Precursory
Precursory · MGA

Parametric insurance
for supply chain volatility.

Freight rates swing. Fuel spikes. Margins compress overnight. Precursory writes parametric guarantees against the volatility that's structurally built into supply chains — so a bad quarter for the market doesn't have to mean a bad quarter for you.

Disruption Feed
macro & micro signals · live
12 sources
monitored
macro Port congestion
macro Geopolitical risk
macro Weather event
macro Fuel price spike
micro Detention at dock
micro Lane rate swing
micro Margin compression
micro TONU / cancellation
macro Demand shock
micro Layover delay
macro Capacity crunch
micro Accessorial spike
Macro disruption Micro / load-level
Fuel surcharges are supposed to pass volatility through. In practice, the lag between the spike and the surcharge update is where margin quietly disappears. We insure that lag.
Fuel Price Volatility
Energy solved margin volatility with index-based derivatives — and accepted basis risk as the cost of not seeing inside the plant. We can see inside the brokerage.
Brokerage Margin Volatility
Detention, layover, and TONU don't show up in the rate sheet — they show up in the actuals, three weeks later, as a number nobody budgeted for. We cap that number before it lands.
Accessorial Cost Volatility
Products

Guarantees against the volatility you already live with.

Each product targets a specific source of supply chain volatility — priced parametrically, triggered by data you already generate, and paid out without a claims fight.

P-01
MMG

Minimum Margin Guarantee

Margin insurance · Brokerages

Guarantees that a brokerage's quarterly portfolio average margin won't fall below a defined floor — triggered by TMS-verified load-level data, with zero basis risk. If realized margin dips below the floor, the gap is paid out automatically.

Live · pilot pricing $2.00/load
P-02
ACG

Accessorial Cost Guarantee

Expense insurance · Shippers

Caps a shipper's exposure to accessorial costs — detention, layover, TONU, and other fees that spike unpredictably and erode freight budgets. Verified against shipment-level data, so payouts track real exposure rather than an industry average.

Design partner pilots underway
P-03

Rate Volatility Guarantee

Coming soon

A parametric guarantee against freight rate swings — for shippers and brokers exposed to spot market volatility on key lanes.

In development
How It Works

From your operational data to a payout — by product.

Every Precursory product follows the same shape: real operational data in, a verified calculation, and an automatic payout if you cross the line. The data source and the trigger change by product.

01 / TMS DATA

Load-level feed

Your TMS streams revenue and cost data for every load — automatically, with no manual reporting.

Mastery · McLeod integrations live
02 / MARGIN CALC

Portfolio margin, verified

We compute your realized quarterly portfolio average margin directly from that data — the same number you already track internally.

Zero basis risk by construction
03 / FLOOR & PAYOUT

Indemnity, automatically

If your realized margin falls below the agreed floor, the gap is paid out — no claims adjuster, no dispute over whose number is right.

Settled from your own ledger
Pricing
Rate = $2.00 × ( Avg Load Revenue / $2,000 benchmark )
01 / SHIPMENT DATA

Accessorial feed

Detention, layover, and TONU charges are captured at the shipment level as they're billed — straight from your TMS or accounting system.

No manual claims paperwork
02 / EXPOSURE CALC

Accessorial spend, verified

We compute your realized accessorial cost against the agreed cap — using the same shipment data your team already reconciles.

Tracks real exposure, not an industry average
03 / CAP & REIMBURSEMENT

Reimbursement, automatically

If accessorial spend exceeds the cap, the excess is reimbursed — settled directly from verified shipment data.

Settled from your own ledger
Coverage
Reimbursement = Realized Accessorial CostAgreed Cap
Team

Operators who've sat inside the ecosystem.

Mohan Krishnamurthy

Mohan Krishnamurthy

CEO & Co-Founder
hover for bio

Led product for driver incentives and pricing at Uber and Amazon — building real-time supply and demand systems that priced risk at the load level, every day, at scale.

Austin Kinney

Austin Kinney

CTO & Co-Founder
hover for bio

Previously led technology for USXpress's brokerage operation — the shipper-integration and TMS work that makes Precursory's zero-basis-risk data pipeline possible.

FAQs
Precursory is an MGA building parametric insurance products for the freight logistics supply chain — guarantees that pay out automatically when a defined operational threshold is breached, based on data you already generate.
Hedges settle against an external index and carry basis risk. Precursory's products settle against your own verified operational data, so there's no gap between what's insured and what actually happened in your business.
Precursory operates as a Managing General Agent, underwriting and administering policies on behalf of capacity partners. We're pursuing Lloyd's Coverholder status to bring these products to market with A-rated capacity.
Whatever your TMS or accounting system already produces at the load or shipment level — no new reporting process. We integrate directly with systems like Mastery and McLeod, and data is used only to calculate your coverage.
Once the trigger condition is met, payout is calculated automatically from your verified data — no claims adjuster, no manual review. Settlement timelines are defined in your policy.
MMG guarantees that your portfolio's realized margin over a policy period won't fall below an agreed floor — and if it does, the gap is paid out automatically.
Your TMS-reported portfolio average margin falling below the floor defined in your policy, calculated from the same load-level data your team already tracks internally.
The floor is set based on your historical margin performance and book composition, so it reflects your actual risk profile rather than an industry-wide average.
MMG is a portfolio-level guarantee — it's designed to protect against systemic margin compression across your book, not isolated load-level losses.
Fuel price swings, freight rate softening, and demand shocks are common drivers — anything that compresses the spread between what you bill and what you pay, market-wide.
ACG caps your exposure to accessorial costs — detention, layover, TONU, and similar fees — so that if realized costs exceed an agreed cap, the excess is reimbursed.
Detention, layover, TONU, and other accessorial fees that show up in shipment-level billing — costs that spike unpredictably and erode freight budgets after the rate is locked in.
The cap is set based on your historical accessorial cost distribution, so it reflects your real exposure rather than a generic industry benchmark.
No. Reimbursement is calculated directly from verified shipment data once realized cost exceeds the cap — no adjuster, no separate claims filing.
ACG is primarily designed for shippers managing accessorial cost exposure across their freight spend, though brokers managing accessorial pass-through can also use it.