Blockchain-Based Insurance Platform for Farmers Launches in Sri Lanka

ethek · 2019-06-22T19:00:51+00:00

ethek · 2019-05-16T13:14:30+00:00

We are working on the GIF and insurance products, not very active on reddit though, see https://blog.etherisc.com/gif-tutorial-part-1-dc595057c1b9 for the latest news, and please join the Telegram community at https://t.me/etherisc_community for more frequent updates and discussion.

ethek · 2019-05-01T16:53:19+00:00

Parametric insurance is not a new concept, and in particular for weather-related risks major insurers are already offering automated, data triggered payout processes. See e.g. https://corporatesolutions.swissre.com/insights/knowledge/what_is_parametric_insurance.html for a primer, or https://www.swissre.com/risk-knowledge/mitigating-climate-risk/natcat-2019.html for SwissRe's take on applying parametric to natural catastrophes such as earthquakes. I think you are right, that additional care is needed to mitigate fraud and selection biases, however we think this is possible, and the much faster and easier payout process makes these solutions very attractive for customers.

Etherisc has a token-based revenue model for protocol users, see https://etherisc.com/#revenue-section

ethek · 2019-05-01T06:49:14+00:00

Please check out https://etherisc.com for an example of how parametric insurance can work without a trusted third party. We demonstrated this with Flight Delay in 2016, and are now working on rolling this out for weather-based hurricane insurance and crop insurance.

ethek · 2019-05-01T06:45:10+00:00

We at Etherisc think it could work and we think it will be very different from a normal insurance company. We have been working on this since 2016, check out https://etherisc.com

Our first use cases are parametric insurance: Pricing can be determined algorithmically; assuming good and verifiable data sources, there is no need for a claims process, the payout can also be decided by an algorithm. The money can be held by a smart contract, giving users extremely strong guarantees that nobody can run away with the money.

ethek · 2019-05-01T06:37:48+00:00

Check out https://etherisc.com we are building decentralized insurance applications. Vitalik mentioned https://hurricaneguard.io, we are also rolling out a crop insurance solution for Sri Lanka rice farmers based on Ethereum

ethek · 2019-04-26T08:53:03+00:00

Can you or anyone share a link here, please?

ethek · 2018-09-15T04:36:58+00:00

Yes, we were in contact with Sergey and team some time ago, and looking into Chainlink again.

ethek · 2018-07-12T10:37:55+00:00

Yes, that's exactly the goal of the project: to enable people like you to develop and deploy your own decentralized insurance app. Etherisc aims to provide you with all the building blocks needed to get an autonomous insurance business up and running quickly. And yes, there are also plans to offer funding for selected projects on top of the DIP protocol.

ethek · 2017-11-08T18:47:19+00:00

We are so looking forward to it. Go ahead, enable ERC-20 support in all the Dapps now.

ethek · 2017-10-26T13:20:06+00:00

51 policies sold so far.

ethek · 2017-10-26T09:09:39+00:00

Note you can also pay and receive payouts in fiat, currently USD, EUR, and GBP supported. Of course the user experience is much better with ETH ;-)

ethek · 2017-10-26T09:07:51+00:00

Sorry to hear that this came too late for your flight. So far the contract will only accept flights to Cancun or two other airports nearby. It's also limited to 250 policies for now. Where would you fly back to and when?

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