to outcomes

New product innovation, even when there is sparse historical claim data available

Aggregate capacity and limits to cover all sizes of dairy farms

Proprietary modeling, accounting for historical and projected weather of the farm location

Covers currently uninsurable risk, and addresses existing gaps left by traditional products

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