Team names, roles
and company contact
Mr Simon Schwall, CEO
Mr Shehzad Lokhandwalla, CTO
Mr Théo Côme, Actuary
OKO leverages mobile and satellite technologies to provide automated crop insurance to emerging countries and provide a financial safety to smallholder farmers.
500 million smallholder farms in the world are lacking the financial safety net and the financial instruments to grow their businesses.
Solution / technology
- Fully automated insurance contracts, indexed to rainfall and other indexes to validate claim with no human intervention required
- Cloud-based policy management system connected to mobile money and SMS-gateways to be accessible on any device.
- Direct-to-customer distribution model allowing rapid scale
- Ability to design our own insurance products with a sophisticated risk assessment tool
Potential global market size of USD 7.5Bn globally