how we built parametric hurricane insurance for puerto ... · how we built parametric hurricane...

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

https://fdd.etherisc.com

https://fdd.etherisc.com

https://fdd.etherisc.com

https://fdd.etherisc.com

https://fdd.etherisc.com

https://fdd.etherisc.com

https://fdd.etherisc.com

Next step: select a local partner to design Parametric Earthquake Insurance for Mexico

Using AI & Blockchain in 90 days

renat@etherisc.com

+1(650)395-7002

Telegram: renatko / Skype: renatk