AXA Climate, a leader in climate risk management, and Treemetrics, a pioneering forest management company, have announced a strategic global partnership aimed at delivering an innovative forestry insurance product.
This new insurance solution is designed to provide comprehensive cover for forestry fires and storms, addressing the escalating concerns of forestry owners and investors about the impacts of climate change.
As the frequency and severity of natural disasters continue to rise, driven by climate change, the need for robust and reliable insurance products has never been greater.
This partnership leverages the expertise of both companies to offer a product that not only provides financial protection but also employs cutting-edge technology and scientific insights to better understand and mitigate these risks.
Enda Keane, CEO of Treemetrics, highlighted the critical timing of this product launch, stating, “Over our past 19 years in business across the globe, we have observed firsthand the ever-increasing rise in catastrophic storms and fires. Our collaboration with AXA Climate aims to address these challenges head-on, providing forest owners with the security and peace of mind they need to manage their investments effectively.”
Quentin Voituron, speaking on behalf of AXA Climate, emphasized the innovative approach of the partnership, saying, “We look forward to partnering with Treemetrics to come up with a fine-grained product that makes sense to forest owners and forest managers, at the right price!”
This partnership marks a significant step forward in providing comprehensive and technologically advanced solutions to the forestry sector, ensuring that forest owners can protect their assets and invest with confidence in a changing climate.