1. Etherisc wants to make insurance fair and accessible!

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.

Why the world needs decentralized insurance:

Increase transparency and fairness of insurance

Enable lower operational costs

Make the purchase and sale of insurance more efficient

Common infrastructure, product templates and insurance license-as-a-service make a platform that allows anyone to create their own insurance products.

Independent workers and risk capital providers earn fair share of created value.

2. Etherisc is already 2 years in the making

The founders met in June 2016 and presented a first working insurance application in September 2016. Since then, they have won several awards and built a company with 23 team members around the world (Switzerland, Austria, Germany, United Kingdom, Belarus, USA), set up a proper Swiss Foundation, and sold the first, fully regulated smart contract based flight insurance in October 2017.

3. Well connected with the Core-Blockchain Community

All 3 founders are well connected to the core community and did present at countless industry events in the last years.

As well, Etherisc is a member of the Crypto Valley Association, part of Project Transparency, FCA Regulatory Sandbox. Moreover, the founders are chairs of the Enterprise Ethereum Alliance Insurance Working Group.

4. Live Product + many community build products in the pipeline

Currently, more than 20 products are being built from idea stage to production. The most well-known are:

Flight Delay Insurance is in production on Ethereum — fully licensed, sold worldwide for ETH, USD, EUR. A developer earns 5% of revenue (set by the developer) and 100% of underwriting profit. HurricaneGuard.io is deployed on the Ethereum testnet. Crypto-backed lender insurance. Watch for the announcement from market leading crypto-backed lenders. DAO/smart contract insurance is in design/prototyping.

For more details about the projects, please visit our GitHub profile.

5. Etherisc won a number of Awards & Memberships

Best blockchain startup 2016

Blockchain oscar 2017

Insurtech shaper of the year 2017

Most funded project at hack.ether.camp

Winner of ICO Summit Award

Plug and Play Insurtech Accelerator

Alumnus of AIA and Werk1 insurtech accelerators

6. TOP ICO Ratings

TrackICO — 5 out of 5

ICOBench — 4.7 out of 5

7. Already 3 Million USD in Early Contribution Agreements signed

As of today, the Decentralized Insurance Foundation (Based in Zug, Switzerland) received >50 signed Early Contribution Agreements (ECAs) with a total amount of commitments of more than 3M USD (at current ETH price).

8. Well known Blockchain and Insurance Industry Advisors

9. Last, but not least: An experienced and energetic team

Christoph has a long record of accomplishment in the cooperative banking sector in Germany.

After several years on the board of a cooperative bank, he switched to the IT segment and became Chief Program Manager Credit Solutions and Chief of Strategy Development at Fiducia & GAD IT AG — one of Germany’s biggest IT Service Providers. Since 2015, he has been CEO of parcIT GmbH, one of Germany’s best-known companies specialized in risk management solutions.

Stephan has more than 20 years experience in IT businesses. He advised finance and telecom enterprises on digital strategy. In 2015 he was part of the of the UBS crypto 2.0 innovation lab at Level39 in London. Stephan has been working on digital currencies since 2008.

Renat was Venture Partner at Runa Capital and CEO of Altoros. Most recently Renat led inception of insurance practice with its key customers Allianz, Allstate and Liberty Mutual, focusing on canonical use cases of blockchain, — fronting, reinsurance and insurance securitization (catastrophe bonds). Renat co-founded Altoros, a 250+ employee strong software and research laboratory in the area of distributed databases, container orchestration & developer marketplaces.

Help us Make Insurance Fair and Accessible!

To learn more or be a part of the Etherisc community, please join the discussion in our Telegram chat and follow us on Twitter, LinkedIn, and Medium.