OKO

No traditional bank would lend to these 136 maize farmers. Too risky on paper. 🏁 So Olam ,FORO and OKO got them seed, fertilizer and insurance. Olam selected the farmers with real data, FORO financed the inputs and we insured the harvest. Two years later and the model is ready for 5,000 hectares in 2026! 🌱🌱🌱 Our open question: which financial institution looks at this and sees an opportunity instead of a risk? #OKOinsurance #Agritech #parametricinsurance #CoteDIvoire AUGUSTIN DAGO Hubert Kone Josia Nyamien Epse Coulibaly Raphael Haziza

Most companies involved in cocoa are watching anxiously for the El Niño impact this season. And according to Javier Castro (see post below), maybe for the next few seasons too! But those who want to be proactive can insure their upcoming seasons. OKO 's climate insurance for cocoa is now running for its 8th season and has demonstrated its positive impacts on thousands of cocoa farms in Ivory Coast. Contact us to learn more

Published 1 year ago. Still very relevant

64% of our farmer registrations over the last 6 months came from one partnership. Here's the story behind that number.📌 Back in August 2024, we signed a partnership with Fairtrade International to get OKO's climate insurance into cooperatives directly, through the people farmers already know and trust. We trained Fairtrade reps across four cooperatives: CAVA, COOPAPIG, @CAKIB, and CAUD. Over the past year, these agents have been out there doing the real work: explaining what climate insurance actually means, answering questions, and registering farmers one conversation at a time.🌱 That groundwork is exactly why this one partnership now makes up 64% of all our registrations over the past 6 months. But the number isn't even the best part. This model works because it works for everyone: ☘️For the agents, it's an additional activity, layered onto the trust and relationships they've already built, not a new full-time job. ☘️For OKO, it means a wider presence without the cost of hiring full-time staff, so we can reach communities that would otherwise be hard to serve. ☘️For farmers, it means having someone from their own community to talk to: someone who explains the product in a language, and through a relationship, they already trust. What these agents are really doing is giving their communities a financial safety net and a real shot at climate resilience: something that matters a lot more than any statistic. To our partners at Fairtrade, and the teams at CAVA, COOPAPIG, CAKIB, and CAUD: thank you. This kind of impact doesn't happen without people on the ground who care enough to make it real.🏁🏁 Here's to what's next. #OKOInsurance #PartnershipImpact #ClimateInsurance #Fairtrade #ParametricInsurance

Weather-Based vs. Yield-Based Insurance OKO's model is built on weather-based triggers, not yield assessment; because waiting to measure what a farmer actually lost after the season is over is often too late to matter. A weather trigger means the response is tied to the risk event itself, not a delayed accounting of its damage. That said, we know yield-based models have their own case; particularly where weather data infrastructure is limited. We'd like to know where you land, and why. #OKOinsurance #ParametricInsurance #WeatherIndexInsurance #ClimateRisk

Ivory Coast's cocoa belt is staring down another unpredictable sky; and it's a reminder of why farmers can no longer afford to farm without cover. 🌱🌱 Farmers across the country's main growing regions are already flagging heavy, above-average rain in the final stretch of the March–August mid-crop, raising fears of flooding and disease that could affect this last stage of the season (Reuters: https://lnkd.in/dp8szcEF). 🌧️ It's the same swing between too much rain and too little that has shaped every harvest for the last decade; and every season it hits, it's the farmer who absorbs the loss first. This is exactly the risk parametric cover exists for. Look at what these weather swings have meant for yields, season after season, and how closely OKO's payouts have followed: ✅2015–2016: yields fell 27.1% below average, OKO's payout responded at 33.14% ✅2023–2024: yields down 18.9%, payout at 11.34% ✅2024–2025: yields down 17%, payout at 12.75% ✅Even smaller dips (2017–2018, 2021–2022, both -0.9%) still triggered payouts, near 1.5% and 0.47% OKO's cover is triggered purely by weather data, never by yield estimates or claims paperwork farmers can't afford to wait on. No assessor has to visit the farm. No dispute over how bad the season really was. The moment the weather crosses the line that hurts yields, the payout moves: season after season, almost exactly in step with the losses farmers already feel in their fields. Cover the weather, and you've covered the harvest!!🔔 #OKO #AgriFinance #CocoaFarming #ClimateRisk #ParametricInsurance AUGUSTIN DAGO, Raphaël Felenbok, Lieke Guinee, André van den Beld From The Desk of CocoaRadar, Achille F. KOUAME, PMP® Joseph Larrose, Raphael Haziza, Marianne Malan, Thierry Domêhin COULIBALY, Charles Sery

🔔Farmers want #Climateinsurance. The data proves it. For years, the assumption has been that smallholder farmers won't pay for insurance. 📌Our numbers say otherwise. Across our markets: ✅58,215 farmers requested quotes. ✅33,295 got insured. With Mali 🇲🇱 leading with the highest insured number of farmers at 72.8%. 📌That's not hesitation, that's demand , that’s strong potential . But the gap matters too. Thousands of farmers who wanted coverage couldn't get it, not from lack of interest, but because affordability is still the barrier. Closing that gap isn't on insurers alone. It takes agribusinesses, financial institutions, governments, development organizations, and the companies whose supply chains depend on these farmers staying resilient.🌱🌱 Organizations like Humanity Insured are already proving what's possible, working to make insurance accessible for vulnerable populations globally. Partnerships like these are closing the protection gap. 🔔More are needed. If your organization works in agricultural resilience, climate adaptation, or sustainable supply chains, let's talk. Premium support, innovative financing, strategic partnerships, there are real ways to expand access for the farmers who need it most. OKO Insurance is ready to build this with the right partners. Let's connect. Raphael Haziza AUGUSTIN DAGO CHEICK OUMAR TANGARA RUTH NSUBUGA Raphaël Felenbok Simon Schwall #ClimateInsurance #SmallholderFarmers #OKOInsurance