AXA

29.895

( +0.78%)

September 13, 2017

AXA goes blockchain with fizzy

AXA is the first major insurance group to offer insurance using blockchain technology. Discover fizzy, a 100% automated, 100% secure platform for parametric insurance against delayed flights.

1 minute

fizzy is a fresh new genre in insurance. It offers direct, automatic compensation to policyholders whose flights are delayed. If your plane is more than two hours late, fizzy will reimburse you immediately.

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Have you heard of blockchain predictions?

Here’s how. When you buy flight delay insurance on the fizzy platform, we record the purchase in a tamperproof network, the Ethereum blockchain, making the insurance contract equally tamperproof. This smart contract is connected to global air traffic databases, so as soon as a delay of more than two hours is observed, compensation is triggered automatically. In this way, AXA has delegated the compensation decision to an independent network, strengthening the trust that customers can have in AXA.

Learn about fizzy in this video:

Visit https://fizzy.axa to try the fizzy experience!

Currently in the test phase, fizzy applies to direct flights between Paris Charles de Gaulle airport and the United States, in either direction. The goal for the upcoming months is to expand the solution internationally and develop partnerships with airline companies, travel agencies and airports to further improve users’ travel experience.