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This protection gap is marked by delays, disputes, instances of fraud, and a lack of specific climate risk products, compounded by insufficient industry infrastructure to tackle the escalating challenge of climate catastrophes disrupting global supply chains.
A single event can set off a chain reaction that ripples through our interconnected world.
22% above the 21st century average
Number of notable disaster events
Billion-dollar economic loss events
31% above the 21st century average
Billion-dollar insured loss events
Insured loss from Hawaii wildfire
Through parametric insurance products, Arbol offers swift, objective, and scalable coverage, addressing specific climate risks with no room for disputes or delays.
This innovative model not only closes the global protection gap but also ensures that from the smallest farmers to large corporations, all have access to reliable protection against climate volatility.
Parametric insurance operates on a model that pays out based on the occurrence of predefined triggers, such as wind speed or rainfall level, rather than traditional claims processing.
By directly linking payouts to measurable parameters, parametric insurance ensures rapid financial support in the aftermath of disasters, facilitating quicker recovery for those affected.
This approach allows for quicker, objective settlements without the need for extensive damage assessments, offering a transparent and efficient solution for managing risks associated with climate events.
