(Image source: Yokahu homepage.) 

Yokahu (London), a Lloyd’s Coverholder parametric InsurTech that solely underwrites extreme weather and natural catastrophe risk via parametric (re)insurance, has announced the launch of cat-risk.com, which the company describes first independent, many-to-many parametric exchange for the London re/insurance market. A statement from Yokahu says that cat-risk.com seamlessly 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.

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

Built to enhance rather than disrupt the existing London market ecosystem, cat-risk.com transforms a traditionally slow and fragmented process—cutting quote and bind times from days to mere minutes, according to the Yokahu statement. The company says the platform enables real-time risk assessment, pricing, and seamless capacity allocation, broadening the ability of parametric (re)insurance to play a vital role in climate resilience and disaster preparedness.

Yokahu says that cat-risk.com uniquely 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. Yokahu says this allows more risk carriers to enter the parametric climate resilience market with smaller initial lines and reduced portfolio volatility.

Yokahu says that cat-risk.com not only reduces friction in transactions, but that the platform ensures that policyholders receive fast and transparent payouts by monitoring real time weather, automating policy triggering and instantly presenting claims for approval to carriers reducing claim payment times to as little as 48 hours.

“This is about evolution, not revolution,” comments Farid Tejani, Co-Founder, Yokahu. “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.”

Integration with Major Data Providers

At launch the platform is integrated with prominent data providers such as ReAsk (London/Sydney) and is supported  by multiple major capacity providers and top-tier brokers. It currently supports extreme weather risks, including hurricanes, typhoons, and storms, with limits up to $5 million per transaction. Future expansion will include earthquake coverage and higher limits, and enhanced risk insights.

“cat-risk.com is an important step forward in combining financial markets expertise with innovative parametric risk transfer,” says Carsten Wolheimer, CFO, Yokahu. “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.”

Aon, Floodbase and Swiss Re Launch Parametric Storm Surge Solution