Yokahu launches parametric exchange for London re/insurance market

Parametric insurance specialist Yokahu has launched cat-risk.com, an independent parametric exchange for the London re/insurance market.

According to Yokahu, cat-risk.com connects brokers, carriers, and data providers to streamline parametric insurance transactions, “significantly reducing” friction in the market and ensuring fast, transparent payouts when disasters strike.

Designed to complement the London market, the platform reportedly enables real-time risk assessment, pricing, and capacity allocation, enhancing parametric re/insurance’s role in climate resilience and disaster preparedness.

Tim McCosh, Founder & CEO of Yokahu, commented, “Parametric insurance has long been heralded as a solution for fast, reliable disaster payouts, but inefficiencies in placement have hindered adoption.

“With cat-risk.com, we are delivering on the promise of parametric insurance – removing barriers, improving accessibility, and ensuring resilience in the face of growing climate and disaster risks.”

Yokahu also suggested that cat-risk.com allows for multiple carriers to co-insure risks placed on the platform based upon the individual risk appetites of the carriers.

“Yokahu, as a Coverholder, administers each carrier’s portfolio separately and discreetly before allocating capacity to the deal presented using BiPar principles in a manner that reflects the traditions of trading at Lloyd’s but in a digital context. This allows more risk carriers to enter the parametric climate resilience market with smaller initial lines and reduced portfolio volatility,” the firm explained.

At launch, cat-risk.com is integrated with data providers such as ReAsk and is supported by multiple major capacity providers and brokers.

It currently supports extreme weather risks, including hurricanes, typhoons, and storms, with limits up to $5 million per transaction.

Farid Tejani, Co-Founder of Yokahu, said, “This is about evolution, not revolution. cat-risk.com enhances the existing parametric insurance ecosystem, making transactions smoother, data integration stronger, and payouts faster. We believe this will help unlock the full potential of parametric insurance for businesses, governments, and communities worldwide.”

Yokahu is an alumni of the AWS Fintech Accelerator and the Lloyd’s Lab, and became a Lloyd’s Coverholder in November 2021 and went live in early 2022.

The firm’s CFO, Carsten Wolheimer, noted, “cat-risk.com is an important step forward in combining financial markets expertise with innovative parametric risk transfer.

“By streamlining transactions and leveraging robust financial market principles, we are creating a more efficient, transparent, and scalable solution for disaster risk transfer, fully aligned with Yokahu’s vision for a digital insurance marketplace that delivers real impact.”

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