Prone to hurricane and other natural disasters, hotel groups in the Caribbean are the focus of a new campaign launched by emergency catastrophe expenses provider Yokahu.

Yokahu, a parametric insurtech start-up, through its hurricane and tropical cyclone insurance, seeks to offer rapid disaster relief finance to vulnerable everyday people in the path of major storms, particularly those in the hospitality sector where the company wants to offer the product as an employee benefit amid the start of the hurricane season.

Citing the paucity of hurricane insurance in the Caribbean, Tim McCosh, co-founder and chief executive officer (CEO) of Yokahu, said the product was designed as a part of the company’s plan to offer innovative solutions in the largely underserved area.

https://www.jamaicaobserver.com/business/caribbean-targeted-for-hurricane-insurance/