OKO Ltd overview

OKO provides index insurance and other farming-related services to smallholder farmers in emerging countries. It monitors rainfall and crop evolution, and uses a direct interface with farmers and a unique distribution network, OKO helps to protect farmers and unlocks their access to financing.

OKO uses satellite information to define risk and create insurance products for farmers in emerging markets. It then uses mobile technologies to distribute insurance, collect premiums, help farmers and pay claims.

In July 2018 OKO launched its first pilot in Mali, which was made accessible though Orange payments, with underwritten costs covered by Allianz.

Also in 2018, it was revealed OKO would be one of five Israeli startups competing at the annual World Summit Awards (WSA), an international competition promoting local digital innovation that positively impacts society.

In August 2019 OKO began a 3-year partnership with Allianz, with the two collaborating to develop index-insurance products that automatically compensate Africa-based farmers when they face bad weather. This is a second step in a collaboration that started with the aforementioned a pilot programme in Mali where OKO demonstrated its ability to bring insurance to un-banked populations using mobile phones. 

Map showing the location of OKO Ltd

Tel Aviv, Israel

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Key people

Simon Schwall Founder and CEO