Arbol
Arbol is a global climate risk coverage platform and FinTech company based in New York, founded in 2018. The company specializes in parametric insurance solutions that help businesses and individuals manage exposure to climate and weather risks. Operating in over 15 countries, Arbol has raised between $67 million and $76.19 million in funding, including a $60 million Series B round in April 2024. Arbol's primary offering is parametric insurance, which provides payouts based on objective data triggers such as rainfall and temperature deviations. The company also offers custom climate risk solutions for agriculture and energy sectors, AI-driven underwriting tools for personalized coverage, and blockchain-enabled smart contracts for automated payouts. With a focus on integrating data, AI, and risk capital, Arbol aims to enhance financial climate resilience for clients of all sizes across various industries, including agriculture, energy, maritime, and hospitality.