WorldCover
WorldCover provides satellite-enabled, parametric drought crop insurance to smallholder farmers in emerging markets, delivering automatic payouts via mobile money without traditional claims assessment.
- Company typePrivate
- Founded2015
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
WorldCover firmographics
Firmographics- Name
- WorldCover
- Website
- https://worldcovr.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- WorldCover provides satellite-enabled, parametric drought crop insurance to smallholder farmers in emerging markets, delivering automatic payouts via mobile money without traditional claims assessment.
- Ownership category
- akta.pro rank
WorldCover industry classification
Industry- Product category
- Agricultural Insurance
- NAICS
- Direct Insurance (except Life, Health, and Medical) Carriers (52412)
- SIC
- Fire, Marine & Casualty Insurance (6331), Agricultural Services (700)
- akta.pro primary industry
- Crop & Farm Property Insurance (FSAJACAK)
- akta.pro secondary industries
- Carbon, Sustainability & MRV Services for Farms (Baseline, Monitoring, Reporting, Verification) (AFACACAK), Farm Data Management & Decision Support Services (FMIS Setup, Data Integration, Analytics) (AFACACAC), Agriculture & Crop Treaty Reinsurance (FSAOAEAH)
Keywords
Where WorldCover is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Markets served
WorldCover business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
WorldCover product offering
Product offeringCore offering
WorldCover sells parametric crop insurance to smallholder farmers in emerging markets, using satellite data to detect droughts and trigger automatic payouts delivered through mobile money. The product removes the need for in-field loss adjustment and brings crop insurance to customers who cannot access traditional indemnity-based insurance.
Differentiator
Problem solved
Functional benefit
Products and services
- Satellite-Enabled Drought Crop Insurance A parametric crop insurance product for smallholder farmers in emerging markets that uses satellite-detected drought indices as the payout trigger and settles claims automatically through mobile money, removing the need for in-field loss adjustment.
Companies that use WorldCover
Customer profileIdeal customer profiles1 record
WorldCover technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
WorldCover competitors and assessment
Company assessmentEmerging players
- Etherisc: Etherisc builds decentralized parametric insurance protocols including crop and weather covers in emerging markets. Compares on parametric design and emerging-market farmer focus, but differs in technology stack (blockchain-based).
- OKO Finance: OKO delivers mobile-based crop insurance to smallholder farmers in West Africa using satellite and weather data. Comparable in delivery mechanism (mobile), customer base, and parametric product, though operating at smaller scale.
- Climate Crop Insurance (Climavision / Weather Risk Solutions): Weather Risk Solutions and similar specialists design and distribute index-based crop insurance products in developing markets. Comparable in parametric product design and emerging-market focus, though typically operating as brokers/advisors rather than carriers.
Broad incumbents
- Swiss Re: Swiss Re is one of the world's largest reinsurers and a major provider of agricultural reinsurance capacity globally. Comparable as a counterparty that determines reinsurance terms for crop-insurance carriers like WorldCover, and operates in adjacent retail and parametric initiatives.
- Munich Re: Munich Re is a leading global reinsurer with a large agricultural insurance portfolio and parametric weather-risk capabilities. Comparable as reinsurance counterparty and as an incumbent offering competing risk-transfer solutions in emerging markets.
Direct peers
- Descartes Underwriting: Descartes is a parametric insurance MGA covering climate and natural catastrophe risks including drought and crop covers, using data-driven triggers. Direct peer in parametric insurance design though typically serving larger commercial and public-sector clients.
- ACRE Africa: ACRE Africa (Agriculture and Climate Risk Enterprise) is a microinsurance provider offering index-based crop and livestock cover to smallholder farmers in Kenya and East Africa. Directly comparable in product design, customer segment, and parametric approach.
- Pula Advisors: Pula designs and delivers agricultural insurance and digital products to smallholder farmers across Africa and emerging markets. It is the closest direct competitor to WorldCover in crop insurance distribution and farmer reach.
Others
- aWhere: aWhere provides agricultural weather and satellite-based data analytics used by insurers, governments, and agribusinesses. Comparable as a data infrastructure layer underpinning parametric crop insurance products like WorldCover's.
- Indigo Agriculture: Indigo Ag combines agronomic data, sustainability programs, and farmer risk-management offerings in agriculture. Comparable as a tech-enabled agriculture platform addressing farmer risk, though focused on different crops, geographies, and revenue mix.
Market position
Customer concentration
WorldCover social profiles
Digital presenceWorldCover financial estimates
Financial estimateRevenue estimate
Valuation estimate
WorldCover leadership team
Management profileNumber of profiles
Profiles3 records
WorldCover funding detail
Funding detailFunding overview
Funding rounds7 records
Investors11 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
WorldCover 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 WorldCover
What does WorldCover do?
WorldCover sells parametric crop insurance to smallholder farmers in emerging markets, using satellite data to detect droughts and trigger automatic payouts delivered through mobile money. The product removes the need for in-field loss adjustment and brings crop insurance to customers who cannot access traditional indemnity-based insurance.
Is WorldCover a public or private company?
WorldCover is a private company. It is classified as venture growth investor backed and is currently operating.
When was WorldCover founded?
WorldCover was founded in 2015. It employs 11 to 50 people.
Where is WorldCover based?
WorldCover is headquartered in New York, United States, in the North America region.
Who are WorldCover's main competitors?
Emerging players on record are Etherisc, OKO Finance and Climate Crop Insurance (Climavision / Weather Risk Solutions). Broad incumbents are Swiss Re and Munich Re. Direct peers are Descartes Underwriting, ACRE Africa and Pula Advisors. Others are aWhere and Indigo Agriculture.
Does WorldCover have an API?
No public API is recorded for WorldCover.
What industry is WorldCover in?
WorldCover's product category is Agricultural Insurance. Its primary akta.pro industry code is FSAJACAK, Crop & Farm Property Insurance, with a secondary code of AFACACAK, Carbon, Sustainability & MRV Services for Farms (Baseline, Monitoring, Reporting, Verification). Its NAICS code is 52412 and its SIC code is 6331.