Arbol Inc. announced today that Scott Klemm has joined the company as its energy products specialist. He will be responsible for originating and structuring parametric energy risk products and helping Arbol grow across the traditional and renewable energy sectors. Scott is an experienced commodities trader with vast experience across the weather, energy and agricultural commodity markets.
“Scott’s experience and expertise in the weather and energy risk markets will be a valuable addition to our team as we look to expand our product offerings for both traditional and renewable energy businesses,” said Sid Jha, Arbol’s founder and CEO. “Arbol’s growing team of experts like Scott, along with our dedicated risk capacity and cutting edge platform will allow us to work closely with energy businesses large and small to customize coverage programs that work for them. Arbol’s innovative use of data and new technology will make it easier for businesses in the energy sector to protect themselves against weather risk and become more resilient in the long-term against catastrophic weather events like what we’ve recently seen in Texas.”
Before joining Arbol, Scott worked in the commercial, merchant and hedge fund environments trading both physical and financial commodities. He began his career at Swiss Re in weather risk management and has since worked for Saracen Energy, Aventine Renewable Energy, Chemoil and Noble Group during his career. He holds an M.S. from The University of Chicago.
Arbol Inc. announced last year that it had secured in excess of $1 billion of dedicated risk capacity to expand its existing line of customizable weather risk solutions for businesses large and small in new industries.
Arbol is an InsurTech platform for parametric products that pay quickly and fairly covering external risks such as unexpected weather. Arbol leverages big data and cutting edge technology (AI, machine learning, blockchain) to bring transparency and efficiency to the weather risk market while providing a simple and hassle free user experience. Arbol’s products currently serve individuals and businesses in the agriculture, energy, maritime and leisure industries.