3 Reasons Why We Believe Decentralized Insurance Products Will Achieve Mass Adoption Quicker Than Expected Etherisc Follow Jun 14, 2018 · 2 min read

Many unique, niche products. Due to low cost of new product development, a decentralized insurance protocol enables creation of long-tail insurance products. Low cost of insurance products. In 2016, the insurance industry took a 44% cut from premiums paid by consumers hoping to share risk with other consumers. Many entrepreneurs and developers would be happy with a smaller cut which they now can receive without rent-seeking intermediaries. An existing insurance company is unlikely to be interested in a $50M market, however a 20-year old data scientist from China may very well be interested in receiving 3–5% of revenue of insurance company in the EU selling a niche product into $50M market. Ability for consumers to earn crypto by sharing information about their risk. For the first time, end-users will be able to earn crypto for sharing information about themselves, their insurable property.

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

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To learn more about Etherisc, visit etherisc.com or join our Telegram discussion. Token Sale starts 25th of June. Whitelisting is still open!