Blockchain-based parametric insurance product tailored for farmers, homeowners and small businesses, supported by the Climate Resilience Execution Agency for Dominica (CREAD) and Global Parametrics.

Payment is made based on a predetermined calculation associated with specific events, rather than based on assessed damages, addressing the affordability and speed of payment challenges of conventional insurance coverage, extending protection to those excluded by the insurance market traditional.

Users manage their insurance product using digital wallets.