# OKO Finance > Parametric Climate Insurance ## Posts - [Turning setbacks into opportunities: How the USAID Shutdown interrupted OKO’s work and opened the door for new partners](https://oko.finance/turning-setbacks-into-opportunities-how-the-usaid-shutdown-interrupted-okos-work-and-opened-the-door-for-new-partners/): At OKO Finance, we’ve always believed in the transformative power of climate insurance for smallholder farmers. From food security to financial stability, the right tools can help farming communities adapt to a changing climate while building brighter futures. In collaboration with USAID, we were preparing to launch three ambitious, high-impact initiatives across Mali, the Democratic Republic of Congo (DRC), and Côte d’Ivoire. Each project was designed not only to improve resilience against climate shocks, but also to unlock income opportunities and strengthen local economies. Unfortunately, all three projects were abruptly halted following the Trump administration’s decision to shut down several […] - [The impact of mobile technology on access to insurance for african farmers](https://oko.finance/the-impact-of-mobile-technology-on-access-to-insurance-for-african-farmers/): In recent years, mobile technology has revolutionized various sectors across Africa, and agriculture is no exception. Among the many benefits it brings, one of the most significant is improved access to insurance for African farmers. This development is important for a continent where agriculture is a primary source of livelihood for millions. Mobile technology not only facilitates communication and access to information but also provides a platform for innovative financial solutions that can mitigate risks and enhance productivity for farmers. The importance of insurance for african farmers Agriculture in Africa faces numerous challenges, including unpredictable weather patterns, pests, diseases, and […] - [How agricultural insurance can transform small farms in Africa](https://oko.finance/how-agricultural-insurance-can-transform-small-farms-in-africa/): Agriculture is the economic backbone of many African countries, providing employment and livelihoods for a significant portion of the population. However, small-scale farms often face considerable challenges, including climatic risks, crop diseases, and market price fluctuations. In this context, agricultural insurance emerges as a potential solution to transform these small farms, making them more resilient and prosperous. This article explains how agricultural insurance can play a key role in the transformation of small farms in Africa. Understanding the Challenges of Small-Scale Farming Small-scale farming faces in Africa faces many challenges. Among them, we have :  Climatic and environmental risks Small […] - [Allianz renews its partnership with OKO to bring climate insurance to small and large African farms](https://oko.finance/allianz-renews-its-partnership-with-oko-to-bring-climate-insurance-to-small-and-large-african-farms/): In a move that resembles a vote of confidence for the start-up, Allianz Africa renewed its multi-year partnership with OKO. Allianz and OKO initially signed an agreement in 2019 to test OKO’s concept in Mali. OKO offered an affordable and automated climate insurance accessible for the first time via mobile phone to smallholder farmers. 4 years later it is the most popular crop insurance in Mali. OKO uses parametric insurance technology, meaning that insurance claims are automatically validated and paid if satellite data shows that the weather conditions were very detrimental to the agricultural activity. It covers events such as […] - [OKO: Soutien Crucial aux Agriculteurs Face aux Aléas Climatiques](https://oko.finance/oko-soutien-crucial-aux-agriculteurs-face-aux-aleas-climatiques/): Dans une année marquée par des défis météorologiques, OKO, la start-upd'assurance agricole basée à Bamako, continue de jouer un rôle essentiel dans laprotection des agriculteurs maliens. Les indemnisations versées cette saison à 2009 petits exploitants sur les 10 014 assurés témoignent de l'engagement del'entreprise envers la résilience face aux aléas climatiques. Les régions de Ségou et Sikasso ont été durement touchées, avec 1 793agriculteurs recevant des compensations pour les pertes subies. La carte jointe àcet article illustre clairement la répartition géographique de ces indemnisations.Cheick Oumar Tangara, directeur pays chez OKO, souligne l'impact positif del'assurance pour la résilience climatique des Agriculteurs ruraux maliens […] - [OKO Takes Home the Insurtech Insights Europe Ambitious Insurer Award](https://oko.finance/oko-take-home-the-insurtech-insights-europe-ambitious-insurer-award/): In July 2022, OKO and Allianz started a partnership in Ivory Coast, with the support of the cocoa trading company Touton. OKO brought its crop insurance distribution technology to help the millions of cocoa farmers in Ivory Coast who survive on an average of just $0.78 a day. Over the course of 6 months, OKO and Allianz conducted 2 pilots in 2 different areas, and brought insurance to 1,500 farmers. Using a soil moisture index developed by AllianzRe, OKO was able to identify if a plantation was in dire situation that would impact its yield. To make sure that this […] - [Insurtech OKO raises $500,000 USD in an extension round for their expansion to Côte D’Ivoire.](https://oko.finance/insurtech-oko-raises-500-000-usd-in-an-extension-round-for-their-expansion-to-cote-d-ivoire/): Insurtech Start-up OKO has closed an extension round of $500,000 USD, and announced their plans to launch in the Ivory Coast with their existing partners, Orange, Allianz and Touton, to bring affordable, low-cost insurance to more farmers in Africa. The start-up operates in Mali and Uganda, and offers automated insurance using satellite data and mobile payments for farmers whose fields are negatively affected by weather patterns, mainly droughts and floods. Since its launch, OKO brought insurance to more than 15,000 farmers in Mali and Uganda. OKO saw an impressive 6x growth in the number of paying customers from 2020 to […] ## Pages - [Privacy Policy](https://oko.finance/privacy-policy/) - [Payment Success](https://oko.finance/payment-success/) - [Mali register](https://oko.finance/mali-register/) - [Pay for a policy](https://oko.finance/pay-for-a-policy/) - [Choose country](https://oko.finance/choose-country/) - [Get Policy Information](https://oko.finance/get-policy-information/) - [Case Studies](https://oko.finance/case-studies/) - [Confirmation of request](https://oko.finance/confirmation-of-request/) - [Partners](https://oko.finance/partners/) - [Press & Media](https://oko.finance/media/) - [Products](https://oko.finance/products/) - [Contact](https://oko.finance/contact/) - [About](https://oko.finance/about/) - [Home](https://oko.finance/) [comment]: # (Generated by Hostinger Tools Plugin)