Enhanced disaster risk insurances could provide rapid emergency assistance and financial help to reduce negative impacts from drought, floods or cyclones (Insuresilience, 2018). A lack of full transparency on insurance contract designs, payment terms and the speed of claims pay-outs account for today’s most pressing obstacles to effective disaster insurance. Adopting decentralised platforms and automation by smart contracts integrated with oracles (e.g. weather and disaster information), payments based on parametric insurance could be triggered automatically and instantly.