WorldCover is a funding platform for global insurance, starting with crop insurance[1]. Founded in 2015, the company was based in New York City, NY, USA[2] and participated in Y Combinator's Winter 2016 batch[3]. At the time of listing, WorldCover had a team size of 20[4]. The company offered peer-to-peer investments providing insurance to the global poor, connecting investors with insurance needs in the developing world[6]. WorldCover's platform targeted smallholder farmers in developing countries, with the stated goal of improving food and income security[6]. The company is listed as inactive[5].
About
- WorldCover offers peer-to-peer investments that provide insurance to the global poor. We connect a growing pool of investors who seek uncorrelated investment returns and impact from their capital with a huge and growing need for natural disaster insurance in the developing world. WorldCover's platform improves food and income security for smallholder farmers in developing countries. More than 70% of the 2.5 billion people living at the “base of the pyramid” throughout the world rely on agriculture for income and sustenance. Farmers face a number of major risks to their livelihoods which they cannot control. Insurance gives them a sense of security even if they have a bad harvest, allowing them to improve their diets, invest in their farms, and send their children to school. In an increasingly interconnected world, diversified markets are becoming harder and harder to find. WorldCover's investment products offer both retail and professional investors attractive yet uncorrelated returns with the world's financial markets.[6]
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