Make Insurance Fair and Accessible

Decentralized insurance protocol to collectively build insurance products.

Products built by the HagersTownInsurance community

Crop Insurance

Select your crop and the location of your field. Automated payouts are triggered by drought or flood events reported by government agencies.

Demo video

Flight Delay Insurance

First decentralized insurance. Payouts are automatic and almost instant. Now fully licensed.

Demo video

Hurricane Protection

Affordable, accessible protection against risk of death or heavy illness of a community member. Immediate emergency payment which helps to get through critical times.

Designed

Crypto Wallet Insurance

Protection against risk of theft and attacks of hackers on wallet smart contracts. Target coverage - up to $1M.

Designed

Collateral Protection for Crypto-backed Loans

Policy pays up to 100% of the issued loan amount if value of collateral provided by the borrower (i.e. ETH, or tokenized car) drops by 90% or more.

Designed

Social Insurance

Affordable, accessible protection against risk of death or heavy illness of a community member. Immediate emergency payment which helps to get through critical times.

Prototyped

Platform Layers

Decentralized  Insurance Platform (DIP)

Ecosystem is supported by DIP Foundation and contains product builders, risk pool keepers, resellers, oracles providers, claim adjusters, relayers, and underwriters

Generic Insurance Framework (GIF)

Core smart contracts
(provided by DIP Foundation and partners)  
Core microservices
(provided by DIP Foundation and partners)
Application or Product Specific smart contracts
(provided by DIP Foundation and partners)  
Application or Product Specific micro services
(provided by DIP Foundation and partners)         

Decentralized Insurance Protocol
(DIP Protocol)

Rules and standards of how to interact with GIF, interfaces definitions (includes ERC721, ERC165, and ERC20 standards)

Revenue model for protocol users & crypto investors

Revenue modelRevenue model

Timeline

The beginning

founded by Christoph Mussenbrock and Stephan Karpischek

July 28, 2016

Flight Delay DApp

Flight Delay DApp presented at the Ethereum developer conference Devcon2 in Shanghai

September 19, 2016

1st prize

HagersTownInsurance wins Blockchain Startup Contest in Graz

November 28, 2016

Whitepaper

Released a first version of our whitepaper for review

December 16, 2016

Blockchain Oscar

Etherisc won the Blockchain Oscar 2017 for most innovative blockchain startup

April 6, 2017

Token Generating Event Finish

45,478,958 DIP tokens were distributed to 280 contributors

July 23, 2018

GIF release

Generic Insurance Framework is released under a free and open source license

January 24, 2019

BEACON Project Started

EU funded project that couples Earth Observation & blockchain technology, with weather intelligence to deliver cost-efficient and actionable insights for the agri-insurance industry.

February 1, 2019

Crop insurance live

Aon, Oxfam, and Etherisc launch agricultural insurance for farmers in Sri Lanka

July 1, 2019

Chainlink Oracles

Etherisc to Leverage Chainlink Oracles For Decentralized Flight Insurance Product

February 6, 2020

New Legal Model

Etherisc's new legal model approved by German Financial Authority

July 1, 2020

Support from Chainlink

Chainlink makes it possible to start the crop insurance project with ACRE Africa in Kenya

November 14, 2020

Support from Ethereum Foundation

Aya Miyaguchi, highlighted the potential of blockchain technology in the area of inclusive finance

December 14, 2020

Support from Mercy Corps Ventures

Mercy Corps Ventures joined Chainlink and Ethereum Foundation to support ACRE Africa crop insurance initiative

January 15, 2021

Grant Announcement

Etherisc launches 50 Million DIP Token Grant Program

February 8, 2021

MVP for crop insurance in Kenya ready

The initiative aims to provide 250,000 farmers in East Africa with insurance coverage, who will be able to pay the insurance premiums in small installments as low as $50 cents.

April 1, 2021

Support from CLI and SDC

Climate Ledger Initiative and Swiss Agency for Development and Cooperation join the Acre Africa project

May 17, 2021

First Payouts to farmers

The first payments have been processed directly through the system designed and built by Etherisc in tandem with ACRE Africa and are visible on-chain.

July 14, 2021

Community Supported Insurance (Saxony)

Start of the CSI Project in Saxony

August 31, 2021

Introducing the GIF Monitor

A Visualization of the GIF. Allows all actors to develop and deploy their own products on our platform.

September 1, 2021

Rapid Development Platform

Meteor-Kitchen will enable to build new Insurance Products extremely fast

October 1, 2021

FlightDelay protection live

A blockchain-based flight delay protection product that autonomously issue policies and execute payouts for travelers who experience flight delays or cancellations.

January 20, 2022

Co-Grant Announcement

Etherisc and Chainlink launch a joint grant program to support the development and accelerate the adoption of data-driven decentralized insurance products.

March 11, 2022

Lemonade Crypto Climate Coalition

Etherisc becomes founding member of Lemonade Crypto Climate Coalition

March 22, 2022

Timeline

July 28, 2016

The beginning

founded by Christoph Mussenbrock and Stephan Karpischek

September 19, 2016

Flight Delay DApp

Flight Delay DApp presented at the Ethereum developer conference Devcon2 in Shanghai

November 28, 2016

1st prize

Etherisc wins Blockchain Startup Contest in Graz

December 16, 2016

Whitepaper

Released a first version of our whitepaper for review

April 6, 2017

Blockchain Oscar

Etherisc won the Blockchain Oscar 2017 for most innovative blockchain startup

July 23, 2018

Token Generating Event Finish

45,478,958 DIP tokens were distributed to 280 contributors

January 24, 2019

GIF release

Generic Insurance Framework is released under a free and open source license

February 1, 2019

BEACON Project Started

EU funded project that couples Earth Observation & blockchain technology, with weather intelligence to deliver cost-efficient and actionable insights for the agri-insurance industry.

July 1, 2019

Crop insurance live

Aon, Oxfam, and Etherisc launch agricultural insurance for farmers in Sri Lanka

July 1, 2020

New Legal Model

Etherisc's new legal model approved by German Financial Authority

February 6, 2020

Chainlink Oracles

Etherisc to Leverage Chainlink Oracles For Decentralized Flight Insurance Product

November 14, 2020

Support from Chainlink

Chainlink makes it possible to start the crop insurance project with ACRE Africa in Kenya

December 14, 2020

Support from Ethereum Foundation

Aya Miyaguchi, highlighted the potential of blockchain technology in the area of inclusive finance

January 15, 2021

Support from Mercy Corps Ventures

Mercy Corps Ventures joined Chainlink and Ethereum Foundation to support ACRE Africa crop insurance initiative

February 8, 2021

Grant Announcement

Etherisc launches 50 Million DIP Token Grant Program

April 1, 2021

MVP for crop insurance in Kenya ready

The initiative aims to provide 250,000 farmers in East Africa with insurance coverage, who will be able to pay the insurance premiums in small installments as low as $50 cents.

May 17, 2021

Support from CLI and SDC

Climate Ledger Initiative and Swiss Agency for Development and Cooperation join the Acre Africa project

July 14, 2021

First Payouts to farmers

The first payments have been processed directly through the system designed and built by Etherisc in tandem with ACRE Africa and are visible on-chain.

August 31, 2021

Community Supported Insurance (Saxony)

Start of the CSI Project in Saxony

September 1, 2021

Introducing the GIF Monitor

A Visualization of the GIF. Allows all actors to develop and deploy their own products on our platform.

October 1, 2021

Rapid Development Platform

Meteor-Kitchen will enable to build new Insurance Products extremely fast

January 20, 2022

FlightDelay protection live

A blockchain-based flight delay protection product that autonomously issue policies and execute payouts for travelers who experience flight delays or cancellations.

March 11, 2022

Co-Grant Announcement

Etherisc and Chainlink launch a joint grant program to support the development and accelerate the adoption of data-driven decentralized insurance products.

March 22, 2022

Lemonade Crypto Climate Coalition

Etherisc becomes founding member of Lemonade Crypto Climate Coalition

Partners

Chainlink
Acre Africa
Wachsman
DLA Piper
Aon
Captain Frank
Bochsler Finance
KR1
Altoros
Lakeside
Inacta
MME

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Quotes & Testimonials

Downloads

i

In the "Token mechanics" document we present a token model for a decentralized insurance platform. Together with a consumer-facing insurance application, this shows how a decentralized insurance system could work on the blockchain.

Token Mechanics
English
i

Etherisc's mission is to build decentralized insurance applications, making the purchase and sale of insurance more efficient, enabling lower operational costs, increase transparency of insurance compared to traditional operations, and democratize access to reinsurance investments. More details can be found in our whitepaper.

Whitepaper
English
i

Etherisc is building a platform for decentralized insurance, plain and simple. But we also understand it is not so straightforward to grasp the various elements that go into making Etherisc. Read this 17-page paper outlining our vision and summarizing what Etherisc is.

What is HagersTownInsurance
English
i

Etherisc creates a Decentralized Insurance Protocol to collectively build insurance products. This game-changing protocol can address the main challenges of modern insurance. Read this one pager to get a quick overview of the Etherisc project and how it can completely reshape the legacy model of the insurance industry.

Onepager
English
Etherisc Logo with Bird
Contact us

HagersTownInsurance Insurance Found
Largo Riccardo Zandonai, 3-1
20145 Milano
Italy

contact@hagerstowninsurance.co

HagersTownInsurance GmbH
Ruth-Drexel-Str. 193
81927 München
Germany