Etherisc's mission is to build an open protocol for decentralized insurance applications, making it more efficient, enabling lower operational costs, providing greater transparency into the industry compared to traditional operations, and democratize access to reinsurance investments
More specific, blockchain can help to solve four main problems which pile up costs in
traditional insurance companies:
- Coordination (“managerial”) costs.
- Conflict of interest between customers and company.
- Information asymmetry between customers and company.
- Access to risk pools
Technology
Blockchain : Ethereum
file:///C:/Users/hp/Downloads/etherisc_whitepaper_1.01_en%20(1).pdf