InsurTech Magazine May 2023 | Page 97

Kita
TOP 10
Carbon Insurance for the Climate Crisis

02

Kita

Kita is a UK-based carbon insurance specialist that helps companies to reduce risk in carbon credit transactions . It previously raised £ 4mn in seed funding and has now announced its Carbon Purchase Protection Cover , which insures the purchaser of carbon removal credits against carbon delivery risk . It is hoped the product will remove a significant protection gap that exists in the carbon removal market and lead to greater flows of capital into carbon removal projects , which have received an influx of interest from brands looking to demonstrate their eco credentials . insurtechdigital . com 97