Etherisc | Jotup

Players In The Travel Insurance Market Are Focusing On Implementing Advanced Technologies And Developing Digital Platforms - By The Business Research Company

Retrieved on:

Friday, July 7, 2023

Etherisc, Gnosis, Berkshire Hathaway, Insurance, Travel, Aviva, American International Group, COVID-19, Computer, App Store (iOS/iPadOS), American Express, Traction, Chubb Limited, Digital, Allianz, Virgin Money, Blockchain

LONDON, July 7, 2023 /PRNewswire/ -- As per The Business Research Company's Travel Insurance Global Market Report 2023, the global travel insurance market size will grow from $19.1 billion in 2022 to $22.44 billion in 2023 at a compound annual growth rate (CAGR) of more than 17%. The travel insurance market size is then expected to grow to $40.5 billion in 2027 at a CAGR of 16%. Factors such as increase in demand for embedded, event-driven insurances, growing awareness of travel associated risks, and the rising medical costs will drive the market.

Key Points:

The travel insurance market size is then expected to grow to $40.5 billion in 2027 at a CAGR of 16%.
The global travel insurance market is highly concentrated, with a few large players operating in the market.
For instance, in March 2022, Virgin Money, a UK-based financial services company, unveiled a new digital travel insurance offering that incorporates comprehensive coverage for COVID-19.
According to the travel insurance market analysis , the top growth potential in the travel insurance market by insurance cover will arise in the single-trip travel insurance market, which will gain $12.5 billion of global annual sales by 2027.

Players In The Travel Insurance Market Are Focusing On Implementing Advanced Technologies And Developing Digital Platforms - By The Business Research Company

Retrieved on:

Friday, July 7, 2023

LONDON, July 7, 2023 /PRNewswire/ -- As per The Business Research Company's Travel Insurance Global Market Report 2023, the global travel insurance market size will grow from $19.1 billion in 2022 to $22.44 billion in 2023 at a compound annual growth rate (CAGR) of more than 17%. The travel insurance market size is then expected to grow to $40.5 billion in 2027 at a CAGR of 16%. Factors such as increase in demand for embedded, event-driven insurances, growing awareness of travel associated risks, and the rising medical costs will drive the market.

Key Points:

The travel insurance market size is then expected to grow to $40.5 billion in 2027 at a CAGR of 16%.
The global travel insurance market is highly concentrated, with a few large players operating in the market.
For instance, in March 2022, Virgin Money, a UK-based financial services company, unveiled a new digital travel insurance offering that incorporates comprehensive coverage for COVID-19.
According to the travel insurance market analysis , the top growth potential in the travel insurance market by insurance cover will arise in the single-trip travel insurance market, which will gain $12.5 billion of global annual sales by 2027.

Etherisc Launches USDC Stablecoin Depeg Protection Cover Powered by Chainlink

Retrieved on:

Thursday, April 27, 2023

Etherisc, Ethereum, Stakers, Tether, Insurance, USDC, Silicon Valley Bank, USD, DIP, Silicon, USDT, Entrepreneurship, Ecosystem, System, Signature Bank, Silvergate Bank, Cryptocurrency

MUNICH, April 27, 2023 /PRNewswire/ -- Etherisc, the open-source, decentralized insurance protocol and ecosystem, has today launched the first-of-its-kind USDC depeg protection cover to the public. As a peer-to-peer parametric product, customers receive automatic payouts should the price of the USDC stablecoin fall below its $1 USD pegged value by 0.5% for a period longer than 24 hours. The automated, blockchain-backed policy removes lengthy claims and assessment processes leading to exceptionally fast payouts and value assurance for covered USDC deposits.

Key Points:

MUNICH, April 27, 2023 /PRNewswire/ -- Etherisc , the open-source, decentralized insurance protocol and ecosystem, has today launched the first-of-its-kind USDC depeg protection cover to the public.
We saw a clear gap in the market for stablecoin protection and the launch of depeg cover on Etherisc brings immediate peace of mind for customers and their USDC deposits."
The launch of parametric USDC depeg protection marks a significant milestone in the roadmap of Etherisc's self-sustaining, decentralized insurance platform.
Etherisc is building the rails for a thriving, self-sustaining, decentralized insurance ecosystem and our USDC depeg protection is the first marquee product of this new era."

Etherisc Launches USDC Stablecoin Depeg Protection Cover Powered by Chainlink

Retrieved on:

Thursday, April 27, 2023

Etherisc, Ethereum, Stakers, Tether, Insurance, USDC, Silicon Valley Bank, USD, DIP, Silicon, USDT, Entrepreneurship, Ecosystem, System, Signature Bank, Silvergate Bank, Cryptocurrency

MUNICH, April 27, 2023 /PRNewswire/ -- Etherisc, the open-source, decentralized insurance protocol and ecosystem, has today launched the first-of-its-kind USDC depeg protection cover to the public. As a peer-to-peer parametric product, customers receive automatic payouts should the price of the USDC stablecoin fall below its $1 USD pegged value by 0.5% for a period longer than 24 hours. The automated, blockchain-backed policy removes lengthy claims and assessment processes leading to exceptionally fast payouts and value assurance for covered USDC deposits.

Key Points:

MUNICH, April 27, 2023 /PRNewswire/ -- Etherisc , the open-source, decentralized insurance protocol and ecosystem, has today launched the first-of-its-kind USDC depeg protection cover to the public.
We saw a clear gap in the market for stablecoin protection and the launch of depeg cover on Etherisc brings immediate peace of mind for customers and their USDC deposits."
The launch of parametric USDC depeg protection marks a significant milestone in the roadmap of Etherisc's self-sustaining, decentralized insurance platform.
Etherisc is building the rails for a thriving, self-sustaining, decentralized insurance ecosystem and our USDC depeg protection is the first marquee product of this new era."

Nearly 7,000 Kenyan Farmers Protected by the Lemonade Crypto Climate Coalition

Retrieved on:

Tuesday, March 28, 2023

The Lemonade Crypto Climate Coalition, the first-of-its-kind, blockchain based parametric crop protection for subsistence farmers, announced today the completion of its initial launch.

Key Points:

The Lemonade Crypto Climate Coalition, the first-of-its-kind, blockchain based parametric crop protection for subsistence farmers, announced today the completion of its initial launch.
Led by the Lemonade Foundation , the Lemonade Crypto Climate Coalition provided protection for farmers’ livelihoods impacted by weather events during the recent growing season in Kenya.
When she was introduced to the mission behind the Lemonade Crypto Climate Coalition, she was inspired to try again.
To learn more about the Lemonade Crypto Climate Coalition, visit www.lemonade.org , or read more about the initial launch here .

The Lemonade Foundation Turns to Blockchain to Protect Subsistence Farmers from Climate Change

Retrieved on:

Tuesday, March 22, 2022

The Lemonade Foundation, the nonprofit founded by Lemonade to effect exponential social and environmental impact through technology, announced today the formation of the Lemonade Crypto Climate Coalition.

Key Points:

The Lemonade Foundation, the nonprofit founded by Lemonade to effect exponential social and environmental impact through technology, announced today the formation of the Lemonade Crypto Climate Coalition.
The climate insurance will be architected as a stablecoin-denominated, decentralized application (dApp) on Avalanche, an eco-friendly proof-of-stake blockchain.
The Lemonade Foundation was established to build exponentially-impactful technologies, said Daniel Schreiber, Director at the Lemonade Foundation.
The Lemonade Foundation is an independent legal entity, and is not owned or controlled by Lemonade, Inc. or its shareholders.