Parametric Crop Insurance in East Africa
summary
Etherisc and ACRE Africa deploy parametric crop insurance on-chain using Chainlink decentralized oracles to ingest satellite rainfall and other remote-sensing feeds, automating payouts and audit trails. The Kenya pilot puts 17,000 policies on chain with mobile USSD onboarding and has achieved mid-season payouts instead of months-long claims, using mobile money integration for premium collection and a Chainlink grant to fund expansion and risk-pool and tokenization plans.
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chapters (12)
- 0:00Intro
- 0:50What are the problems with crop insurance in East Africa
- 2:50Can ACRE Africa and Etherisc work together
- 5:00The problem of transparency in insurance
- 7:45The opportunity
- 9:10Feedback so far
- 11:30How many farmers are covered
- 13:45Chainlink
- 18:10ACRE Africa
- 18:55Other products
- 20:55Value chain
- 23:15Conclusion
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