Oka provides specialized carbon insurance solutions designed for all stakeholders within the carbon-market ecosystem. These insurance products transfer risk off balance sheets, which encourages investment and unlocks capital for high-quality carbon projects. The company leverages deep market expertise and underwriting efficiency to raise contract certainty and integrity across global carbon markets.
Funding
$17M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Carbon credit projects face risks such as invalidation, reversal, and unforeseen events, leading to potential financial losses for both buyers and sellers. Traditional financial instruments often do not adequately address these unique risks associated with carbon credits, hindering market confidence and investment.
Solution
Oka provides specialized insurance solutions that de-risk carbon credits, fostering confidence and facilitating growth in both voluntary and compliance carbon markets. Its insurance products, including Corresponding Adjustment Protect™ and Carbon Protect™, offer financial compensation for losses arising from unforeseen circumstances affecting carbon credits, such as reversals or invalidation. Oka's AI-powered underwriting platform aggregates data from multiple sources to assess and price risk, providing comprehensive and customizable coverage. By transferring risk off the balance sheets of customers and investors, Oka encourages engagement and unlocks capital for high-quality carbon projects.
Target Audience
Oka serves project developers, corporate sustainability teams, financial institutions, and other stakeholders involved in the carbon credit market, providing them with tailored insurance solutions to mitigate risks and enhance market access.
Features
- Corresponding Adjustment Protect™ insures against the risk of an authorized credit losing its Article 6 authorization due to a Corresponding Adjustment not being applied or LoA revocation by the host country.
- Carbon Protect™ provides financial compensation in the event of unforeseeable and unavoidable post-issuance risks, including project failure.
- AI-powered underwriting platform aggregates multiple data sources to generate comprehensive risk assessments and pricing.
- Customizable coverage options tailored to specific project types and risk events.
- Claims are resolved quickly, providing financial compensation for carbon credit losses.