Won the Best product in Encrypted DeFi track at Penn Blockchain Conference & Hackathon 2025.
Flight insurance claims take months to settle, and data leaks are rampant.
Passengers need a faster, more secure way with dynamic pricing to handle flight insurance.
Mimicking the options modeling, Cove supplies dynamic premium pricing from providers/insurers based on real-time flight data and their risk assessment. This ensures passengers get the best rate while providers can manage risk effectively. With smart contracts, claims are processed automatically, reducing settlement time from months to minutes, and ensuring data privacy and security.