Atlas Parametric MGA: Quick Reference

How to Build Your Parametric Insurance MGA with TrustWeave

🎯 What You’re Building

A parametric insurance MGA platform that:

  • Uses EO data (SAR, NDVI, AOD, LST) for objective triggers
  • Pays out automatically in 24-72 hours
  • Accepts EO data from multiple providers (ESA, Planet, NASA, NOAA)
  • Provides tamper-proof audit trails via blockchain
  • Scales globally with standardized format

🏗️ Architecture in 4 Steps

Step 1: Create Smart Contract 

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// Create parametric insurance contract
val contract = trustWeave.contracts.draft(
    request = ContractDraftRequest(
        contractType = ContractType.Insurance,
        executionModel = ExecutionModel.Parametric(
            triggerType = TriggerType.EarthObservation,
            evaluationEngine = "parametric-insurance"
        ),
        parties = ContractParties(
            primaryPartyDid = insurerDid,
            counterpartyDid = insuredDid
        ),
        terms = ContractTerms(...),
        effectiveDate = Instant.now().toString(),
        contractData = buildJsonObject { ... }
    )
).getOrThrow()

Step 2: Bind Contract (Issue VC & Anchor) 

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// Bind contract - issues VC and anchors to blockchain
val bound = trustWeave.contracts.bindContract(
    contractId = contract.id,
    issuerDid = insurerDid,
    issuerKeyId = insurerKeyId,
    chainId = "algorand:mainnet"
).getOrThrow()

// Activate contract
val active = trustWeave.contracts.activateContract(bound.contract.id).getOrThrow()

Step 3: EO Provider Issues Data Credential 

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// EO provider wraps SAR flood data in Verifiable Credential
val floodCredential = trustWeave.issue {
    credential {
        type("EarthObservationCredential", "InsuranceOracleCredential")
        issuer(eoProviderDid)
        subject {
            addClaims(sarFloodData)
        }
        issued(Instant.now())
    }
    signedBy(issuerDid = eoProviderDid, keyId = eoProviderKeyId)
}

Step 4: Execute Contract & Payout 

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// Execute contract with EO data
val result = trustWeave.contracts.executeContract(
    contract = active,
    executionContext = ExecutionContext(
        triggerData = buildJsonObject {
            put("floodDepthCm", 75.0)
            put("credentialId", floodCredential.id)
        }
    )
).getOrThrow()

// Process payout if executed
if (result.executed) {
    processPayout(result)
}

📦 Products You Can Build

1. SAR Flood Parametric

  • Data: Sentinel-1 SAR + DEM
  • Trigger: Flood depth thresholds (20cm, 50cm, 1m)
  • Market: US (NC, SC, FL, GA)
  • Payout: $25k - $5M

2. Heatwave Parametric

  • Data: MODIS LST + ERA5
  • Trigger: > X°C for Y consecutive days
  • Market: GCC (Saudi Arabia, UAE)
  • Clients: Construction, energy, government

3. Solar Attenuation Parametric

  • Data: AOD (MODIS/VIIRS) + Irradiance (CERES)
  • Trigger: >30% irradiance drop
  • Market: GCC solar farms
  • Clients: ACWA Power, NEOM, UAE utilities

4. Hurricane Parametric

  • Data: NOAA EO + microwave satellites
  • Trigger: Wind speed + rainfall indices
  • Market: Caribbean, US Gulf Coast

5. Drought/Agriculture Parametric

  • Data: NDVI (Sentinel-2, MODIS) + soil moisture
  • Trigger: NDVI anomaly + rainfall deficit
  • Market: Africa, Asia

🔑 Key TrustWeave Features

Feature What It Does Why It Matters
DID Management Creates identities for EO providers, insurers, reinsurers Standardized identity across ecosystem
Verifiable Credentials Wraps EO data with cryptographic proof Prevents tampering, enables trust
Blockchain Anchoring Creates tamper-proof audit trails Regulatory compliance, dispute resolution
Multi-Provider Support Accepts EO data from any certified provider No custom integrations needed
Data Integrity Cryptographic digests verify data hasn’t changed Prevents replay attacks, ensures authenticity

💡 Business Value

Cost Savings

  • 80% reduction in integration costs (no custom APIs per provider)
  • Standardized format works with all EO providers
  • Automated verification reduces manual review

Speed to Market

  • Launch products faster with standardized format
  • Add new providers without code changes
  • Instant verification enables 24-72 hour payouts

Regulatory Compliance

  • Blockchain-anchored audit trails for regulators
  • Cryptographic proof of data integrity
  • Complete data lineage for compliance

Competitive Advantage

  • Only EO-first MGA with full-spectrum EO integration
  • Multi-provider support without vendor lock-in
  • Instant verification vs. months for traditional insurance

🚀 Implementation Phases

Phase 1: MVP (Weeks 1-6)

  • ✅ Setup TrustWeave with blockchain anchoring
  • ✅ Build SAR flood product
  • ✅ Create broker portal MVP
  • ✅ Implement trigger evaluation

Phase 2: Production (Months 2-12)

  • ✅ Add heatwave product
  • ✅ Add solar attenuation product
  • ✅ Multi-provider EO data acceptance
  • ✅ Regulatory compliance features

Phase 3: Scale (Months 12-24)

  • ✅ Hurricane product
  • ✅ Drought/NDVI product
  • ✅ Enterprise licensing
  • ✅ Global expansion

📚 Documentation

Full Guides

  1. Implementation Guide - Complete code examples
  2. Architecture Overview - System design
  3. EO Scenario - EO data patterns

TrustWeave Docs

💻 Code Snippets

Initialize TrustWeave 

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val TrustWeave = TrustWeave.create {
    blockchains {
        "algorand:mainnet" to AlgorandBlockchainAnchorClient(...)
    }
}

Create Flood Insurance Contract 

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val contract = trustWeave.contracts.draft(
    request = ContractDraftRequest(
        contractType = ContractType.Insurance,
        executionModel = ExecutionModel.Parametric(
            triggerType = TriggerType.EarthObservation,
            evaluationEngine = "parametric-insurance"
        ),
        parties = ContractParties(
            primaryPartyDid = insurerDid,
            counterpartyDid = insuredDid
        ),
        terms = ContractTerms(
            obligations = listOf(
                Obligation(
                    id = "payout-obligation",
                    partyDid = insurerDid,
                    description = "Pay out based on flood depth tier",
                    obligationType = ObligationType.PAYMENT
                )
            ),
            conditions = listOf(
                ContractCondition(
                    id = "flood-threshold-20cm",
                    description = "Flood depth >= 20cm",
                    conditionType = ConditionType.THRESHOLD,
                    expression = "$.floodDepthCm >= 20"
                )
            )
        ),
        effectiveDate = Instant.now().toString(),
        contractData = buildJsonObject {
            put("productType", "SarFlood")
            put("coverageAmount", 1_000_000.0)
        }
    )
).getOrThrow()

Bind and Activate Contract 

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// Bind contract (issues VC and anchors)
val bound = trustWeave.contracts.bindContract(
    contractId = contract.id,
    issuerDid = insurerDid,
    issuerKeyId = insurerKeyId
).getOrThrow()

// Activate contract
val active = trustWeave.contracts.activateContract(bound.contract.id).getOrThrow()

Issue EO Data Credential 

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val floodCredential = trustWeave.issue {
    credential {
        type("EarthObservationCredential", "InsuranceOracleCredential")
        issuer(eoProviderDid)
        subject {
            "dataType" to "SarFloodMeasurement"
            "data" to floodData
            "dataDigest" to dataDigest
        }
        issued(Instant.now())
    }
    signedBy(issuerDid = eoProviderDid, keyId = eoProviderKeyId)
}

Execute Contract 

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val result = trustWeave.contracts.executeContract(
    contract = active,
    executionContext = ExecutionContext(
        triggerData = buildJsonObject {
            put("floodDepthCm", 75.0)
            put("credentialId", floodCredential.id)
        }
    )
).getOrThrow()

if (result.executed) {
    // Process payout
    result.outcomes.forEach { outcome ->
        outcome.monetaryImpact?.let { amount ->
            println("Payout: ${amount.amount} ${amount.currency}")
        }
    }
}

Accept Multi-Provider Data 

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// Works with ESA, Planet, NASA, NOAA - same format!
val eoData = acceptEoDataCredential(dataCredential)
// No custom integration needed!

🎯 Key Differentiators

vs. Traditional Insurance

  • ✅ 24-72 hour payouts vs. months
  • ✅ Objective triggers vs. adjuster disputes
  • ✅ No exclusions vs. coverage gaps
  • ✅ Automated vs. manual processing

vs. Competitors

  • ✅ EO-first design vs. sensor-based
  • ✅ Multi-provider support vs. vendor lock-in
  • ✅ Blockchain audit trail vs. traditional records
  • ✅ Standardized format vs. custom integrations

📊 Market Opportunity

  • TAM: $250B (flood, hurricane, drought, heatwave losses)
  • SAM: $29B (parametric insurance market by 2030)
  • SOM: $200M premium within 5 years

🔗 Next Steps

  1. Read Implementation Guide: parametric-insurance-mga-implementation-guide.md
  2. Review Architecture: atlas-parametric-architecture-overview.md
  3. Smart Contracts Guide: Smart Contract: Parametric Insurance
  4. Explore TrustWeave: Quick Start
  5. Start Building: Begin with SAR flood product MVP using Smart Contracts

Built with TrustWeave - The Foundation for Decentralized Trust and Identity

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