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Author: Runhuan Feng
Publisher: Springer Nature
ISBN: 3031295595
Category : Mathematics
Languages : en
Pages : 279
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Book Description
The book offers an introduction to the technical foundation of decentralized insurance models, for advanced undergraduate students, graduate students and practitioners. The book is self-contained and anyone with a basic knowledge of probability and statistics should be able to follow through the entire book. It adopts a minimalist approach to describe the essential elements and first principles so that readers can get a gist of these models without being overwhelmed with too much technicality. It can be used as a reference for business model designs. The inclusion of exercises and practical examples makes the book suitable for advanced courses on decentralized insurance and risk sharing. There is a mix of industry practices and academic models presented in this book. The exposition starts with an overview of historic and current business practices and preliminaries on the mathematics and economics of risk and insurance. A bird's-eye view of traditional insurance is provided as a benchmark for various topics to be used in contrast with decentralized insurance. The book then continues with decentralized insurance practices around the world, including online mutual aid originated in China, takaful from the Islamic world, peer-to-peer insurance in the West, catastrophe risk pooling for Carribean countries, etc. Theories of aggregate risk pooling and peer-to-peer risk exchanges are provided for readers to appreciate the mathematical foundation of risk sharing. A unified framework of decentralized insurance is presented to show a structured approach to the economic design of decentralized business models. The book ends with a technical review of blockchain and decentralized finance (DeFi) insurance applications.
Author: Runhuan Feng
Publisher: Springer Nature
ISBN: 3031295595
Category : Mathematics
Languages : en
Pages : 279
Get Book Here
Book Description
The book offers an introduction to the technical foundation of decentralized insurance models, for advanced undergraduate students, graduate students and practitioners. The book is self-contained and anyone with a basic knowledge of probability and statistics should be able to follow through the entire book. It adopts a minimalist approach to describe the essential elements and first principles so that readers can get a gist of these models without being overwhelmed with too much technicality. It can be used as a reference for business model designs. The inclusion of exercises and practical examples makes the book suitable for advanced courses on decentralized insurance and risk sharing. There is a mix of industry practices and academic models presented in this book. The exposition starts with an overview of historic and current business practices and preliminaries on the mathematics and economics of risk and insurance. A bird's-eye view of traditional insurance is provided as a benchmark for various topics to be used in contrast with decentralized insurance. The book then continues with decentralized insurance practices around the world, including online mutual aid originated in China, takaful from the Islamic world, peer-to-peer insurance in the West, catastrophe risk pooling for Carribean countries, etc. Theories of aggregate risk pooling and peer-to-peer risk exchanges are provided for readers to appreciate the mathematical foundation of risk sharing. A unified framework of decentralized insurance is presented to show a structured approach to the economic design of decentralized business models. The book ends with a technical review of blockchain and decentralized finance (DeFi) insurance applications.
Author: Nikita Singhal
Publisher: Springer Nature
ISBN: 9819758947
Category :
Languages : en
Pages : 327
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Book Description
Author: Dr. Chandra Duggirala, M.D.
Publisher: Portal
ISBN: 0463915143
Category : Computers
Languages : en
Pages : 54
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Book Description
TIDES.Network's white paper detailing an open-source generic protocol for pooling assets for mutual insurance, applied to a peer-to-peer health insurance network. v0.8 is an archived white paper, originally published in early 2018, and now made available in ebook format. ABSTRACT: Health insurance today is extremely centralized and has lost cost-effectiveness for most consumers. The distortions caused by asymmetric information, incentive misalignments, and regulatory and political overload have caused an ongoing dramatic increase in premiums, while reducing the quality of coverage. Moreover, traditional insurance companies’ incentives are diametrically opposed to those of its customers, making these problems intractable. Tides is a peer-to-peer insurance network that uses a decentralized system of functionaries to completely disintermediate the insurance “company”. In Tides’ peer-to-peer health insurance model, the “insurance company” is disintermediated and self-organizing pools of people set their own governance on all aspects of their insurance, such as coverage, limits, terms, etc., utilizing a decentralized network of actuaries, underwriters and claims processors. Thus, all critical functions in a traditional insurance “company” become disaggregated and distributed across a decentralized network. Built-in incentive structures keep all functionaries honest and efficient. Moreover, members are thoroughly incentivized to exercise judgment in consumption of healthcare resources, as any paid but unspent premiums may be distributed back to members, based on the pool contract terms. Anyone can run a peer-to-peer insurance pool as long as they also run a compliance module to keep compliant with the laws that govern mutual insurances in their jurisdiction. This model of insurance eliminates asymmetric information and incentive problems that have plagued health insurance for decades. Tides will redefine insurance to once again become an efficient societal safety net. Let’s make health insurance open, transparent, and decentralized. ABOUT TIDES.NETWORK: Creators of the TIDES.Network Protocol have the perfect balance of Life Sciences, Deep Technical knowledge and Crypto experience. Together, Dr. Chandra Duggirala, M.D., George Burke, and Manoj Duggirala previously founded and ran a hyper-personalized digital nutritionist/nutrition delivery startup that integrated subscribers’ digital health analytics (TryFuel.com) with DNA and other biomarkers to deliver hyper-personalized meals nationwide. They took the concept from idea through successful product development, fundraising, and market execution, building a 7-figure annual run rate (ARR) company in less than 1 year. The team envisioned the TIDES project during 2018. Together, they have developed several blockchain initiatives and proofs-of-concept that reenvision Biotech R&D, Intellectual Property rights, Insurance, Cryptoeconomics, Crowdfunding, and Digital Asset Trading/Exchange.
Author: Ricardo Escoda
Publisher: GRIN Verlag
ISBN: 334636027X
Category : Business & Economics
Languages : en
Pages : 112
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Book Description
Master's Thesis from the year 2020 in the subject Economics - Finance, grade: 1,3, International School of Management, Campus Munich, language: English, abstract: Blockchain is considered to be a breakthrough technology with many strengths and opportunities, but also weaknesses and threats for all industries around the globe. It has the potential to revolutionize many sectors, but it is not a universal remedy and does not replace every single traditional technology. Most businesses do feel insecure whether to invest time and money for Research and Development due to the lack of industry standards and regulations with respect to the technology. Before being able to guarantee suitability and successful implementation in any business, it is essential to study the differences between public, private, hybrid, and consortium Blockchain types. In areas of application not strongly relying on Blockchain’s distributed systems, alternative solutions such as Big Data Analytics, Artificial Intelligence, and Machine Learning might be more valuable. Nonetheless, Blockchain promises the unique potential for insurance companies to efficiently serve global markets with areas of application mainly concentrating on parts of the VC where bureaucracy can be reduced by automation. For instance, the use of Smart Contracts where lots of data are analyzed, saved, distributed, and pro- cessed. By implementing BC, fields, where the focus is on customer experience such as Payments, Data Security, Transparency, and Developing New Business and Product Ideas, can be improved enormously. Use cases and new products supported by Blockchain might include P2P Micro-Insurances, Ad-hoc and Parametric Insurance Models, Automized Underwriting, Reduction of Fraud and Abuse, and Health Insurance Processes. Real-Time Analytics in the Form of SCs, Instant Pay-Outs, Automized Claims Management, and Improved Risk Modelling of Insurance Businesses might be achievable by connecting Blockchain and Big Data. Contrary to the expectations of the author, most industry experts are aware of the benefits and opportunities the technology can bring to their companies. Still, Blockchain is not anchored in their medium- to long-term visions and strategies. Most of the interviewees would rather act as active observers and early followers than taking the lead proactively. Reasons for this behavior, are the lack of market standards and regulations, the absence of solid Blockchain networks, and the shortage of use cases, but also, the lack of know-how and data security concerns.
Author: Nikita Singhal
Publisher: Palgrave Macmillan
ISBN: 9789819758937
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
This book provides a comprehensive and in-depth exploration of decentralized insurance, its impact on the insurance sector, its ethical implications, and its potential to transform the insurance industry. It explores the underlying technologies, such as blockchain, smart contracts, and DApps, that drive the decentralization of insurance services. Additionally, it examines various decentralized insurance models, including Peer-to-Peer, Parametric, and On-Demand Insurance, and their benefits and ethical considerations. It also addresses the challenges and opportunities for innovation and sustainability in the context of decentralized insurance. Its didactic approach, global perspective, and forward-looking vision will provide readers with valuable knowledge to grasp decentralized insurance's complexities, potentials, and challenges, making it a valuable resource for academics, industry professionals, policymakers, and blockchain enthusiasts.
Author: Vardari, Luan
Publisher: IGI Global
ISBN:
Category : Business & Economics
Languages : en
Pages : 416
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Book Description
In the sector of modern finance, a new issue emerges the fragility of traditional financial systems in the face of technological evolution. The march of time has brought forth formidable challenges, shaking the foundations of age-old norms. This evolving financial paradigm grapples with challenges such as trust issues, geographical limitations, and exclusivity. In response to these challenges, Decentralized Finance and Tokenization in FinTech offers profound insights and solutions to navigate the complexities of this era. This book delves into the disruptive forces of Decentralized Finance (DeFi) and the revolutionary nature of Tokenization, ultimately paving the way toward a decentralized future. This comprehensive resource seeks to contribute significantly to current research and understanding in the realms of DeFi and Tokenization. It serves as an educational cornerstone, providing in-depth insights into fundamental concepts, technologies, and applications for both newcomers and seasoned professionals. By demystifying technical complexities, addressing challenges, and analyzing comparative advantages, the book empowers readers to navigate the evolving landscape. From decentralized governance models to global perspectives on DeFi, it fosters thought leadership and inspires discussions on the societal, economic, and technological impacts of decentralized finance and tokenization.
Author: Runhuan Feng
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Decentralized insurance can be used to describe risk sharing mechanisms under which participants trade risks among each other as opposed to passing risks mostly to an insurer in traditional centralized insurance. There are a wide range of decentralized practices in all kinds of forms developed around the world, including online mutual aid in East Asia, takaful in the Middle East, peer-to-peer insurance in the West, international catastrophe risk pooling by African, Caribbean and Central America countries, etc. There is also a rich literature of risk sharing in academia that offers theoretical bases of other decentralized mechanisms. This work presents a unified mathematical framework to describe the commonalities and the relationships of all these seemingly different business in practice and theoretical models in academia. Such a framework provides a fertile ground for the comparison of existing practices and the design and engineering of hybrid and innovative models.
Author: Tracy Perry
Publisher: Independently Published
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
As the world experiences a mammoth wave of technological innovation, it becomes increasingly paramount to stay ahead of the game. With "Reinventing Insurance: The Emergence of Decentralized Blockchain Platforms", you have your ideal guide to navigate these fascinating advancements with ease. This comprehensive Special Report meticulously unravels the complex subtleties of blockchain technology and its profound impact on the insurance sector. And here's the best part - it does so without bombarding you with intimidating tech jargon! Whether you're an industry professional aiming to spice up your knowledge base or a curious reader intrigued by the world of blockchain, this report is your friend, philosopher, and guide. It deciphers the technicalities of this revolutionary technology, making it amiable and accessible to anyone and everyone. Understand the very essence of blockchain from scratch. Explore the pivotal intersection of blockchain technology and the insurance industry. Discover the key use cases of blockchain in the insurance sector. Engage with the opportunities and challenges that come with adopting blockchain in insurance. Get acquainted with the frontrunners of blockchain-based insurance offerings. Stay updated on the regulatory landscape governing the use of blockchains in insurance. Look ahead into the future, and visualize the astonishing world of insurance powered by blockchain. Written by the seasoned journalist and tech writer Tracy Perry, this catalog is engaging, illuminating, and most of all, easy-to-understand. So, are you ready to sail into the promising future of insurance? Your journey starts right here. Hop on!
Author: Enrique Gil Ramirez
Publisher: GRIN Verlag
ISBN: 3346276600
Category : Business & Economics
Languages : en
Pages : 104
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Book Description
Master's Thesis from the year 2018 in the subject Economics - International Economic Relations, Cologne Business School Köln, language: English, abstract: This research has been gathered together with the collaboration of Control Expert Company, a German company dedicated to providing services to the core business of the automotive insurance industry. This research is mainly focused on the different applications that Blockchain technology offers the automotive insurance industry. Based on these applications, a process model is developed from the perspective of the service provider sector of the automotive insurance. Having the main focus in mind, this research will answer the following question: How does Blockchain technology benefit the Automotive Insurance Process? The structure of this research will lead the reader through the evolution of the Blockchain technology and its features. First, a full definition of the technology will be explained. This will be followed by the generations of Blockchain and its classification. After that some history on regards Blockchain and the digital era will be mentioned. Such as the main innovations of the digital era, the creators of the technologies involved in Blockchain, and the main innovations within Blockchain. As the Internet of Things has become more and more popular during the last years, it is not possible to ignore the huge impact that it is having on people's daily lives. IoT represents a network of devices such as sensors, vehicles, computers and more, which interact among themselves and exchange information. Here comes a very interesting subcategory of the IoT – The Internet of People. The Internet of People describes the exchange of data through different devices but related to the people, or, in other words, the information gathered comes strictly from people. From this idea, the Internet of Money rises describing mainly how Blockchain and Bitcoin are changing the financial system. This is based on the idea of recording transactions in a safer way within a more decentralized system. Due to the strong disruption of Blockchain within different industries and the usability of the technology, it has been considered as an extra layer working over the internet. This is a new tier that enables transactions on a different level; permitting storage and record of data in a different way than a conventional database.
Author: Cordelia Friesendorf
Publisher: Springer Nature
ISBN: 3031374886
Category :
Languages : en
Pages : 116
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Book Description
