Continuing its expansion into further perils and geographies, Arbol has launched a new parametric wildfire insurance product for commercial and residential properties in high-risk wildfire regions in the U.S., with coverage limits up to $10 million.
The firm’s new wildfire parametric initiative, which will target California, Colorado, Arizona, and other Western states, is backed by Somers Syndicate, a Lloyd’s syndicate.
The product will be led by Amit Shah, Collin Chen and Taimur Chaudhri, who reportedly hold deep experience in building parametric wildfire portfolios with excellent underwriting results.
Arbol said that their expertise in parametric wildfire underwriting and distribution is a core part of its strategy to scale into climate-exposed insurance markets where traditional carriers are pulling back.
“In California alone, over 150,000 homeowners have lost access to private coverage in recent years, while the FAIR Plan has ballooned with limited coverage options and rising premiums,” Arbol said.
The firm noted that its parametric product will deliver fast, transparent payouts triggered by objective wildfire indicators, eliminating the need for traditional loss adjustment and enabling rapid recovery.
“With maximum limits of $10 million, the product is designed to meet the needs of both residential and commercial policyholders facing rising deductibles, exclusions, and non-renewals in traditional markets,” Arbol added.
Sid Jha, CEO of the firm, commented, “There’s a deep need in the market for responsive, tech-forward wildfire coverage. As traditional carriers abandon these markets, the gap between rising risk and available coverage is only growing, leaving homeowners, businesses, and entire communities increasingly exposed.
“Our wildfire product is designed to bridge that gap with speed, precision, and financial strength. By combining proven underwriting expertise, transparent parametric triggers, and robust reinsurance support, Arbol is bringing scalable capacity back to a market in crisis, efficiently, reliably, at a time when it’s needed most.”
