About Stable
Our advanced technology enables us to deliver price risk management solutions and liquidity into commodities where no futures markets exist. We can go where your business needs us, without compromise.
Hedging is Hard. Stable makes it Simple!
Combining modern data science with an old-fashioned customer focus has enabled Stable to reimagine risk management. We focus on the 90% of commodities around the world that can’t be hedged currently on a futures market. That’s a big problem to solve ($5 trillion in risk, to be exact), which has never been done before.
Stable offers a safe harbor for businesses exposed to volatile prices. We do this by hosting thousands of 3rd party indexes that are local, or tightly correlated to the physical risks our clients are facing. From financial controllers to farmers, Stable has democratised hedging for businesses of every size and sector to create the financial stability they need to invest in the future with confidence.
We’re currently rolling out across the US, with teams in Chicago, NYC and Austin, together with our overseas offices in London, Amsterdam and Bermuda. Our current focus is on the agri-food commodities, before expanding rapidly to the packaging, shipping, renewable energy, and construction industries.
Our Story
Stable was founded in 2016 by our CEO Rich Counsell, the son of a farmer who experienced firsthand the impact of volatile prices growing up on the family farm.
While working in Chicago in 2015, there was a crash in milk prices that devastated incomes for thousands of businesses.
Many of them would have been saved if they’d managed this risk, but Rich realized that hedging price risk was a complex, risky and intimidating experience for businesses more interested in safety, than speculation.
“When trading shares on platforms like Robinhood has never been easier, why should it feel like you need a PhD to simply protect your business from volatile prices?”
After the initial R&D support from academics at Harvard, Liverpool and Lisbon Universities, Stable went on to build the worlds largest parametric insurance platform that could host over 5000 third-party indexes from 70 countries.
The indexes on the platform are used as a highly correlated reference price for the settlement of our contracts, providing transparency and rapid payouts without a claims process.
After gaining support from leading syndicates at Lloyd’s of London, Stable went on to gain regulatory approval in the US and Bermuda, where it accesses highly rated risk capital from both reinsurers and capital markets.
Fast forward to 2021 and many of Americas leading agri-food businesses are now using Stable to smooth their income and manage the risk of volatile prices.
From a simple idea to reimagine risk management, the company is now one of the world’s fastest growing insurtechs. Our vision to make hedging available to businesses of every size and sector, still guides the team as they continue to redefine an entirely new category of risk management.