Accelerating the Future...
- FINALIST : Economy
- Award Year: 2019
- Nominee URL: https://www.oko.finance/
Crop Insurance is not bought but sold, so it's important for companies to figure out marketing methods.
Make the combination of inde1 insurance product, distribution tools and insurance policy, and develop the platform to provide the most needed information
OKO partners with the most advanced weather information providers, using satellite or micro-wave technologies to obtain hyper-local data
It's hard to promote to rural areas have no access to technology
OKO uses satellite and mobile technology to bring affordable and simple crop insurance to smallholder farmers. OKO creates index partnerships with weather data suppliers and uses them to create parametric insurance products underwritten by a locally licensed insurance company. In addition to insurance, farmers can benefit from weather alerts, farming tips, and access to affordable micro-credit. OKO bundles together services including a weather-based index insurance product, tools for distribution and customer education, and an automated policy management platform.