Typhoons 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.
Drought and Excess Rain
Too little rain leads to low crop yields and rising food prices, too much can risk soil erosion, flooding and property damage. Either extreme can disrupt safe water supply with lasting health and economic implications.
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.
Climate change is linked to increasingly frequent extremes of both hot and cold weather. As temperatures become less stable, so do lives and livelihoods. Insurance linked to temperature parameters release emergency funds to mitigate the cost of disruption.
Solar is an increasingly important part of the energy mix, both at a micro and macro-economic level. Return on capital invested is dependent on sunlight and ambient temperature; parametric offers a way to structure a financial product.
Agricultural yields can be modelled and predicted using factors such as temperature, rainfall, sunlight, humidity and wind speed throughout the growing season. Yokahu develops parametric products to protect farmers and buyers from unexpected supply-chain disruption.