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Insurance verified Verified Outcome TRL 9

Parametric Air Cargo Delay Insurance

domain Client: Freight Forwarders handshake Provider: Otonomi schedule Deploy: 2021-Present
86 Impact
Enterprise Ready
Evidence Score: 4/10
Strength: Medium

Executive Summary

ANALYST: COI RESEARCH

Blockchain-enabled parametric insurance for air cargo, triggering automatic payouts if a flight is delayed beyond a set threshold.

rate_review Analyst Verdict

"Solves the 'time value of money' problem in logistics. Traditional claims for delay are notoriously difficult to prove and slow to pay. This creates a simple 'late = paid' mechanic using flight tracking data oracles."

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Full Audit Report Available Includes Risk Register, Technical Specs & Compliance Data.

warning The Challenge

Air freight is premium shipping for time-sensitive goods (pharma, electronics). Delays cause massive disruption and penalties. Traditional cargo insurance covers 'physical loss' well but handles 'delay' poorly, requiring extensive paperwork to prove the delay caused a financial loss, often taking months to settle.

psychology The Solution

Developed a parametric platform powered by a blockchain oracle (Chainlink) that monitors global flight data. If a shipment's flight is delayed by >X hours, the smart contract executes a payout instantly to the shipper's wallet. This provides immediate liquidity to expedite the goods via other means or cover penalties.

settings_suggest Technical & Deployment Specs

Integrations
TMS (Transport Mgmt Systems)
Deployment Model
Web Platform
Data Classification
Flight Data
Estimated TCO / ROI
Premium
POC Summary ( to )

"N/A"

shield Risk Register & Mitigation

Risk Factor Severity Mitigation Strategy
Oracle Failure Low Redundant flight data sources.
Regulatory Medium Licensed MGA structure.

trending_up Impact Trajectory

Audited value realization curve

Claims settled in minutes Verified Outcome
Primary KPICoverage of delay risk
Audit CycleReduction in admin cost

policy Compliance & Gov

  • Standards: US Insurance Regs
  • Maturity (TRL): 9
  • Evidence Score: 4/10
  • Data Class: Flight Data

folder_shared Verified Assets

description
Verified Case Study
PDF • Version 1
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Technical Audit
PDF • Audited
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Security Architecture

The "Blind Verification" Protocol

How we verified these outcomes for Freight Forwarders without exposing sensitive IP or identities.

Private
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1. Raw Evidence

Audit ID: #PRIV-570
Evidence: Direct SQL Logs
Public
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2. Verified Asset

Outcome: Verified
Ref ID: #COI-570

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