Protecting raw deals

A FINTECH solution like no other, UK developer ChAl's new price risk insurance is easing strain on firms buying raw materials with a buffer securing cost calculations against the destructive forces of global turmoil.

- Maisha Frost

ChAI's innovation ChAI Protect, driven by artificial intelligence, breaks down barriers by providing a comprehensive range of cover for everyday materials used across manufacturing from chocolate bars and pharmaceuticals to beer and luxury cars.

But ChAI's tech goes further by making protection available for the first time in sectors such as recycled materials, encouraging wider take up of the sustainable cyclical economy.

Using intelligence once the preserve of large organisations, Protect helps to create stability and growth by "delivering accessibility with simply arranged raw materials cover for firms of all sizes from SMEs to Fortune 500s, protecting margins in a world of unparalleled price moves," explains ChAI chief executive and co-founder Dr Tristan Fletcher.