2021 | Insurance | Promising | SDG13 | United States

1. General


SDG 13: Climate Action



2. Project Details

Company or Institution




General description of the AI solution

Arbol uses a unique AI underwriter to price all of its weather insurance contracts to keep premiums as low as possible to make coverage/insurance products more accessible and affordable for underserved farms and businesses. Arbol's platform covers businesses and farms who are exposed to various forms of climate and weather risk (ex. excess rain, drought, etc.)





3. Aspects

Excellence and Scientific Quality: Please detail the improvements made by the nominee or the nominees’ team or yourself if your applying for the award, and why they have been a success.

Arbol uses cutting edge statistical and physical modeling on vast volumes of weather data to understand trends, periodicity, and moments of the weather distribution.

Data from worldwide pressure systems such as NAO, SOI (El Niño), PDO, and other teleconnections provide further confidence to pure statistical projections.
Incorporate regime shifts introduced by climate change effects specific to different locations.

Scaling of impact to SDGs: Please detail how many citizens/communities and/or researchers/businesses this has had or can have a positive impact on, including particular groups where applicable and to what extent.

Arbol currently serves nearly 1,000 institutional clients in just the second year of live transactions for the platform. Many of the clients it serves are independent farmers in rural or underserved regions who otherwise would not have access to coverage for various forms of climate or weather risk. Using the AI underwriter, Arbol is able to keep prices affordable, and using a parametric structure, is able to make the coverage process transparent and efficient (guaranteed payouts when data indicates a loss, no claims process, paperwork, or risk adjustors)

Scaling of AI solution: Please detail what proof of concept or implementations can you show now in terms of its efficacy and how the solution can be scaled to provide a global impact ad how realistic that scaling is.


Ethical aspect: Please detail the way the solution addresses any of the main ethical aspects, including trustworthiness, bias, gender issues, etc.



International Research Centre
on Artificial Intelligence (IRCAI)
under the auspices of UNESCO 

Jožef Stefan Institute
Jamova cesta 39
SI-1000 Ljubljana



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