Insurtech Arbol Launches Bermuda MGU, Focusing on Parametric Reinsurance

Arbol Inc., a New York City-based insurtech platform for parametric protection products, announced the launch of Arbol Underwriters Ltd. (AUL), a registered insurance agent based in Bermuda, which is focused on providing reinsurance capacity for parametric insurance risks.

AUL’s parent company, Arbol, is an insurtech platform and fintech company that leverages decentralized climate data, blockchain technology and artificial intelligence (AI) to power its proprietary pricing platform and to offer parametric protection products and SaaS services to help its customers transfer and manage climate risks.