Introducing Arbol Insurance Services’ Low Temperature Insurance: Shielding Businesses from the Cold

October 3, 2023
Arbol Insurance Services - low temperature coverageArbol Insurance Services - low temperature coverage

Over the past 40 years, freeze events have resulted in over $120 billion in economic losses. These figures underscore the serious challenges that temperature fluctuations pose to businesses across various sectors. In light of this situation, Arbol Insurance Services has developed a solution to shield businesses from the financial losses that freezing temperatures can inflict.

Understanding the Economic Impact of Freeze and Low Temperature 

Low temperatures can wreak havoc across industries such as:

  • Agriculture & Vineyards: A single frost event can decimate crops.
  • Energy & Utilities: Widespread ice accumulation can cause power outages and lead to shortfalls in renewable energy generation.
  • Transportation: Frozen runways and icy roads can hinder operations.
  • Construction: Cold conditions can adversely affect material setting and equipment functionality.
  • Real Estate: Icy conditions can lead to slip and falls, structural damage, or roof collapses.

Arbol's Low Temperature Insurance: Customized Cold Weather Protection

For insurance producers with clients vulnerable to low-temperature conditions, Arbol Insurance Services offers a solution: our Low Temperature Insurance. Designed for clients like farmers ineligible for Multi-Peril Crop Insurance, agribusinesses, fruit packers, vineyards, and wineries, our insurance provides tailored protection against the challenges of cold weather.

At the core of our offering is a custom temperature index, developed for each client based on trusted third-party data from sources like the PRISM Climate Group and the European Centre for Medium-Range Weather Forecasts' ERA5-Land dataset. This ensures precise and reliable risk assessments. Clients can choose multiple locations and assign weights to each, allowing for coverage that aligns with their specific needs.

Arbol's Distinction: Detailed Assessments with Flexibility

Arbol Insurance Services’ Low Temperature Insurance stands out for its detailed, hyper-local risk assessments. We recognize that even nearby locations can experience different temperature impacts, so our assessments reflect these nuances.

Our insurance is adaptable, catering to various businesses, from vineyards to fruit processors. With policies supported by syndicates at Lloyd's and available on the Arbol Insurance Services online platform, we provide both coverage and convenience. Our policies offer flexibility in duration, and we're equipped to support large deals, ensuring that every client gets coverage that's just right for them.

Leveraging Advanced AI for Precision

Arbol Insurance Services’ Low Temperature Insurance is backed by advanced AI and machine learning. These sophisticated technologies allow our platform to refine its predictive capabilities with each interaction. As the platform processes vast amounts of climate data, the machine learning algorithms identify patterns, trends, and anomalies, sharpening their predictive capabilities over time, and, in turn, continuously minimizing potential inaccuracies and human errors.

Turning Cold Challenges into Opportunities

By leveraging the insights and coverages offered by our insurance, businesses aren't merely defending against the cold; they're reimagining their strategies within it. Whether it's a vineyard rethinking its frost protection measures or a transportation company optimizing its logistics for icy conditions, our insurance lays the foundation for strategic adaptation.

But the potential continues beyond adaptation. The true power of Arbol Insurance Services’ Low Temperature Insurance lies in its ability to inspire innovation. Businesses open doors to new growth avenues by understanding and mitigating cold-related vulnerabilities. This could manifest as a construction company developing cold-resistant materials or a real estate firm exploring heated infrastructure solutions. In the face of the cold, Arbol Insurance Services equips businesses to transform vulnerabilities into dynamic strengths, creating opportunities where others only see challenges.

Arbol Insurance Services’ Dedication to Climate-Conscious Solutions

This offering epitomizes Arbol Insurance Services’ dedication to providing top-notch climate risk solutions. We're not just offering data; we're democratizing it so businesses, regardless of their size or the sector they operate in, have the insights they need to make informed decisions.

We invite you to explore the benefits of Arbol Insurance Services’ Low Temperature Insurance further. For more information and to get started, get in touch with us.


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