Arbol provides climate risk coverage solutions that leverage data analytics to quantify exposure to climate-related hazards. The company offers customized insurance products that help businesses mitigate financial losses from climate risks, enhancing their operational resilience.
Funding
$69M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
OTFounders
Product
Problem
Traditional insurance models struggle to provide adequate and scalable coverage for climate-related risks, leaving businesses vulnerable to financial losses from increasingly frequent and severe weather events. Delays, disputes, and a lack of tailored climate risk products further exacerbate the problem, creating a significant protection gap.
Solution
Arbol offers a data-driven, parametric insurance platform that enables businesses to manage climate risk with greater precision and efficiency. By leveraging AI, machine learning, and blockchain technology, Arbol provides customized insurance products that trigger payouts based on objective, third-party data, eliminating the need for loss assessments and expediting claims processing. This approach ensures swift and transparent transactions, allowing businesses to quickly recover from climate-related events and enhance their operational resilience. Arbol's ecosystem includes a climate data infrastructure, an AI/ML underwriter, and a platform for enrolling clients in coverage.
Target Audience
Arbol serves a diverse clientele, including agriculture businesses, energy companies, travel operators, and reinsurance providers, seeking tailored insurance solutions to address unique climate-related challenges.
Features
- Parametric insurance products triggered by objective data, such as rainfall, temperature, and wind speed
- AI/ML-powered underwriting for precise risk assessment and pricing accuracy
- Expansive data infrastructure leveraging climate data from sources like NOAA, NASA, and ESA
- Blockchain-powered platform for transparent and efficient transactions
- Customizable coverage options tailored to specific climate-related risks
- Rapid claims processing and payouts, typically within 30 days of a qualifying event
- Solutions for agriculture, energy, travel, and reinsurance sectors