NEW YORK (July 20, 2023) – Arbol, a global leader in climate risk solutions, announced its strong performance for the first half of 2023 today. The company saw substantial increases in gross written premium (GWP) for the first half of the year, surpassing its performance in the first half of 2022.

Arbol announced it has now transacted more than $1 billion in notional risk to date since its launch in early 2020. This showcases the trust businesses place in Arbol for their climate risk-coverage needs.

"We're very proud of the amazing growth and significant achievements Arbol has made in the first half of 2023,” says Sid Jha, Founder and CEO of Arbol. “Our dedicated team, as well as the trust from our clients and partners, have made this possible. As we continue to grow globally and develop new products, we remain committed to driving innovation, promoting transparency, and supporting resilience in the climate risk-management sector."

Fueling its rapid growth, Arbol has seen significant success in the energy and agriculture sectors, owing in part to its bespoke technology solutions. A collaboration with global specialty insurer Beazley on a Lloyd’s coverholder facility for Arbol’s U.S. insurance business has further augmented this growth.

In June, Arbol took a major step in an initiative with The Institutes RiskStream Collaborative by launching dRe—the industry's first blockchain-powered platform for reinsurance. This innovative platform leverages smart contracts to streamline parametric loss calculations for natural catastrophic storms, heralding a new era of efficiency and transparency in the insurance sector. The versatile design of dRe opens up avenues for rapid, auditable, and reliable payouts for a plethora of potential hazards.

With sights set on expansion, Arbol is primed to extend its technology-driven solutions into Europe, LATAM, and APAC. As part of this expansion, Arbol is working on developing products to address the distinct climate risks in these regions. Equipped with proprietary pricing platforms and AI-powered underwriting for scaling distribution, robust climate data infrastructure, and a suite of tailored, parametric financial products like insurance, Arbol is well suited to address climate risks globally across balance sheets and supply chains.

Showcasing a strong start to 2023, Arbol's performance is a testament to its commitment to providing industry-leading climate risk solutions. With a sturdy foundation and an unwavering focus on innovation, Arbol is uniquely positioned to redefine how businesses globally manage and mitigate their climate risks.

About Arbol:

Arbol is a leading global climate risk-coverage platform that offers innovative parametric insurance solutions to businesses seeking to manage climate risk exposure. By leveraging advanced technologies such as AI underwriting, big data, and blockchain-powered operational efficiencies, Arbol brings scale, transparency, and efficiency to the climate risk insurance space. With a diverse range of products and a global footprint, Arbol is dedicated to driving innovation and collaboration to support climate-friendly investment and help organizations manage climate-related risks effectively.

For media inquiries, please contact: press@arbol.io