NEW YORK, May 14, 2021 /PRNewswire/ -- Arbol Inc., an
InsurTech platform for parametric weather protection products,
today announced it has partnered with RealTimeRental (RTR), the
original cloud based vacation rental & property management
software platform, to offer the first parametric weather protection
program for vacation rentals. This first-in-kind program will offer
vacation renters a simple solution to protect their vacation
against rainy weather.
"We are excited to partner with RealTimeRental to offer a
program that leverages Arbol's cutting edge technology and
hyperlocal, real-time weather data to give property managers the
ability to offer rainfall protection to their renters," said
Sid Jha, founder and CEO of Arbol.
"By basing settlements on objective weather data, we can help
vacation property managers differentiate their spots and offer
their clients peace of mind that their vacation will be
protected."
"We are pleased to partner with Arbol to give RealTimeRental
clients the opportunity to offer weather protection for the
vacation rental industry. The parametric weather protection is a
unique product that fills a need in the vacation rental industry.
Through this partnership, we are excited to offer property
management companies the ability to keep their rental guests happy
in the case of inclement weather during their vacation and help
differentiate their properties," said Joe
Testa, Co-Founder RealTimeRental.com.
The Arbol-RTR weather protection program automatically refunds
the renter's selected coverage amount if it rains for more than
half of their vacation. For example, the renter gets refunded their
coverage amount if it rains for four or more days of a seven-day
vacation. The program will be rolled out immediately for all
RealTimeRental customers.
About Arbol Inc:
Arbol is an InsurTech platform for
parametric products that pay users 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.
Arbol's proprietary pricing platform enables users to customize a
coverage program and get live pricing directly through the app.
Arbol's products currently serve individuals and businesses in the
agriculture, energy, maritime and leisure industries.
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About Real Time Rental:
RealTimeRental.com is a
leading cloud-based vacation rental software solution for rental
companies of any size. As the first web based vacation rental
software on the market in the year 2000, RealTimeRental has
consistently provided a comprehensive reservation and accounting
system for the past 21 years. In addition to the reservation
management tools and fully integrated trust accounting package,
RealTimeRental offers rental website integration options and online
portals for rental guests and property owners. As a cloud
based software, RealTimeRental clients have the peace of mind that
their reservation management system can be accessed 24/7 via the
cloud. Learn more at RealTimeRental.com
Media Contact:
Robert
Heilberg
press@arbolmarket.com
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SOURCE Arbol