Yokahu exclusively develops and distributes parametric insurance products. Parametric insurance is event-based not asset based, so there is no need for costly loss adjustment, fraud risk is minimised and payout can be automated. Because of the high level of digitisation from our own technology platform, Yokahu can offer discrete pricing in real-time, far more efficiently than traditional insurance.
Parametric insurance uses aggregated information to trigger payments to policy holders in the event of a defined climate occurrence, rather than the more complicated method of assessing and compensating damage that may be caused.
