Etherisc's blockchain-based weather-index insurance platform revolutionizes the insurance landscape, empowering companies like Acre Africa and Pula to create decentralized products. Automating insurance processes through software code streamlines operations, boosting transaction speed and transparency while lowering costs. Etherisc's partnership with Acre Africa exemplifies this innovation, enabling farmers to pay for coverage using seed costs activated via mobile. Automatic data tracking triggers payouts when weather conditions exceed set limits, establishing a dynamic, efficient, and accessible insurance ecosystem.
Etherisc Decentralized Insurance
Organization:
Etherisc
Category:
Insurance
Subcategory:
Agricultural Insurance
Available at:
Rural
Channel:
Digital
Climate Resilience Approach Mapping:
Risk Coping
Climate Impact Mapping:
General Extreme Weather and Climate Impacts
Country / Region Input:
Sub-Saharan Africa, MENA, Southeast Asia, South Asia, East Asia, Central Asia, Central and South America, Caribbean, Eastern Europe, Southern Europe, Oceania
Sector Mapping:
Agriculture
Business Model Mapping:
API connection fees, Other Business Model
