In January 2017, we demonstrated a prototype for social insurance on the blockchain as our submission for the Blockchain Virtual GovHack in UAE. In April 2017, Etherisc won the Blockchain Oscar for “Most Innovative Blockchain Startup”. We also started working with EY to explore the regulatory and legal aspects of setting up and operating an insurance company on blockchain.
In June 2017, Etherisc joined the Enterprise Ethereum Alliance and started the Insurance Working Group there, which Stephan and Christoph chair. In September 2017, Etherisc won a jury award at ICO Summit in Zürich, Switzerland in the pre-ICO start-up category. In the final quarter of 2017, we sold more than a hundred flight-delay policies to travelers to the Devcon3 meeting in Cancun, the Blockchain Summit in Zug and the Token Summit in San Francisco.
In December 2017 we founded the Decentralized Insurance Foundation in Zug, Switzerland.
Co-founder, Protocol & Architecture
Co-founder, Ecosystem & Community
Co-Founder, Insurance Products & Revenue
Press relations, Management assistant
CFO & Human Resources
Director of Engineering
Lead Blockchain Engineer for Smart Contracts
Blockchain Engineer for Smart Contracts
Engineer in Test
Security Infrastructure Engineer
UI/UX Designer of Insurance Products
Community and Ecosystem Manager
Community and Ecosystem Analyst
Developer Content and Thought Leadership
Researcher of Risk Models and Full-Stack Developer
Developer Marketing Manager
Blockchain Communications Specialist
Rated on 2018-03-30
Rated on 2018-06-22
Decentralised insurance will be a big market and Etherisc is with its open protocol on the forefront. The Team includes experts from the Insurance and and as well Developer community. They have as well a good established global network to kickstart there business.
Rated on 2018-04-14
Rated on 2018-06-07
Insurance (like a banking industry) is highly regulated. We see how Ripple and others are trying to penetrate it. So I doubt it is going to be easy to make business here in the near future. I like the team and advisors. And I respect this challenge as well. As to the Whitepaper i see too technical approach there but regulation/marketing data is what i lack in the WP and this bothers me most in this case.
Rated on 2018-06-08
The team and advisory board is very experienced. Working on insurance is big and bigger ... I basically like the vision ... It's a challenging industry too ....... Also they have MVP. Best of luck team looking forward to see success
Rated on 2018-06-13
I guess decentralized Insurance is the future. From your Whitepaper I can see that you accounted for all kinds of situations and included a Reinsurance Pool for Black Swan Events. Product is not 5 Points because of licensing. For DACH it might be difficult to have your own license, but you could have come up with a Insurance Partner already for a quick start. Nevertheless, I really like it. Lots of success!
Rated on 2018-07-08
Etherisc offers a “decentralized Insurance Protocol for collaborative development of new insurance products”. They want to democratize the insurance market, making insurance fairer. On their platform middle men will almost entirely be cut out, as you only need market demand and good access to the insurance market. The team has a good background in multiple areas, such as IT, consulting, business development and much more. Additionally, their advisory board has some heavyweights, with Ron Bernstein, CEO of paradex.io and Augur advisor, William Mougayar, founder and producer of Token Summit, Daneil Zakrisson, Co-founder of Cofound.it and many more. Etherisc already had their first prototype working in 2016, which was a flight delay insurance and in 2017 it was live again for DevCon3. They will have lots of products, which are all in different stages of development. One can think of social insurance, crop insurance and cold storage insurance of crypto assets. According to their whitepaper it is necessary for an insurance company to comply with Solvency II. This requires a minimal capital of roughly $10M, operational funds are needed as well which makes the total sum within the range of $12.5M - $15M. I am curious what "level estimate" they will run with, depending on the amount they will raise in the ICO and how this will ultimately impact the project. I understand why they set the softcap at $20M and harcap at $50M, but it is a lot of money and it remains uncertain whether they will be able to raise this much. Lastly, as it has been told by other advisors before already - I am curious how regulations will impact Etherisc, as they are bringing a new approach to highly regulated market.
Rated on 2018-07-15
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
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Found commercial entity, located in Zug, Switzerland, fully or partially owned by the DI Foundation
Found first commercial insurance entity in partnership with existing insurance company, to sell insurance into first target market
DI Foundation owned entity sells first policy, fully licensed, fully regulated. Flight delay, B2C
Launch easy-to-use mobile app for flight delay insurance
Ramp up primary insurance business in a European jurisdiction (the process usually takes 12-18-months)