Sibrox provides blockchain‑based infrastructure that enables insurance carriers to launch data‑triggered, parametric insurance products with instant, transparent payouts. Its enterprise‑ready APIs and smart‑contract templates replace legacy mainframe systems and manual underwriting workflows, reducing time‑to‑market from months to days. The platform is multi‑chain compatible, supporting EVM and other blockchains, and is currently being evaluated by multiple enterprises.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional insurance carriers rely on mainframe systems and paper‑based workflows for underwriting and claims, which creates slow product development cycles, high operational costs, and limited transparency for policyholders.
Solution
Sibrox offers a blockchain‑based infrastructure that lets insurers build and launch parametric insurance products triggered by real‑time data. The platform provides enterprise‑grade APIs and EVM‑compatible smart contracts that automate underwriting rules and claim payouts, delivering instant, auditable settlements. By abstracting the underlying blockchain complexity, Sibrox enables multi‑chain deployment, allowing carriers to move from months‑long development to days‑long time‑to‑market. The solution also integrates compliance controls to reduce regulatory overhead while maintaining data integrity and security.
Target Audience
Primary customers are insurance carriers and reinsurers seeking to create data‑driven parametric products, as well as enterprise risk managers looking to modernize underwriting and claims processes.
Features
- Enterprise‑ready REST and gRPC APIs for product configuration, risk modeling, and policy administration
- EVM‑compatible smart contracts that execute data‑driven triggers and automate claim settlement without manual intervention
- Multi‑chain compatibility enabling deployment on public and private blockchains to meet performance and regulatory requirements
- Built‑in compliance modules that enforce jurisdictional rules and generate audit trails for regulators and auditors
- Real‑time data integration layer supporting external feeds (e.g., weather, IoT) to activate parametric triggers
- Dashboard for insurers to monitor policy performance, payout events, and system health