1746: How Etherisc Is Democratizing & Decentralizing Insurance

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3y ago 36:53

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Etherisc is developing a protocol for decentralized insurance applications. We use blockchain technology to make the purchase and sale of insurance more efficient, enable lower operational costs, provide greater transparency into the industry.

Christoph Mussenbrock shares how Etherisc is on a mission to make insurance fair and accessible through its open-source, decentralized insurance protocol and collectively build insurance products on the Ethereum blockchain. Since its launch in 2016, the Etherisc protocol has been reimagining insurance solutions to democratize the process in the interest of the consumer.

Etherisc is currently working with ACRE Africa on the Bima Pima crop insurance product, which offers farmers weather index insurance policies to protect them against climate-related risks for their crops. This crop insurance is more affordable, fairer, and more transparent than the traditional insurance solutions available to farmers to protect their livelihoods in case of extreme weather events fueled by climate change.

Other projects currently hosted on Etherisc’s open-source Generic Insurance Framework include Flight Delay Insurance, Crop Insurance, Social Insurance, and Hurricane Protection.

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