Yokahu has launched cat-risk.com which is an independent, many-to-many parametric risk exchange for the London re/insurance market. It connects brokers, carriers and data providers and enables real-time risk assessment, pricing, and capacity allocation. Operating as a coverholder, Yokahu manages each carrier’s portfolio separately enabling insurers to co-insure risks in line with their risk appetites.

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

He added: “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.”