Tropical Cyclones

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.

Flood and Drought

Flooding is highly 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 for several markets in the USA including Florida, Louisiana and Texas.

Earthquake

Similar to other natural disaster events, earthquakes can cause not only major property damage but have devastating 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

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 to roofing, solar panels, vehicles and structures, as well as business interruption and event cancellation.

Yokahu's parametric hail insurance product is designed around maximum hail size and is exclusively available on the cat-risk.com platform.

Wildfire

The average fire season is lengthening, with hotter land and air temperatures increasing the susceptibility of previously unaffected areas. Insurance against wildfires provides funds to rebuild, relocate and restabilise communities and workforce.