Raw materials price insurer seeks FCA authorisation
ChAI, a UK startup that allows businesses to manage supply chain risk by insuring against fluctuations in the price of materials, is seeking authorisation from the Financial Conduct Authority to set up its own insurer, Post can reveal.
Having started out as a price forecasting business, the firm launched an insurance product called ChAI Protect earlier this year and is in commercial discussions with several prominent household names
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