> For the complete documentation index, see [llms.txt](https://docs.cournot.ai/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.cournot.ai/use-cases/verticals-what-cournot-enables/insurance.md).

# Insurance

Oracle layers: 1.0 + 2.0 + 3.0 + 4.0 | Status: In Development

Insurance exercises every layer of the stack, from simple parametric triggers to complex claim adjudication:

|      **Insurance Type**     | **Oracle Layer** |                                                                              **How Cournot Resolves It**                                                                              |
| :-------------------------: | :--------------: | :-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------: |
|   **Parametric (simple)**   |     1.0 + 2.0    |    For example, earthquake magnitude > 6.0, rainfall below threshold —  structured data triggers from authoritative sources, with semantic aggregation for multi-station composites   |
|   **Parametric (complex)**  |     2.0 + 3.0    | "Average wind speed across 5 stations exceeded 120 km/h for 30+ minutes during the policy window" — semantic computation over time-series data, with PoR for condition interpretation |
|    **Claim Verification**   |        3.0       |       "Did the supply chain disruption meet the force majeure threshold?" — requires reading policy language against real-world evidence, collecting and verifying documentation      |
| **Event-Driven Settlement** |        4.0       |         Agent monitors weather stations, shipping logs, or IoT sensors in real-time — triggers payout the moment the insured event occurs, with full evidence chain for audit         |

The progression from Oracle 1.0 to 4.0 mirrors the insurance industry's own ambition: from manual claims processing, to parametric automation, to fully event-driven settlement.