Etherisc is a decentralized, open‑source protocol that lets developers create and distribute parametric insurance products on blockchain using modular smart‑contract templates and oracle integrations. The platform automates claim payouts when predefined data conditions are met, offering a transparent, low‑cost alternative to traditional insurance and a marketplace for users to purchase policies such as flight‑delay or crop‑damage coverage.
Funding
$100K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional insurance products often rely on centralized intermediaries, lengthy underwriting processes, and opaque claim handling, which can lead to high costs, limited accessibility, and delayed payouts for users in underserved markets.
Solution
Etherisc provides a decentralized, open‑source protocol that enables the creation and distribution of parametric insurance products on blockchain. By using ready‑to‑deploy smart‑contract modules and oracle integrations, developers can design policies that trigger automatic payouts when predefined data conditions are met, eliminating manual claims processing. The platform supports customizable end‑to‑end policy management, investor fund handling, and peer‑to‑peer capital bootstrapping, allowing product owners to launch fair, transparent, and low‑cost insurance solutions. Etherisc also offers a marketplace where users can purchase policies such as flight‑delay, crop‑damage, stablecoin de‑peg protection, and other emerging risk covers, with payouts settled instantly on‑chain. Technical documentation, audits, and community support facilitate rapid onboarding for partners and investors.
Target Audience
Primary customers are insurance innovators, fintech developers, and enterprises seeking to launch parametric insurance products, as well as investors looking to provide capital for decentralized insurance solutions.
Features
- Generic Insurance Framework (GIF) with modular smart‑contract templates for building any parametric insurance product
- Oracle layer that connects on‑chain contracts to off‑chain data sources for automated claim triggers
- Audited, open‑source codebase compatible with multiple blockchains
- Integrated investor fund management and staking mechanisms for capital provision
- Marketplace for buying and selling decentralized insurance policies
- Comprehensive developer docs, technical support, and community resources
- Automatic, near‑instant on‑chain payouts without manual claim adjudication