We're elated to announce that Arbol has been the recipient of the Underwriting Innovation of the Year award from Insurance Insider — the industry-leading news organization trusted by insurance professionals. This prestigious award recognizes our groundbreaking dRe platform and underscores our commitment to driving efficiency, transparency, and resilience in the insurance and reinsurance sectors.
Developed in partnership with The Institutes RiskStream Collaborative, the dRe platform is the first on-chain data calculation tool for reinsurance. Utilizing smart contracts and weather data validated by dClimate, the platform automates parametric loss calculations, making for swift payouts and streamlined processes.
The adaptability of dRe is its hallmark—capable of handling diverse perils such as rain, heat, or wind. The platform even has the capacity for non-parametric insurance event notifications, further broadening its applicability. With dRe, Arbol is redefining what's possible in the reinsurance landscape.
Reflecting on what the award means for the company, Arbol’s Founder and CEO Sid Jha observed: "We’re tremendously honored to receive the Underwriting Innovation of the Year award from Insurance Insider. This recognition validates our unstinting efforts to bring a new level of transparency and efficiency to the industry. With this award, we're not just celebrating our current innovation; we're setting the stage for a future where blockchain technology and smart contracts extend their transformative power across the entire spectrum of insurance risks."
As a pioneer in climate tech, Arbol's mission extends beyond insurance to encompass a broader ambition — bolstering climate resilience worldwide. The dRe platform fits perfectly within this vision by utilizing advanced technologies like AI and blockchain to offer speedy, precise, and transparent solutions for risk management.
For more information about the dRe platform, you can read the coverage on CoinDesk.