Raincoat is an insurtech company that provides a B2B platform enabling insurers, financial institutions, and governments to offer parametric insurance for climate-related disasters. Founded in the aftermath of Hurricane Maria in Puerto Rico, the company's mission is to protect individuals and businesses from the financial disruptions caused by climate change. Their technology automates the entire insurance lifecycle, from underwriting and sales to claims processing, facilitating rapid, trigger-based payouts without the need for traditional loss assessment.