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Arbol raises $7m Series A for parametric weather risk platform

Arbol, Inc., the marketplace technology provider that supports parametric risk transfer or weather insurance and utilises smart contracts, has raised a $7 million Series A funding round to help grow its business. Arbol said that the Series A was oversubscribed and completed at much higher valuation from its initial seed funding read the full article →

AbsoluteClimo & AKR Zell team up to provide climate-driven risk services

AbsoluteClimo, a climate and weather modeling, forecasting and risk management firm based in Hawaii, has teamed up with AKR Zell, a Singapore-based actuarial consultancy, with the collaboration set to deliver climate-driven risk services to the insurance, reinsurance and insurance-linked securities (ILS) sectors. The pair have spotted an opportunity to fill gaps read the full article →

Global Parametrics & JBA design parametric flood cover for VisionFund

Global Parametrics, the parametric and index-based disaster risk transfer company, has partnered with risk modelling specialist JBA Risk Management to design a parametric flood insurance product for VisionFund to cover flood risks in Myanmar. VisionFund International is a division of global charity World Vision and oversees its microfinance operations, providing loans read the full article →

Global Parametrics & Hannover Re complete index-based water risk transfers

Global Parametrics has structured and backed with capital from its Natural Disaster Fund (NDF) two index triggered water risk transfer arrangements covering smallholder farmers in India and Tanzania, with reinsurance giant Hannover Re providing some of the risk capital to support the deals. The two parametric risk transfer arrangements have been read the full article →

MSI GuaranteedWeather develops dual-trigger weather derivative

MSI GuaranteedWeather, LLC, a weather risk transfer focused subsidiary of MS&AD's Mitsui Sumitomo Insurance Co., Ltd. (MSI), has developed a dual-trigger weather derivative product to help a renewable energy producer hedge the effects of two weather variables at the same time. In its first-use case, the dual-trigger weather derivative has been read the full article →

AbsoluteClimo updates climate catastrophe risk & financial models

AbsoluteClimo, a climate and weather modeling, forecasting and risk management firm based in Hawaii, has announced upgrades to its core service of climate catastrophe risk models and climate financial modelling tools. The two products, G๏TCHA and Clim๏Cats, are financial models linked to global climate physics and machine learning predictions and for read the full article →

Climate not the only uncertainty with peak perils: Dr. Jamie Rodney, Twelve Capital

In light of its uncertain but apparent influence on both the frequency and severity of natural catastrophe events, it's no surprise that climate change is at the forefront of the minds of catastrophe risk underwriters, investors and of course model vendors, but it's important to remember that this is not read the full article →

MS&AD backed Vortex launches instant parametric rain insurance

Vortex Insurance Agency, a specialist parametric insurance and weather risk transfer agency backed by the MS&AD group's Mitsui Sumitomo and a subsidiary of MSI GuaranteedWeather, LLC, has launched a new online portal through which businesses can buy parametric rainfall insurance instantly. Vortex is a front-end distributor of parametric weather insurance products read the full article →

Arbol lines up $250m non-traditional capacity, targets $1bn+ next year

Arbol, a provider of marketplace technology that supports parametric risk transfer or weather insurance and utilises smart contracts, told us that it has lined up $250 million of capacity from non-traditional market sources to help it expand. Arbol acquired well-known specialist provider of weather risk transfer and weather hedging solutions eWeatherRisk read the full article →

Global Parametrics & Hannover Re back another Arbol-powered weather risk pilot

Global Parametrics and reinsurance giant Hannover Re are together supporting a weather risk insurance pilot scheme that is powered by Arbol’s technology and smart contract driven marketplace for weather risk transfer. The pair are supporting the AGRIBEE Crop Insurance Pilot with capacity to enable the provision of extreme weather protection cover read the full article →