insurance Reinventing - Microsoft · Reinventing insurance Christoph Mussenbrock Etherisc....
Transcript of insurance Reinventing - Microsoft · Reinventing insurance Christoph Mussenbrock Etherisc....
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Reinventing insurance
Christoph Mussenbrock
Etherisc
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4.000.000.000
*) Quelle: Gesamtverband der deutschen Versicherer
€ per year. One in five Germans views insurance fraud as a peccadillo, which almost every one commits once. *)
The damage caused by insurance fraud is
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The problem ...
Cost
Over-regulation
Misalignedincentives
Customerexperience
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xIs there anyx xalternative?x
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https://fdd.etherisc.comhttps://fdd.etherisc.com
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https://crop.etherisc.comSame, parametric model applied to another insurance vertical
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License &Regulations
Platform for decentralized Insurance on Blockchain
Risk Capital
Blockchain Infrastructure
Re-insurance
Service Provider
SalesAgent
RiskModel
Data
AI
Product Orcale
Broker
Claims
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Etherisc Group Structure
Stiftung Decentralized Insurance TGE
Etherisc International AG
TGE Contributor
TGE Contributor
TGE Contributor
StandardsProtocolOpen Source
#D1ConfMarketing/PromotionHackathons/Competitions
Etherisc Cell
New Cell #1
New Cell #2
PCC Core
Etherisc Cell
New Cell #1
New Cell #2
SCC Core
For-Profit Insurance BusinessBlockchain focusedIncubator / Accelerator
Etherisc XY (possible
Entities in other jurisdictions)
Etherisc IT Service
(Tech Infra- structure)
DIP Token (Decentralized Insurance Protocol)
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Etherisc Vision
Insurance on Blockchain will become:
● highly automated
● standardized and interoperable
● transparent and easy to audit
● provably fair
Product/Service Development
Marketingand Sales
PolicyAdministration
ClaimsManagement
AssetManagement
Reinsurance
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Protocol stack
Ethereum Client Implementation (parity, geth, …)
EVM
HOL (e.g. Solidity, Viper, Haskell)
Coding best practices (e.g. safeMath)
Business Process (Engine), e.g. following BPMN 2.0 standard
Financial atomic processes & standards (payments, assets, data, identity, KYC, governance)
Insurance
Libraries Standards (e.g. ERC 20)
Banking Funds Other ...
Business Layers
TechnicalLayers
Proprietary extensions
Proprietary extensions
Proprietary extensions
Proprietary extensions
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FlightDelay Architecture
FlightDelayRisk ModelValidation
T&C
Frontends: Web, Mobile, Status.im
Controller / Registry
NewPolicy Underwrite Payout
Ledger AccessControlDatabase
Framework Bus
Business Bus BusinessFrame
Workflow Frame
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A lot of big challenges ...
Legal
What is the relation of a smart contract to written legal contracts?
Regulatory
Which regulatory obligations have to be met?
Products
What are interesting business cases?
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Roadmap for a decentralized insurance platform
2017BluePrint
2018License
2019Platform
Operational Model
Regulatory safety
Funding
Enterprise Ethereum Alliance
Acquire licenses
Implement infrastructure
First products
Development of protocol
Open-Source protocol
Sub-licensing
Empowering the network
...
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D1Conf
- first worldwide conference on decentralized insurance
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Core Team, Advisors & Partners
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xA worthwhile goalx