Fast, simple, parametric insurance for extreme climate risk events

Yokahu develops climate risk insurance products specifically designed to protect climate-vulnerable individuals and communities. By protecting communities we create resilience in every entity of society. Organisations, companies and local and national governments all share systemic risk with communities that are vulnerable to extreme weather events.

We have developed our own in-house risk models fed by a variety of data sources that enable us to develop bespoke policies triggered by any type of climatic or weather event. Wildfires, floods, droughts, hurricanes and heat waves all generate a parametric index that can be used to inform automated pay-outs.

More than 20 million people are forced from their homes each year due to climate change

Improvements to early warning systems has seen a decline in loss of life over recent decades, but financial losses continue to rise along with the increased frequency and intensity of extreme weather events.

Rising temperatures and sea levels amplify the risk of climate disasters which have tripled in the last 30 years resulting in US$202 million in losses daily.

The financial burden of uninsured losses faced by vulnerable communities will increase as more of the world's population is exposed to climate risk while being excluded from traditional insurance cover.

Traditional policies tied to the value of lost assets do not take into account secondary losses such as emergency expenses, loss of earnings and relocation costs. Parametric insurance is triggered by the weather event itself and provides a guaranteed pay-out that can be spent or invested, how and whenever needed.

Products that Yokahu has developed include:

• Hurricane Forecast Evacuation cover
• Wildfire Evacuation
• Post Flood/Wildfire/Hurricane Rent/Mortgage Cover
• Immediate Alternative Living Costs

We work with communities, governments and insurers to design specific parametric insurance products.