Find out the main business aspects of bringing a new insurance product into the market and get tips and tricks that will help you avoid unnecessary bottlenecks along the way.
Get hands-on with developing and deploying your own blockchain-based insurance product on top of a new generic insurance platform
In this session Magda will discuss how insurance incumbents are looking at blockchain, the type of use cases that have been explored and why. Some specific use cases will be discussed and the overall trends will be compared to the risk transfer solutions being explored by startups and in the blockchain-native ecosystem(s).
Risto has extensive experience in building online insurance broker as well developing technology for insurance industry. In this talk he will simplify insurance to very granular level – you will understand how insurance actually works and he will provide the solution how we can re-build it using blockchain and tokens.
Potential bugs in Smart Contract code is a risk every member of the Ethereum community faces. Nexus Mutual allows the community to pool funds together in a decentralised way, protecting each other, without the need for an insurance company.
Social security systems play a central role in the economic and political development of societies. And still, there are over 4.1 billion people worldwide without access to social security systems. The blockchain technology offers the potential to establish cost-efficient and tamper-proof decentralized social security systems. To highlight the current challenges of such systems, we have implemented the German statutory pension system on the Ethereum blockchain. In this talk, we will present the results and experiences we have developed within the scope of this project. We will focus on the Thing current decentralized insurance and decentralized social security ecosytem lack, for instance about scaling. We will also provide an outlook on how the prototype will eventually scale for millions of people.
Inclusive insurance is all about developing insurance solutions for those who have no or little access to insurance right now. Michiel will focus on agriculture index insurance solutions in emerging economies. He believes that blockchain technology may be the solution to help small-scale farmers to be protected against the risks they are facing nowadays.
In this talk Agroapps will present their plans to utilize Blockchain technology for the Agriculture Insurance sector; as well as next steps in infusing blockchain in AgroApps agriculture Farm Management Information System (FMIS) to further improve the quality and security of its services.
In this talk, Monax’s Casey Kuhlman (CEO) and Jan H. Scheufen (CPO) will outline how Monax leveraged key features of Hyperledger Burrow to develop and deliver the very first generic business process engine written entirely in Solidity. The combination of an open source BPM engine and Hyperledger Burrow's permissioned EVM blockchain offers a vast range of possibilities for business users seeking to implement and scale out blockchain use cases. The talk will be a combination of demo and technical overview highlighting the design, rapid prototyping, and deployment of selected use cases.
Everybody seems to talk about insurance for crypto assets. Some big exchanges seem to have some coverage. Let’s try to explore a better insurance model. Insured crypto wallets would encourage more users to adopt cryptocurrencies, and empower and grow ecosystems.
Cellphones are naturally connected to the digital world, so it’s easy to derive why cellphone insurance is a line of business to support with a fully digital infrastructure. The protchain team shares it’s vision of digital decentral insurance that will leverage the blockchain to disrupt the high-growth market of cellphone insurance.
Decentralized networks and how they incentivize third-party supply-side participants to provide services to decentralized networks in exchange for tokens.
The emergence of decentralized trading protocols, token standards, and other open finance instruments are providing the foundations for a parallel financial infrastructure on Ethereum. What can the insurance space learn from this and how can we establish insurance primitives for blockchain? At ConsenSys we've been exploring this and are excited to introduce Asekuro, a protocol for facilitating the distribution of insurance products
To be able to compete with traditional insurance players, decentralised risk carriers need to be able to trustlessly invest capital in a way that generates interest. There are a number of exciting possibilities and proposals being created within the blockchain world that would allow an entity’s assets to earn a stable, predictable return whilst retaining enough liquidity to allow the entity to meet its liabilities. The main purpose of the talk is to explore the characteristics, risk profiles, and challenges of the nascent asset classes being built on-chain by the open financial ecosystem and assess their suitability to act as investment assets for a decentralised risk carrier.
Insurance provider require a balance sheet in order to write policies. A whole industry has emerged to refinance these risks, primarily in the form of re-insurance companies and capital markets tools (eg insurance linked securities and catastrophe bonds). Investors seek to increase their direct exposure to insurance risks: The lack of correlation with economic trends and recurring coupon payments make these attractive investments. In this talk, Theo will present the rationale for tokenising risks and the associated mechanics. Risk tokenisation will open up funding channels for a myriad of decentralised insurance applications, especially those based on smart contracts and novel risk categories.
Insurance covers the unforeseeable. What happens to risks which traditional insurance is not willing or able to take on? Could alternative sources of capital, insurance linked securities (ILS), be the way to insure the so far uninsurable risks? And at the same time provide an interesting investment opportunity for crypto holders
Etherisc is building generic insurance framework which can work in different environments based on Ethereum and with various currencies. xDai is a new network created by POA Network in which Dai, a stablecoin is the native currency of that chain. POA and Etherisc have joined forces to showcase how decentralized insurance DApps can be used on xDai, with the additional benefits of much faster transactions without the price volatility. Igor Barinov will present the results of this joint effort.
Our current lack of means to feed data into smart contracts in a trustless way is hindering the potential of these programs for transforming business and society inasmuch as they cannot have access to information from outside their containing blockchains without having to rely on the figure of an oracle or data provider, thus defeating their trustless nature. Decentralized Oracle Networks are the missing piece that will bridge the gap between smart contracts and the real world. We are presenting procedures founded upon well known game theory and mechanism design principles to incentivize decentralization of information economies built around honesty and truth.
DAOs can provide common management functionality accross the value chain and can serve as a focal point for stakeholders including underwritters, administrators, operators and regulators. At HurricaneGuard we are exploring the Aragon stack, a popular DAO framework, in order to build supporting infrastructure for our products that includes registries as well as upgrade, arbitration and reporting schemes.
This topic is important to me because I believe DAOs provide amazing new tools that are well suited for managing insurance products in a fair, transparent and inclusive way.
I expect to meet all the wonderful people pushing the space forward.
Etherisc develops a protocol for decentralized insurance applications. It uses blockchain technology to make the purchase and sale of insurance more efficient, enable lower operational costs, and provide greater transparency into the industry. Common infrastructure, product templates, and insurance license make a platform that allows anyone to create their own insurance products.
Nexus Mutual is a decentralised alternative to insurance that provides cover for bugs or hacks in smart contracts running on Ethereum.
Witnet is a decentralized oracle network that connects smart contracts to the outer world. It aims to allow any piece of software to retrieve the contents published at any web address with complete and verifiable proof of its integrity and without blindly trusting any third party.
Protofire is a team of engineers which helps token-based protocols and developer platforms accelerate growth of their ecosystems. By providing hands-on coding and contributions, Protofire specializes in supercharging developer adoption and network usage. Protofire works exclusively with entrepreneurs who are builders of decentralized infrastructure protocols, applications and ecosystems.
POA Network is an Ethereum-based platform that offers an open-source framework for smart contracts. POA Network is a sidechain to Ethereum utilizing Proof of Authority as its consensus mechanism. POA provides developers with the flexibility to code in Ethereum standards with the added benefits of POA Network's solutions to scalability and interoperability in blockchain networks.
AsureNetwork provides a scalable blockchain network for decentralized social security. We lay the foundation for 10 billion people to have access to social security systems and achieve a great social impact where it is needed the most.
Etherisc’s Flight Delay is the first decentralized insurance app that allows you to insure your flight against delays or cancellations and guarantees immediate payouts right after the landing. First presented in September 2016 at Ethereum Devcon2 in Shanghai, Flight Delay has provided policies to attendees of Devcon3 and D1CONF 2017 in Cancun, Token Summit III in New York, Devcon4 and D1CONF 2018 in Prague. To date, it has issued more than 100 policies and made 6 payouts for delayed flights.