Insurtech Israel News
You are at:»Posts Tagged "OKO"

Browsing: OKO

Insurtech start-up OKO raises seed round of $1.2 million to bring innovative insurance to smallholder farmers across Africa

0
By on P&C

OKO, an Insurtech start-up that provides inclusive agricultural insurance to secure farmers’ income across Africa, has closed a Seed investment of $1.2 million. The round was led by by Newfund and ResiliAnce. Mercy Corps Venture, Techstars, ImpactAssets and RaSa also participated in the round. The start-up which currently operates in Mali and Uganda uses satellite data and mobile payments to create automated insurance products for farmers whose fields are affected adversely by weather events — primarily droughts and floods. With the new funding, OKO aims to strengthen its presence in Mali and Uganda and expand its offerings to more African…

Read More

Israeli Insurtech start-up OKO distributes 38 million FCFA to Malian farmers affected by floods

0
By on P&C, PARAMETRIC INSURANCE

OKO’s new insurance service is making a big splash for its inaugural season in Mali, reimbursing the losses suffered by farmers. A good example of the possibilities offered by mobile and satellite technologies to provide an essential service to the most vulnerable populations. Heavy rains in Mali in July and August had disastrous consequences for farmers. However, some farmers can rejoice: they insured their fields at the start of the season, and immediately received compensation for their losses. Crop insurance is a new service brought by the young innovative company OKO. OKO has established a partnership with Orange and SUNU…

Read More
Simon Schwall (CEO de OKO) - 2e prix des Fintech Awards Luxembourg

Breaking Barriers With Parametric Crop Insurance For Smallholder Farmers

0
By on P&C

Q&A with Simon Schwall, OKO CEO Describe OKO’s activity. Schwall: Oko designs and distributes crop insurance for smallholder farmers, which automatically compensate them if their area is affected by adverse weather conditions. We validate claims automatically using satellite weather monitoring, and we distribute these insurance products via mobile in emerging countries, where no crop insurance was available before. What is OKO’s Business model? Schwall: OKO is an MGA. We design the product and then we have an exclusive distribution agreement with our partnering insurance company. We keep a commission on every premium payment made. Since we are talking of…

Read More