Yokahu
Yokahu is a London-based digital MGA and Lloyd's Coverholder that operates cat-risk.com, the first independent parametric insurance exchange connecting brokers, risk carriers, and data providers for fast, automated weather and natural catastrophe risk transfer globally.
- Company typePrivate
- Founded2019
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
What Yokahu does
Yokahu is a London-headquartered digital Managing General Agent (MGA) that builds and operates parametric weather and natural catastrophe insurance products. Founded in 2019 by former Lloyd's broker Tim McCosh, the company holds Lloyd's Approved Coverholder status and distributes parametric policies in over 90 countries, backed by Lloyd's-rated security. Its core offerings include Hurricane Emergency Expenses for Caribbean consumers (starting at $5/month with payouts up to $10,000 within 24 hours), parametric flood insurance for US commercial businesses (New Orleans launch via Floodbase), and parametric earthquake and tropical cyclone products for commercial and reinsurance buyers worldwide.
The company's primary technology platform is cat-risk.com, launched in March 2025 as the first independent, many-to-many parametric exchange for the London re/insurance market. The platform connects brokers, risk carriers, and data providers (ReAsk, Cat-x, USGS, NASA, NOAA, McKenzie Intelligence Services) and uses AI and machine learning for underwriting recommendations, algorithmic capacity allocation, automated parametric claims processing (claims paid within 48 hours), real-time exposure management, and AI-generated client narratives. Limits up to $5M per transaction are supported, with $1bn of risk capacity on the platform and 50% of the top 20 global brokers onboarded.
Yokahu generates revenue through two primary streams: recurring parametric insurance premiums (Caribbean microinsurance subscriptions and annual commercial policies) and platform brokerage/transaction fees on cat-risk.com as the MGA facilitating parametric placements between brokers and risk carriers. Distribution is multi-channel: digital self-serve via mobile app for Caribbean consumers, broker-facilitated placement on cat-risk.com for commercial lines, carrier delegated authority (e.g., Cincinnati Global Underwriting binder), and employer employee-benefit programs. The company is a Lloyd's Lab Cohort 9 graduate and AWS Fintech Accelerator alum, with partnerships spanning Caribbean brokers (BCMG, Colina, W J M Holdings, Caribbean Risk Group), Floodbase, Vitesse, and FloodFlash.
Yokahu firmographics
Firmographics- Name
- Yokahu
- Legal name
- McCosh Holdings Limited
- Website
- https://yokahu.co
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Yokahu is a London-based digital MGA and Lloyd's Coverholder that operates cat-risk.com, the first independent parametric insurance exchange connecting brokers, risk carriers, and data providers for fast, automated weather and natural catastrophe risk transfer globally.
- Ownership category
- akta.pro rank
Yokahu industry classification
Industry- Product category
- Parametric Insurance Software Platform
- NAICS
- Insurance Carriers (5241), Claims Adjusting (524291)
- SIC
- Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- IoT/Connected Risk Prevention & Parametric Triggers Platforms (FSAGAGAG)
- akta.pro secondary industries
- Insurance Program Administration & MGA/MGU Services (FSAEADAK), Resilience Finance & Risk Transfer Analytics (Parametric Design, Cat Bonds, Public Risk Pools) (EUABALAK), Risk Scoring, Hazard & Geospatial Analytics (FSAOAIAE)
Keywords
Where Yokahu is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Yokahu business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Parametric Insurance Premiums: Yokahu generates revenue through parametric insurance premiums paid by policyholders. For Caribbean microinsurance, premiums start at $5 per month. For commercial parametric policies on cat-risk.com, limits up to $5 million per transaction are available with pricing based on risk parameters.
- Platform Brokerage/Transaction Fees: As the MGA operating cat-risk.com, Yokahu earns fees from facilitating parametric insurance transactions between brokers and risk carriers on the platform. The digital marketplace enables quote-and-bind transactions with pre-approved Lloyd's capacity.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Caribbean Hurricane Emergency Expenses - Essential |
| Subscription | Monthly | Caribbean Hurricane Emergency Expenses - Enhanced |
| Subscription | Annual | US Commercial Parametric Flood Insurance |
| Subscription | Pay-as-you-go | cat-risk.com Broker Platform |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
Yokahu product offering
Product offeringCore offering
Yokahu is a digital Managing General Agent (MGA) operating the cat-risk.com parametric insurance marketplace, providing worldwide parametric natural catastrophe insurance covering hurricanes, floods, earthquakes, and hail. The platform connects brokers, risk carriers, and data providers to quote, bind and issue parametric policies in seconds using AI-driven underwriting, with automatic payouts triggered by objective weather parameters within 24-48 hours. Yokahu also distributes its own parametric hurricane microinsurance product directly to Caribbean consumers via mobile-first apps and local brokers, with premiums starting at $5 per month.
Product overview
Yokahu operates as a digital MGA (Managing General Agent) for parametric weather risk transfer, centered on the cat-risk.com marketplace platform. The platform is a many-to-many parametric exchange connecting brokers, risk carriers, and data providers for worldwide parametric natural catastrophe insurance. Core offerings include parametric insurance products for tropical cyclones, flood, earthquake, and hail, with the foundational Hurricane Emergency Expenses product for Caribbean consumers. The platform enables brokers to quote and bind in seconds using AI-powered tools, while carriers access automated underwriting, real-time portfolio management, and co-insurance capabilities. Products are distributed globally through Lloyd's licenses as a Coverholder, with capacity up to $1bn available on the platform.
Differentiator
Problem solved
Functional benefit
Brands
- cat-risk.com: The first independent, many-to-many parametric exchange for the London re/insurance market, connecting brokers, carriers, and data providers to streamline parametric insurance transactions.
Products and services
- cat-risk.com Platform Independent many-to-many parametric exchange for the London re/insurance market that connects brokers, carriers, and data providers to design, price, quote, bind and pay claims on parametric natural catastrophe policies in seconds. Supports tropical cyclones, typhoons, storms, earthquakes and hail, with limits up to $5 million per transaction.
- Hurricane Emergency Expenses Mobile-first parametric hurricane microinsurance for Caribbean consumers. Payouts are triggered automatically when wind speeds reach 74 mph at the insured location, with payout amounts based on Minimum Sea Level Pressure categorized into 5 categories (Intense, Very Intense, High, Very High, Extreme). Premiums start at $5/month with payouts up to US$10,000, delivered to mobile phones via PayPal or bank transfer within 24 hours.
- Tropical Cyclone Insurance Parametric insurance for hurricane, typhoon and tropical cyclone risks, including secondary perils such as storm surges, flooding, landslides and tornadoes. Products include cat-in-a-circle, wind speed at location, air-pressure-triggered, multi-location and cat-in-a-polygon structures.
- Parametric Flood Insurance (New Orleans commercial) Parametric flood insurance for US commercial businesses, initially in New Orleans, covering business interruption, revenue losses, cleanups, repairs and temporary facilities. Payouts are triggered when a city-wide flood threshold is met, with coverage backed by an A+ AM Best rated carrier and instant quotes via the Floodbase partnership.
- Parametric Earthquake Insurance Parametric earthquake insurance designed around magnitude-in-a-circle, magnitude-in-a-polygon, peak ground acceleration, and peak ground velocity triggers, using USGS data for verification.
- Parametric Hail Insurance Parametric hail insurance designed around maximum hail size, exclusively available on the cat-risk.com platform. Covers hail damage to roofing, solar panels, vehicles, structures, and business interruption.
- Parametric Loan Default Protection Parametric product under development via Lloyd's Lab to be embedded into loans such as mortgages. Defined weather events (hurricanes, floods, wildfires) trigger the insurance to cover loan repayments for an agreed period, protecting borrowers' credit ratings and freeing up funds for recovery.
Quantifiable outcome
- Quote and bind times reduced from days to minutes
- +4 more outcomes
Companies that use Yokahu
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles5 records
Yokahu technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
AI capability7 records
Feature6 records
Yokahu partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and strategic.
- Cincinnati Global Underwriting (CGU)coreLandmark delegated authority agreement marking the first full binder on cat-risk.com. Enables brokers to instantly bind global parametric insurance and reinsurance capacity for tropical cyclone and earthquake perils. Operates under Lloyd's licences available globally.
- FloodbasecorePartnership to launch automated parametric flood insurance policies for New Orleans businesses. Floodbase monitors city-wide flood thresholds to trigger automatic payouts. Coverage includes business interruption, revenue losses, cleanups, repairs, and temporary facilities.
- VitessestrategicFintech partnership to enable near real-time international payments for parametric insurance claims. Vitesse's platform allows cross-border payments in 170+ countries, reducing claims payment times from months to minutes through digital banking channels.
- FloodFlashstrategicCollaboration with FloodFlash (parametric insurtech) and Vitesse to cut insurance pay-out times from months to minutes, helping prevent SME failure following extreme weather events through combined parametric expertise.
- BCMG Insurance Brokers LimitedstrategicFirst Caribbean broker partner in Jamaica for Yokahu's Hurricane Emergency Expenses product. Digital mobile-first parametric distribution enabling 24-hour payouts without claims process.
- Colina General Insurance Agents and BrokersstrategicFirst Caribbean broker partner in The Bahamas for Yokahu's Hurricane Emergency Expenses product. Digital parametric distribution with automatic payouts.
- W J M Holdings IncstrategicFirst Caribbean broker partner in Saint Lucia for Yokahu's Hurricane Emergency Expenses product. Mobile-first parametric hurricane protection.
- Caribbean Risk Group LLCstrategicFirst Caribbean broker partner in US Virgin Islands for Yokahu's Hurricane Emergency Expenses product. Parametric hurricane coverage with payouts within 24 hours.
- McKenzie Intelligence Services (MIS)coreStrategic partnership making MIS the sole trigger data provider for Yokahu's parametric hurricane insurance. MIS verifies parametric triggers using automated intelligence from its Global Events Observer (GEO) platform for independent, fast, and accurate claim verification.
- University of East AngliastrategicClimate science partnership with UEA's School of Climate Science. UEA has been at forefront of climate research for 50+ years. Partnership provides climate research database and scientific backing for product development.
- ReAskcoreData provider integrated with cat-risk.com platform for hurricane and storm data. Used alongside other industry-approved calculation agents such as RMS for parametric product pricing and trigger verification.
- ES Risks LimitedcoreES Risks Limited is an Appointed Representative providing FCA authorisation and regulation for Yokahu. ES Risks Limited is also a registered Lloyd's Broker, enabling Lloyd's market access.
- ChaucerstrategicLloyd's insurer partner for initial Caribbean parametric product launch. Providing backing for hurricane protection products in the Caribbean market.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
Yokahu competitors and assessment
Company assessmentEmerging players
- Kettle: Algorithmic reinsurance platform using distributed ledger infrastructure to structure and price reinsurance risk. Overlaps with Yokahu in digitalising re/insurance placement and underwriting.
- Relay Platform: Digital placement and underwriting platform for brokers and carriers. Adjacent in re-engineering broker-carrier workflow, though not peril-specific.
- Descartes Insurance: Parametric cyber and emerging risk insurance MGA. Comparable in MGA-plus-parametric structure and use of automated triggers, but focused on cyber rather than climate perils.
Broad incumbents
- Beazley: Lloyd's-specialist insurer with growing parametric and specialty risk capabilities. Comparable in Lloyd's market participation and specialty risk expertise, with broader product range.
- Munich Re: Global reinsurer with a mature parametric/natural catastrophe franchise and direct broker relationships. Comparable in peril and capacity type but not product-specialised; significant competitive threat given balance sheet.
- Swiss Re: Top-tier global reinsurer offering parametric solutions, natural catastrophe capacity, and Lloyd's market participation. Broad incumbent with overlapping capability and well-established broker channels.
Direct peers
- FloodFlash: UK-based parametric flood insurtech that pays out based on measured flood depth at an insured location. Most directly comparable to Yokahu's parametric peril product set, and is also a documented Yokahu collaboration partner.
- The Demex Group: US-based climate risk transfer specialist offering parametric reinsurance and risk transfer solutions across weather perils. Closely comparable to Yokahu's parametric reinsurance and risk carrier offerings.
- Floodbase: US parametric flood insurance platform providing trigger-based payouts using flood-extent data. Direct peer on US commercial flood, and also a current Yokahu distribution partner.
- Arbol: Parametric weather and climate risk platform offering index-based covers to insurers, reinsurers, and end-clients. Comparable product/market overlap with Yokahu's parametric catastrophe platform.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Yokahu social profiles
Digital presenceYokahu compliance and trust
Trust signalCompliance2 records
Yokahu financial estimates
Financial estimateRevenue estimate
Valuation estimate
Yokahu leadership team
Management profileNumber of profiles
Profiles4 records
Yokahu funding detail
Funding detailFunding overview
Funding rounds3 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Yokahu M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Yokahu
What does Yokahu do?
Yokahu is a digital Managing General Agent (MGA) operating the cat-risk.com parametric insurance marketplace, providing worldwide parametric natural catastrophe insurance covering hurricanes, floods, earthquakes, and hail. The platform connects brokers, risk carriers, and data providers to quote, bind and issue parametric policies in seconds using AI-driven underwriting, with automatic payouts triggered by objective weather parameters within 24-48 hours. Yokahu also distributes its own parametric hurricane microinsurance product directly to Caribbean consumers via mobile-first apps and local brokers, with premiums starting at $5 per month.
Is Yokahu a public or private company?
Yokahu is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Yokahu founded?
Yokahu was founded in 2019. It employs 11 to 50 people.
Where is Yokahu based?
Yokahu is headquartered in London, United Kingdom, in the Europe region.
How does Yokahu make money?
Two revenue lines are on record. Parametric Insurance Premiums are the primary driver. The others are platform Brokerage/Transaction Fees.
Who are Yokahu's main competitors?
Emerging players on record are Kettle, Relay Platform and Descartes Insurance. Broad incumbents are Beazley, Munich Re and Swiss Re. Direct peers are FloodFlash, The Demex Group, Floodbase and Arbol.
Does Yokahu have an API?
No public API is recorded for Yokahu.
What industry is Yokahu in?
Yokahu's product category is Parametric Insurance Software Platform. Its primary akta.pro industry code is FSAGAGAG, IoT/Connected Risk Prevention & Parametric Triggers Platforms, with a secondary code of FSAEADAK, Insurance Program Administration & MGA/MGU Services. Its NAICS code is 5241 and its SIC code is 6411.