How We Built Parametric Hurricane Insurance for Puerto Rico Using AI & Blockchain
in 90 days
Renat Khasanshyn, Co-founder, Etherisc
XXVIII International Seminar CNSF
Mexico City, Mexico; October 25, 2018
“Our insurer, MapFre, is a joke. We
opened the claim in late September 2017 and had not been contacted until we engaged a law firm in January.<> We finally received a joke of an "offer" for 4 figures. We submitted an honest claim over 6 figures. Carriers have no interest in parting
with their money.“
Product templates built by the Etherisc Community
@etherisc
Dynamic, flow-through & real-time pricing (web, iOS, Android)
@etherisc
Dynamic, flow-through & real-time pricing (web, iOS, Android)
@etherisc
Dynamic, flow-through & real-time pricing (web, iOS, Android)
@etherisc
Personalized pricing (based on longitude/latitude)
@etherisc
How does HurricaneGuard Work?
www.noaa.gov
Simple Flow Model
@etherisc
Where is the business case!?
1. Real-time/high-precision exposure mgmt > 2. Lower reinsurance premiums >3. Real-time allocation of risk capital!
@etherisc
https://crop.etherisc.com
Same, parametric model applied to another insurance
vertical
https://fdd.etherisc.comhttps://fdd.etherisc.com
Next step: select a local partner to design Parametric Earthquake Insurance for Mexico
Using AI & Blockchain in 90 days
+1(650)395-7002
Telegram: renatko / Skype: renatk
