Yokahu, Vitesse and FloodFlash announce parametric partnership

Climate risk insurance platform Yokahu has collaborated with flood parametric insurtech FloodFlash, and fintech Vitesse to create an adverse weather claims payments system for SME policyholders.

Tim McCosh, CEO of Yokahu, said: “The partnership with Vitesse means that when a parametric climate risk policy is triggered, we are now able to pay each individual or business covered by the policy, so that they wake up the day after an event happens and the money is there to support them in rebuilding.”

Daniel Andrews, insurance director of Vitesse, added: “Our collaborative approach with FloodFlash and Yokahu demonstrates our desire to positively impact change and deliver quicker outcomes for consumers and businesses at a time when they need it most. Whether that be to repair a residential property or to get a business back up and trading. The partnership is a match made in heaven, where third parties can come together to deliver a compelling insured experience from end-to-end.”

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