Yokahu

Cohort: Cohort 9, 2022 

Focus in insurance value chain/workflow: Point of underwriting I Loss modelling & analytics I Claims  

Specific lines of business supported: Personal I Corporate I SME I Speciality  

Founded: 2019 

Status: Operating, still in insurance 

Company type: MGA, Data models, Administration system 

Head office: United Kingdom 

Main global offices: United Kingdom 

Locations served: Global 

Employee count: 1-10 

Yokahu is a technology company and MGA that designs parametric insurance products protecting against climate risks. Initially launching a hurricane microinsurance product in the Caribbean, Yokahu is now working on multiple climate resilience projects across the Caribbean, Latin America and Africa. In the Accelerator, Yokahu designed a new insurance product for financial institutions covering the cost of loan repayments after a disaster, with the view of this protection being embedded into the institution's lending. 

Primary focus product area whilst in the Accelerator: Parametric  

In the Accelerator, Yokahu developed a parametric insurance product for financial institutions covering the cost of loan repayments on behalf of borrowers after a disaster. It was mentored by innovation teams at TMK & Munich Re, with discussions ongoing about supporting future projects.