Abstract and Figures This paper introduces a blockchain-based insurance scheme that integrates parametric and collaborative elements.

Ensuro, founded in 2021, is developing a decentralised underwriting solution for parametric insurance products. Unlike conventional insurers, the capacity it will provide uses funds governed by a smart …

While parametric insurance would certainly benefit from these blockchain implementations, existing proposals mostly depend on a single source of truth for payout calculations. In this paper, we present …

Learn how blockchain technology revolutionizes insurance through in-depth use cases and how insurers can benefit from smart contracts today.

Design secure parametric insurance products ‍ With Chainlink, blockchain-based parametric insurance applications get access to real-world data, allowing them to automate claims processing and lower …

The cost and accessibility may be improved with a blockchain-based parametric approach. The insurance process in a parametric approach is exclusively based on data, and decisions are made …

The product leverages smart contracts and parametric insurance to provide farmers with a reliable and affordable way to protect their investments against drought and crop loss.

Parametric insurance products are the most suited to DeFi capital. For parametric products, a pay-out is triggered based on an external data source. With Ensuro, a blockchain ‘oracle’ transmits data from …

A Bermudian-based specialty insurance carrier that supports emerging and innovative industries has launched a new product to address the growing risk of crypto exchange defaults. Relm Insurance ...

Well, parametric insurance does away with claims altogether. Instead of paying based on the damages suffered, parametric insurance pays out if parameters set in a policy are met.