Case Study: Centauri Insurance achieves rapid hurricane risk protection with Arbol's parametric reinsurance

Arbol's parametric reinsurance solution empowers Centauri Insurance after hurricane Ian

Cent stability following major hurricane events like Hurricane Ian, which caused immense industry losses and strained traditional, slower claims processes. Seeking an innovative risk mitigation strategy, the customer partnered with vendor Arbol to implement a parametric reinsurance solution tailored for hurricane risks.

Arbol's meticulously designed parametric coverage used pre-agreed, objective data triggers based on storm tracks and wind speeds to determine payouts. This solution provided Centauri Insurance with a rapid $10 million payout just three weeks after Hurricane Ian, which offered crucial financial support and enabled operational continuity. The successful outcome led to an ongoing partnership, with Arbol providing additional parametric protection for the subsequent hurricane season.

Centauri Insurance

Robert Courtemanche

Chief Executive Officer