Arbol, the provider of marketplace technology supporting parametric risk transfer and weather insurance, utilising smart contracts, has made a key hire, bringing onboard Hong Guo from GC Securities as its Chief Insurance Officer.
Hong Guo joins Arbol as Executive Vice President and Chief Insurance Officer and will lead all insurance related strategy and operations for the company.
Guo has almost three decades of global insurance and reinsurance market experience, beginning in China at PICC in the companies reinsurance division and then moving to work at reinsurance broker Guy Carpenter in 1997.
In his time at Guy Carpenter, Guo worked in insurance-linked securities (ILS) distribution and structuring, in the GC Securities unit based in New York.
That expertise will be invaluable to Arbol as it scales up the parametric and weather risk transfer programs it facilitates and underwrites, with Guo’s ILS connections perhaps able to open up new risk capital sources for the firm.
“We are privileged to be able to add an experienced global (re)insurance executive of Hong’s caliber to the Arbol team,” Sid Jha, Arbol’s founder and CEO commented. “Hong’s decades of industry experience and his forward-looking vision of the industry’s future will be a critical asset as we look to expand our existing line of parametric products and serve clients in new industries and regions around the world.”
“I’m excited for the opportunity to join Arbol and to work with a team that is leveraging its AI-powered proprietary pricing platform, along with data, analytics and blockchain technology to broaden the adoption of parametric insurance,” added Hong Guo. “I look forward to bringing innovative, data-driven insurance products to a wider range of customers as part of Arbol’s aim to contribute to the industry’s effort to close the protection gap.”