TechFlow news: Blockchain insurance provider Ensuro is revolutionizing the insurance industry using smart contracts and the USDC stablecoin.
Co-founders Marco Mirabella and Guillermo Narvaja said blockchain technology makes micro-policies feasible, expanding insurance coverage. Ensuro has underwritten over 170,000 policies covering travel, weather, cyber, and cargo risks. The company's "Resilience Growth" product helps Kenyan farmers manage climate risks with automated payouts.
Ensuro uses USDC as its sole stablecoin for policy pricing and claims settlement, significantly reducing payout times. The company plans to further expand crop insurance coverage in Kenya to benefit more farmers and diversify risk.
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