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Parametric Insurance · On-Chain Settlement

Climate risk
coverage, settled
in seconds.

Institutional-grade parametric insurance for climate exposure. When your trigger condition is met, payouts are automatic — no adjusters, no claims, no delays.

On-chain transparency
Instant payouts
No claims process
Smart contract secured
Platform Overview
Total Policies
Active Policies
Premiums Underwritten
Total Paid Out
Live data · Arc Network · Open-Meteo Oracle

Three steps to coverage

Parametric insurance replaces traditional claims with automated, data-driven payouts — removing subjectivity from the process.

01
📋
Define your parameters

Choose your location, weather trigger type, threshold value, coverage duration, and premium amount. Your policy terms are fixed immutably on-chain at purchase.

02
📡
Oracle monitors conditions

Our weather oracle continuously feeds verified meteorological data from Open-Meteo into the smart contract, checking your trigger condition in real time.

03
Automatic payout on trigger

When your condition is met and the policy expires, you claim your payout directly — no paperwork, no adjuster, no delay. USDC transferred instantly to your wallet.

Select your risk category

Choose from five parametric insurance products designed to protect agriculture, operations, events, and infrastructure from climate risk.

❄️
Frost Protection

Triggered when temperature falls below your defined threshold. Ideal for agriculture and outdoor operations.

Temperature ↓
🌡️
Heatwave Coverage

Activates when temperatures exceed your threshold. Protect energy costs, livestock, and outdoor events.

Temperature ↑
🌧️
Rainfall Insurance

Triggered by excessive precipitation above threshold. Covers events, construction, and logistics.

Precipitation ↑
🏜️
Drought Protection

Activated when rainfall falls below threshold. Essential coverage for agriculture and water-dependent operations.

Precipitation ↓
💨
Wind Risk Coverage

Triggered by windspeed exceeding your threshold. Protects construction, renewables, and outdoor infrastructure.

Windspeed ↑

Global weather monitoring

Via Open-Meteo · Updates every 10 minutes

IST
Istanbul
NYC
New York
LON
London
TKY
Tokyo
SAO
São Paulo
SEO
Seoul

Configure your coverage

Define your parameters below. All policy terms are immutable once confirmed on-chain.

Coverage Location
Risk Type
Trigger Threshold (°C)
Coverage Duration
Premium Amount (USDC) Min 5 · Max 20
Coverage Breakdown
Premium 5.00 USDC
Platform fee (7%) 0.35 USDC
Net premium 4.65 USDC
Payout if triggered 8.84 USDC
Why parametric?
No claims. No disputes. No delays.
Traditional insurance requires filing claims, providing evidence, and waiting weeks for assessment. Parametric insurance is binary: the trigger either occurs or it doesn't — removing all ambiguity.
Minimum trigger margins
❄️ Frost / 🌡️ Heat ±3°C from current
🌧️ Rain / 🏜️ Drought ±2mm from current
💨 High Wind +5 km/h from current
Important notes
Trigger recording begins 2 hours after policy purchase
Claims can only be submitted after policy expiry
Payout = net premium × 1.9× multiplier
Weather data is sourced from Open-Meteo and submitted by our oracle contract. All policy terms are recorded immutably on the Arc Network blockchain.

My Policies

Connect wallet to view
Location
Coverage Type
Threshold
Premium → Payout
Expires
Status / Action
🔒
Connect your wallet
Connect your wallet to view your active and historical policies.

Payout scenario simulator

Adjust parameters to model potential payout scenarios under different risk assumptions.

Parameters
Premium (USDC) 10
Coverage duration (days) 7 days
Risk multiplier 1.9×
Potential Payout
Scenario Distribution

Built on verifiable infrastructure

Every policy, every payout, every oracle update is recorded immutably on-chain. No black boxes. No hidden adjustments.

🔗
On-chain policy records

Every policy is stored in a smart contract on Arc Network. Terms are immutable from the moment of purchase — no one can change the conditions after the fact.

📡
Verified weather oracles

Meteorological data is sourced from Open-Meteo and submitted via an audited oracle contract. All data submissions are timestamped and verifiable on-chain.

Deterministic payouts

Payout logic is encoded in the smart contract. When conditions are met, the math is executed exactly as written — no human discretion, no delays, no disputes.

Risk Disclosure
Arc Climate parametric insurance policies are blockchain-based financial instruments settled in USDC. Payouts are dependent on oracle data accuracy and smart contract execution. This product is currently in beta and operates on Arc Network. Policies do not constitute regulated insurance under any jurisdiction. Please review all parameters carefully before purchasing. Past performance of oracle systems does not guarantee future accuracy.

Common questions

How are payouts determined?
Payouts are calculated as: (premium − 7% platform fee) × 1.9× multiplier. This calculation is hardcoded in the smart contract and cannot be modified by any party after purchase.
When can I claim my payout?
Claims can only be submitted after your policy expires. If the trigger condition was recorded during the active period, you can claim once the duration ends. Trigger recording starts 2 hours after purchase to prevent gaming.
What happens if the trigger is never met?
If the trigger condition is never met during your policy's active period, no payout is issued. The premium remains with the protocol. This is the fundamental nature of parametric insurance — you are paying to hedge against a specific outcome.
Where does the weather data come from?
Weather data is sourced from Open-Meteo, an open-source weather API providing forecasting data. Our oracle contract fetches and stores this data on-chain, where it can be audited by anyone. The oracle update timestamp is always visible on each weather card.
Which wallet should I use?
Arc Climate supports MetaMask, OKX Wallet, Rainbow, and Coinbase Wallet. You'll need USDC on the Arc Network to pay premiums. Clicking "Connect Wallet" will prompt you to add the Arc Network chain if it's not already configured.