New York, NY, USA
Arbol is developing an insurance marketplace that connects weather exposed entities with capital providers including insurers and asset managers. Arbol’s parametric insurance platform removes information asymmetry and reduces administrative costs by leveraging objective data from satellites and weather stations.
COMPANY OVERVIEW
Weather is one of the primary sources of risk on the planet directly affecting the livelihoods of over 2.5 billion people and 70% of all businesses. Parametric weather insurance is based on predetermined, verifiable, and objective metrics that customers choose at the beginning of their contract, such as yearly deviation in rainfall amounts or temperature. After deciding on a premium and selecting a payout amount, the end user relies on Arbol’s platform to handle the rest.
THESIS FIT
Arbol has created a marketplace for parametric insurance leveraging a variety of geospatial data sets. The insurance industry has been an early adopter of space-based data toimprove its products and manage risk. Arbol is an excellent example of a specialized application that can be developed, leveraging a more open and dynamic GeoInt tech stack.
