Oka, The Carbon Insurance Company (Oka) today announced its expansion into the Singapore market, marking a significant milestone in its mission to de-risk and unlock capital flows for climate solutions globally.

Operating through Lloyd’s Syndicate 1922, Oka’s growing suite of climate-focused insurance products are now available to Singaporean corporates and financial institutions. These include policies aimed at reducing invalidation, reversal, delivery, and political risks across the voluntary and compliance carbon markets, as well as credit cover for climate transition projects and green financing agreements. 

Singapore is rapidly emerging as a hub for carbon and nature markets, bolstered by Article 6 trading frameworks, domestic tax regimes, and a regional role as a financial centre. Oka’s local entry positions it to serve a growing base of buyers, developers, and lenders seeking robust risk-transfer solutions to support their net-zero strategies.

Chris Slater, Oka Founder and CEO, said: “Singapore is at the forefront of climate finance innovation, and its leadership in carbon markets makes it a natural next step for Oka. Lloyd’s approval to write business domestically enables us to partner more closely with Singaporean clients, providing the insurance infrastructure needed to attract capital to innovative new projects and scale the growth of the climate transition industry.”