swiftly verify their information with law enforcement and expedite the claims process .

Insurtech Lemonade set up a Crypto Climate Coalition , bringing together industry-leading partners with expertise in various fields to work together on solving these challenges . Avalanche , Chainlink , and DAOstack contribute their vast knowledge of blockchain technology while Lemonade , Etherisc , Hannover Re , and Pula builds accurate , fully automated weather insurance models .

By using a DAO instead of a traditional insurance company , smart contracts instead of insurance policies , and oracles instead of claims professionals , they aim to leverage the collaborative and decentralised features of web3 , along with real-time weather data , to provide affordable and immediate climate insurance to those most in need

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