3. x43%x
of all Germans think that household insurance is easy to defraud.*)
*) https://www.friendsurance.de/blog/emnid-umfrage-betrugereien-versicherungsbetrug/
4. 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
10. Etherisc Vision
Insurance on Bockchain will become:
● Highly automated
● Standardized and interoperable
● transparent and easy to audit
● provably fair
Product/Service
Development
Marketing
and Sales
Policy
Administration
Claims
Management
Asset
Management
Reinsurance
11. Decentralized insurance market
● https://etherisc.com/whitepaper
● Token model for investors to capitalize risk pools
● Whitepaper, simulation, first tests
12. Successes so far
● Blockchain startup contest 2016, Graz.
● Most financed project at hack.ether.camp
● AIA accelerator
● Blockchain Oscar 2017 for “most innovative blockchain startup”
● Partnerships to explore regulatory landscape
14. 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?
20. Products
Who already has bitcoins today?
→ No market penetration yet
→ Therefore: Lower the barriers,
→ build fiat bridges, educate
→ New markets: emerging markets,
→ microinsurance, insurance on demand
25. Reinventing insurance for a blockchain economy
● Will there still be insurances in the blockchain economy?
● How does the insurance business model look in a blockchain economy?
● Showcase: FlightDelay Insurance
Insurance is a core component of every economy. As an oil in the gearbox, they distribute
risks and thus enable businesses whose risks would be intolerable to each individual. Thus,
insurance companies have grown to the world's largest monolithic organizations. Will they
survive under the conditions of a blockchain-oriented economy? How does insurance look if
you reinvent them completely on the blockchain?
The example of a flight delay insurance shows how this works and what the consequences
look like for the industry.