Otonomi
Next generation insurance for time-critical freight
Overview
Otonomi is a next-generation insurtech company providing parametric cargo delay insurance for global trade disruption. The company's blockchain-enabled platform transforms traditional cargo insurance through AI-powered underwriting, smart contract automation, and rapid claims settlement, addressing a $50 billion annual gap in supply chain disruption coverage.
Founded in 2021 by Yann Barbarroux, Otonomi recognized that traditional insurance policies historically excluded delays, making it impossible for shippers and logistics providers to protect against the financial impacts of cargo disruption. The company's parametric approach focuses on a single parameter - transit time delay - enabling transparent, objective claims resolution without manual intervention.
Operating as both a technology platform and a managing general agent (MGA), Otonomi enables insurance carriers and reinsurers to deploy customized parametric products efficiently. The platform generates cargo risk pricing in milliseconds and typically pays claims within 48 hours - 22x faster than the industry standard of 45 days.
Products & Services
Freight Delay Protection
Parametric insurance for cargo delays across air, ocean, and ground transportation.
Key Features
- Instant cargo quotes in 0.47 seconds via AI-assisted underwriting
- Claims paid within 48 hours (22x faster than industry standard)
- Seamless API integration saving 249 hours annually
- Parametric claims mechanism with full transparency
Target Users: Logistics Providers, Freight Forwarders, Manufacturers, Shippers
Cargo+
Supplemental coverage complementing existing open cargo policies.
Key Features
- Business interruption and delay coverage
- Digital quote, bind, and claims process
- Complements traditional cargo insurance
- Unlocks protection for previously uninsurable delays
Target Users: Shippers with existing cargo policies, Risk Managers
At a Glance
- Founded
- 2021
- Headquarters
- New York, NY
- Employees
- 11-50
- Funding
- Series A
Category & Focus
- Category
- Parametric Insurance
- Subcategories
- Cargo Insurance Supply Chain Risk Blockchain Insurance
- Insurance Verticals
- Specialty Marine & Cargo
- Target Customers
- Carriers, Reinsurers, MGAs, Logistics Providers, Freight Forwarders
Customers
- Life sciences companies (pharmaceuticals, vaccines, cold-chain logistics)
- Perishables shippers (produce, flowers, seafood)
- Aerospace & Aviation (AOG, MRO operations)
- Hi-Tech manufacturers (semiconductors, electronics)
- Automotive (parts, OEM, manufacturing lines)
- Specialized Transportation (fine arts, livestock, events)
Last updated: 2026-03-25