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Description
Choose your crop and the site of your field, as automated compensation is activated by drought or flood incidents reported by government agencies. This represents the pioneering phase of decentralized insurance. The payouts are not only automatic but also nearly instantaneous. Now fully authorized, this system is tailored for individuals with low incomes and small business proprietors. Instantaneous payouts are triggered by wind speeds detected by weather stations located within a 30-mile radius of the insured's permanent residence. It also offers safeguards against the risks of theft and cyber attacks on smart contract wallets. Additionally, it provides cost-effective and easily accessible protection against the potential loss due to the death or serious illness of a community member. The provision of immediate emergency payments ensures that individuals can navigate through challenging times with greater ease and support. This innovative approach to insurance can significantly enhance the resilience of vulnerable communities.
Description
Conventional insurance models have fallen short in addressing the escalating dangers posed by severe weather events. Understory™ stands at the forefront, offering innovative insurance solutions tailored for a world increasingly affected by climate change. Discover how your enterprise can effectively navigate severe weather risks through our straightforward, transparent, and adaptable insurance options. Our revolutionary hyperlocal climate risk engine transforms even the most daunting climate hazards into manageable opportunities, showcasing our commitment to safeguarding industries most at risk from climate impacts. With unparalleled accuracy and insight, we introduce you to Dot™, our cutting-edge weather sensor that serves as the backbone of our transformative technology platform. Traditional insurers often lack the necessary tools to evaluate and price severe weather risk effectively, resulting in a tendency to assume the worst and impose steep premiums. As the landscape of insurance evolves, embracing advanced solutions like ours is essential for both profitability and protection against climate-related uncertainties.
API Access
Has API
API Access
Has API
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Etherisc
Founded
2016
Country
Germany
Website
etherisc.com
Vendor Details
Company Name
Understory
Founded
2012
Country
United States
Website
understoryweather.com