Etherisc Launches Blockchain-Backed Parametric Flight Delay Insurance

Anthony R. O’Donnell // January 21, 2022

(Image credit: Jan Vašek/Pixabay.)

Etherisc (Munich), an open-source, decentralized insurance protocol and ecosystem, has launched its FlightDelay product, which the company describes as a blockchain-backed parametric insurance application that autonomously issues policies and executes payouts for travelers who experience flight delays or cancellations.

Available for passenger flights globally through 80 airlines, insurance policies are purchasable on Etherisc’s dedicated FlightDelay Portal. Payments are processed through blockchain payments platform Gnosis Chain (formerly xDai Chain), with an initial payment option of USDC. Further FIAT and cryptocurrency options are in development, according to an

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