News Non-Life03 Jul 2019

Sri Lanka:Farmers sign up for first blockchain-based agricultural insurance


Nearly 200 smallholder paddy field farmers in Sri Lanka, who are at risk of losing their crops due to extreme weather, have enrolled in a newly-launched blockchain-based platform which provides them with automated microinsurance products. The platform was recently launched by InsurTech start-up Etherisc, insurance broker Aon and Oxfam, which have collaborated to utilise blockchain technology and directly address issues that are exacerbating the protection gap among these farmers.

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