Oka, The Carbon Insurance Company, has announced a first-of-its-kind partnership with carbon data firm Sylvera. This strategic alliance is poised to elevate Oka’s position in the carbon insurance domain, as it integrates its cutting-edge modelling capabilities with Sylvera’s advanced carbon project assessment data.
The climate-risk partnership is taking shape during a pivotal moment in the voluntary carbon market. Oka’s pursuit of bolstering financial and reputational safeguards for corporate purchasers of carbon credits showcases their determination to reshape an industry and address the pressing challenges of our changing climate.
Commenting on the partnership, Chris Slater, Oka Founder and CEO said: “This is a crucial milestone in our journey towards ensuring every carbon credit is insured. Sylvera’s rating expertise complements our pricing and underwriting capabilities, enabling us to deliver tailored carbon insurance solutions. Together, we look forward to bringing much-needed trust and transparency to the voluntary carbon market.”
Samuel Gill, Sylvera Co-founder and President, said “Insurers like Oka help reduce the risk burden from carbon credit buyers, a hugely important component of ensuring that the carbon markets are an effective mechanism for funding real climate action. However, accurately modelling risk requires the best data available–Sylvera makes that easier. With Sylvera’s carbon data, insurers like Oka can make better decisions about the risks associated for more accurate underwriting.”
