Parametric insurance is a fast, transparent alternative to traditional indemnity cover. Instead of assessing physical damage, it pays out automatically when a pre-agreed trigger — such as wind speed, rainfall, or earthquake intensity — is met.
This approach eliminates claims delays, simplifies coverage, and provides liquidity exactly when it's needed.
Parametric solutions are increasingly used to protect against climate-related and systemic risks, particularly in regions or sectors where traditional insurance is too slow, expensive, or unavailable.
On cat-risk a broker can prepare quotes for clients in just a few seconds
Access a wide range of easy to use pricing tools with algorithmic support to guide you through the process. Create fine-grained payout structures, review historic events and test the product against historic events, create different versions to compare how products might have performed over time, and produce quotes for clients
Platform algorithms will automatically search out the cheapest price from all available capacity ensuring your client gets the best deal
Cat-risk.com has pre-approved capacity which means that subject to the carrier's conditions, quotes can be bound instantly without additional underwriting delays
Cat-risk.com automatically aligns risk submissions with different carrier appetites based on peril, geography, and attachment points, including facilitating co-insurance structures
Cat-risk's pricing algorithms are broker independent and calculate pricing based on pure risk, together with carrier appetite. All market participants receive the same quoted price, removing the advantage of size and scale
The cat-risk.com platform includes easy-to-share product sheets and trigger tables as well as (coming in late 2025) structured product explanations to help guide a client through a purchasing decison
Clients can pay their premium through an online payment gateway via ACH, direct bank transfer or by card payment, reducing Broker administrative burden and credit control issues
Step 01
Brokers and insurers can quickly place requests on behalf of their clients on the cat-risk.com platform
Step 02
The platform allows the broker to fine-tune cover, price, quote and underwrite the policy using behind-the-scenes machine learning and platform algorithms
Step 03
The platform digitally binds using cheapest available capacity, issues policy documents and processes the premium for all parties
Step 04
Yokahu's platform then monitors the weather in the insured locations and automatically identifies exposure and claim events. Client payments are calculated and initated automatically, near-immediately