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Arbol
Arbol is launching an insurance marketplace that connects weather exposed agricultural entities with capital providers like insurers and asset managers. ArbolÕs parametric insurance platform removes information asymmetry and reduces administrative costs by leveraging objective data from satellites and weather stations. Founded by Ben Andre, Philippe Heilberg, and Siddhartha Jha in 2018, Arbol is backed by investors that include Space Angels, Space Capital and is headquartered in New York.
FOUNDED:2018
FOUNDERS:Ben Andre, Philippe Heilberg, Siddhartha Jha
The organizers of Wimbledon had the foresight to purchase pandemic insurance after SARS in 2003, paying $31M in premiums. This year they were covered for $142M in losses. The pandemic has made business owners more cognizant of different types of insurance products available to protect them against often insurmountable losses as a result of unexpected disruptions. Arbol has introduced weather risk insurance, a
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