Typhoons, tropical cyclones and hurricanes are amongst the most destructive weather phenomena. High wind speeds pose risk to life, homes, businesses and infrastructure, compounded by secondary risk of storm surges, flooding, landslides and tornadoes.
Yokahu has developed a range of parametric TC products including cat-in-a-circle, wind speed at location, air-pressure triggered, multi-location and cat in a polygon. They rely on trusted data providers and industry approved calculation agents such as ReAsk and RMS
Flooding is higly disruptive and expensive, yet can be very localised. Floods can cause not only high levels of property damage but also be the cause of significant secondary and tertiary losses.
Yokahu has developed parametric flood insurance in conjunction with Floodbase for several markets including Florida, Louisiana and Texas
Similar to other natural weather disaster events, earthquakes can cause not only major property damage but have devistating impacts on business and communities, with secondary losses extending to emergency response, business interruption and other non-asset losses.
Yokahu makes available parametric earthquake insurance based on USGS data, designed around magnitude in a circle, magnitude in a polygon, peak ground acceleration and peak ground velocity
Hail events can be very localised as they occur as a result of strong updrafts in thunderstorms. At the same time, hail can cause extensive losses due to damage not only to roofing, solar panels, vehicles, structures as well as business interruption and event cancellation.
Yokahu's parametric hail insurance product is designed around maxium hail size and is exclusively available on the cat-risk.com platfom
The average fire season is lengthening with hotter land and air temperatures increasing susceptibility of previously unaffected areas. Insurance against wildfires provides funds to rebuild, relocate and restabilise communities and workforce
