Insurance that pays the claim before it is proven, because on Arc taking it back is certain.

Insurance verifies first because clawback was unenforceable. Once the money left, it could not come back, so payout speed was capped by investigation speed, and the person with the cracked screen or the washed-out field waited weeks for a decision they had already paid for. Parametric products sped up the check; nobody could change the order.

Pay first, prove after. You say what happened in a sentence, put down a deposit, and the claim lands in your account in the same transaction. The checks run afterwards, on screen, with the money already yours. Proven: the deposit comes back. Reversed: the deposit is forfeited, the payout is owed, and you cannot file again until it is settled, all in the verdict's block.

Your word gets cheaper. A first claim puts down a tenth. Every claim that proves true takes a point off, down to two percent; one that does not resets it to ten. Priced by record, on chain, so honest people pay almost nothing to be believed and a liar pays the most exactly when it matters.

People own the pool. There is no insurance company in the picture. Premiums, forfeited deposits and the float go into a pool that anyone can own a share of and leave at its current size. Verification is a pipeline of checks per claim type: carrier data, weather stations, police report numbers, device photos.

Paying before proving only works if the payment lands at once and taking it back is certain. On Arc the payout is final in under a second and cannot be front-run or left pending, and the bond, the debt and the block on the claimant are enforced by the same contract in the same block as the verdict.

• Premiums. Policies bought per event or per period, priced per claim type; the platform keeps a share and the pool the rest.
• Forfeited deposits. A fifth of every forfeited deposit and of every premium to the platform. Already in the contract.
• Verification as a service. The check pipeline, sold to other insurers who want to pay first.

Global insurance premiums are around seven trillion dollars a year. The slice that is small, frequent and verifiable by data (travel, devices, parcels, crops, gig income) is where pay-first wins outright: the customer feels the difference on the first claim, and the cost of the check falls to nearly nothing once it runs after payment instead of before.

• Upfront, live on Arc mainnet
• The rules: deposits by record, the pool, the checks
• The checker’s desk: every open claim, ruled in public
• Deploy it from your wallet

1. Live nowFile and get paid in one transaction; deposits priced by record, ten percent down to two; cover per kind with premiums on chain; a pool anyone can own a share of; on-chain verdicts and revenue share.
2. 90 daysCarrier and weather data wired into the verifier; underwriter portal with loss ratios; ten thousand claims.
3. 6 monthsUnderwriter portal with pool returns and loss ratios; claimant history and pricing by record; ten thousand claims.
4. 12 monthsWhite-label pay-first for existing insurers; verification pipeline as a service; regulated pilot in one market.

A developer grant of USD 75,000 over six months funds policies, two automated check integrations, and an underwriter pilot, with milestones at the first thousand paid claims and a loss ratio report. Draft figure.

Built by one person, in the open, on a foundation that puts a new product on Arc in under an hour. Name your price, or free.

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