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 to improve 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.
