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EtheriscDecentralized insurance applications
Ethereum Meetup NYC
8 February 2017
Opportunity and vision
• Insurance is a trillion dollar market and ripe for disruption.
• Blockchain enables more efficient insurance processes.
• We build insurance applications which are
• cost-effective
• autonomous
• transparent
• provably fair
• highly customizable
Our solution: Flight delay, fdd.etherisc.comWe launched the first operational insurance application on the Ethereum blockchain in September 2016 for devcon2.
Fully automated insurance process with a great user experience.
Our solution: Crop insurance, crop.etherisc.comSame model of parametric insurance, easy to apply to other verticals
Decentralized insurance marketetherisc.com/whitepaper
Decentralized insurance market
• Decentralized market for risk sharing with a token model for investors to provide capital for risk pools
• Developed for hack.ether.camp in a team of 5 people
• Whitepaper, simple model simulation and first implementation ready
etherisc.com/whitepaper
govhack.etherisc.com
• Our contribution to UAE blockchain govhack
• Simple social security, affordable and accessible for anyone
• Mutual pools using local social structures
• Peer assessment to check for claims
• Prototype model implemented and ready for testing
• Demo at https://www.youtube.com/watch?v=pMiqYmLEj00
Bigger picture
• The evolving decentralized economy needs insurance standards.
• We will provide an open and extensible set of standards for insurance contracts, functions and interfaces on the Ethereum blockchain:
• etherisc will deliver concrete reference implementations.
• We want to build a strong consortium of blockchain companies, insurance and reinsurance companies, and customers to have a broad industry support.
Our vision
import “standard_insurance.sol”
An open standard for
the insurance value chain
Product/Service Developement
Marketingand Sales
PolicyAdministration
ClaimsManagement
AssetManagement
Reinsurance
Current status
• Incorporated in the UK and in Germany
• First paying customer for a production business process on Ethereum
• Applied for regulatory sandbox approval with the FCA in the UK
• Preparing token sale
Successful competitions
• Winner blockchain startup contest 2016, Graz, Vienna.
• Most funded project at hack.ether.camp
• One of top 5 companies selected for AIA blockchain challenge
Team
• Christoph Mussenbrock – Former CEO of parcIT GmbH, providing risk management solutions for cooperative banks, many years of work experience in banking and insurance in Germany.
Christoph has a master’s degree in mathematics and wrote his thesis on formal software and hardware verification.
https://www.linkedin.com/in/christoph-mussenbrock
• Stephan Karpischek – Managing director at disrupt consulting, a digital strategy consulting cooperative. Former business analyst for blockchain innovation at UBS, many years of work experience in IT, consulting and education in Austria, Switzerland and UK.
Stephan has a PhD in Information Management from ETH Zurich and wrote his thesis on mobile applications for the Internet of Things.
https://www.linkedin.com/in/karpischek
Development roadmap Q1 2017
• Finalize whitepaper and token model, current draft at: https://docs.google.com/document/d/16HAC-lw3MgHlVzdwUeWBaNOjTqW16GQ1MFWQD8sKMV8/edit
• Security audits and bug bounties.
• First iteration of risk pool token sale for investors.
• Integrate with mobile client status.im.
Media and references 1/2
• Etherisc whitepaper https://www.etherisc.com/whitepaper
• Lessons learned from our Flight Delay Dapp: https://medium.com/the-future-requires-more/flight-delay-dapp-lessons-learned-a59e4e39a8d1
• Flight delay demo: https://www.youtube.com/watch?v=ED1-HaWEnRs
• Flight delay on cryptocoinsnews:https://www.cryptocoinsnews.com/blockchain-disrupt-air-travel-insurance-flightdelay/
• Q&A with coinfund: https://www.youtube.com/watch?v=baRg0iCPrK8
Media and references 2/2
• Blockchain startup contest 2016 winning pitch: https://www.youtube.com/watch?v=SXCuaNH-zd4
• Blockchain startup contest 2016 winners announcement: https://www.ethnews.com/winners-of-the-blockchain-startup-contest-announced-etherisc-and-status
• hack.ether.camp winners announcement:http://blog.ether.camp/post/155070408688/and-the-winner-is
• AIA accelerator startups: http://aia-accelerator.com/startups.html
• UAE Govhack social insurance demo video: https://www.youtube.com/watch?v=pMiqYmLEj00
Follow and contact us
• Twitter: https://twitter.com/etherisc_
• Web: https://etherisc.com
• Email: [email protected]
• Chat: https://gitter.im/etherisc/Lobby
