25th May 2022
Yokahu, an InsurTech using parametric underwriting and data visualisation to provide Hurricane/Tropical Cyclone protection, has announced the launch of strategic partnerships with four key insurance brokers based in the Caribbean: BCMG Insurance Brokers in Jamaica; Colina General Insurance Agents and Brokers in The Bahamas; W J M Holdings in St Lucia; and Caribbean Risk Group in the US Virgin Islands.
Launched ahead of hurricane season, which starts on 1st June in the Atlantic, the innovative parametric approach adopted by Yokahu means that payouts can be made within 24 hours without policyholders needing to lodge a claim or deal with loss adjusters in the event of a major storm.
By working with four of the leading insurance brokers in the region, Yokahu is ensuring effective distribution of this solution to the people who need it most-driving to close the protection gap further and improve the resilience of local families and businesses in the run-up to the hurricane season.
Yokahu Trends(2 article)