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Etherisc

Decentralized open-source insurance infrastructure for parametric products

Insurtech Infrastructure Growth Seed
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Overview

Etherisc is a blockchain-based insurance infrastructure provider headquartered in Munich, Germany, serving insurers, NGOs, and developers building parametric insurance products on EVM-compatible blockchains. Founded in 2016 by Christoph Mussenbrock and Stephan Karpischek, the company develops open-source smart contract tooling that standardizes the core functions of parametric insurance -- policy issuance, risk pooling, oracle integration, and automated claims payouts -- reducing the need for manual adjudication.

The company's core product is the Generic Insurance Framework (GIF), a modular smart contract library that supports multi-chain and multi-tenant deployments across Ethereum, xDai, Avalanche, Polygon, and other EVM-compatible networks. Product builders deploy their own domain-specific contracts on top of GIF while relying on the shared infrastructure for premium collection, capital management, and Chainlink oracle connections. Etherisc also offers an insurance-as-a-service model, licensing the GIF stack to insurers and organizations that want to launch their own parametric products without building underlying blockchain infrastructure.

Etherisc has deployed crop insurance for over 17,000 smallholder farmers in Kenya through a partnership with ACRE Africa, and has covered 5,500 farmers in Burkina Faso via the WFP Innovation Accelerator. A joint study with the Global Innovation Lab for Climate Finance found the technology reduces policy issuance costs by up to 41%. Additional products include flight delay insurance, hurricane protection, stablecoin depeg coverage, and an on-chain carbon offset insurance pilot developed with Chainlink, Coorest, and Floodlight.

Products & Services

Generic Insurance Framework (GIF)

An open-source smart contract library forming the foundation for Etherisc-based insurance products. GIF abstracts shared insurance logic -- policy lifecycle management, risk pooling, premium handling, claims adjudication, and payout disbursement -- letting product developers focus on product-specific logic (risk model, pricing, payout criteria). Supports multi-chain and multi-tenant deployments on EVM-compatible blockchains.

Key Features

  • Modular smart contract architecture separating shared infrastructure from product-specific logic
  • Multi-chain support: Ethereum, xDai, Avalanche, Polygon, and other EVM-compatible networks
  • Chainlink oracle integrations for weather, flight, and price feed data
  • DIP Token staking model for ecosystem participation (product owners, oracle providers, risk pool operators)

Target Users: Insurance product developers, insurers, NGOs, and startups building parametric insurance products

Flight Delay Insurance

A parametric insurance product covering delayed or cancelled flights. Payouts are triggered automatically when oracle-confirmed flight delay data meets qualifying thresholds. Policyholders receive compensation without filing claims.

Key Features

  • Automatic payout on confirmed delays without claims submission
  • Oracle-verified flight data
  • Dedicated web UI for policyholders

Target Users: Travelers, consumers

Crop Insurance (Agricultural)

A blockchain-based parametric crop insurance product for smallholder farmers. Weather data from Chainlink oracles -- soil moisture content and rainfall index -- triggers automatic payouts when thresholds indicate crop stress.

Key Features

  • Chainlink oracle integration for weather data
  • Automated payouts with no manual claims process
  • Deployed at scale: 17,000+ farmers in Kenya (ACRE Africa), 5,500 in Burkina Faso (WFP)
  • 41% reduction in policy issuance costs documented by independent study

Target Users: Agricultural NGOs, insurers serving smallholder farmers, development finance institutions

USDC Depeg Protection

A decentralized stablecoin depeg coverage product launched in 2023, powered by Chainlink price feeds. USDT holders can participate in peer-to-peer risk pools backed by DIP tokens, earning premiums for providing coverage. Policyholders receive compensation if USDC falls below a defined depeg threshold.

Key Features

  • Peer-to-peer risk pool model
  • Chainlink price feed integration
  • DIP token staking for risk pool participation

Target Users: DeFi users, stablecoin holders

Carbon Offset Insurance

An on-chain carbon offset insurance pilot protecting reforestation-based carbon offset projects against wildfire, flood, and storm risk. Developed in collaboration with Chainlink, Floodlight, and Coorest.

Key Features

  • World's first on-chain carbon offsets insurance product
  • Covers financial risks to voluntary carbon market reforestation projects
  • Multi-party collaboration across oracle, carbon registry, and insurance infrastructure

Target Users: Carbon project developers, green finance participants

Hurricane Protection

A parametric insurance product covering hurricane events, with automated payouts triggered by verified hurricane data from oracle feeds.

Key Features

  • Automated payout on verified hurricane events
  • Oracle-based data verification

Target Users: Property owners in hurricane-prone regions

At a Glance

Founded
2016
Headquarters
Munich, Germany
Employees
11-50
Funding
Seed

Category & Focus

Category
Insurtech Infrastructure
Subcategories
Parametric Insurance Platform Blockchain Insurance Smart Contract Infrastructure
Insurance Verticals
Specialty/E&S P&C Personal P&C Commercial
Target Customers
Carriers, MGAs/MGUs, Consumers

Customers

  • ACRE Africa -- delivery partner for crop insurance covering 17,000+ smallholder farmers in Kenya
  • WFP Innovation Accelerator -- humanitarian crop insurance for 5,500 farmers in Burkina Faso (38,500 people reached)

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Last updated: 2026-06-13