Yokahu is a fully automated insurance intermediary. We sell parametric insurance policies that are based on provable events rather than resulting losses. As soon as a defined parameter is met - wind speeds reach 74 miles per hour in your set location for example - your policy pays a predetermined amount automatically, within hours.
We spent two years developing technology to automate this insurance experience for people, creating the distribution network to reach those people efficiently, and testing the data to ensure a reliable outcome.
We achieved our position as a Lloyd's of London Coverholder and launched operations in November 2021. Sales began in nine Caribbean islands in May 2022.