Risto has extensive experience in building online insurance broker as well as developing technology for the insurance industry. In this talk, he simplifies insurance to very granular level to help you understand how insurance actually works and provides the solution to how we can re-build it using blockchain and tokens. These slides are courtesy of Risto Rossar, Black Insurance

1. Building alternative
insurance value chains
instead of faster dinosaur
Risto Rossar

2. My insurance experience

3. Do you know which company is the
Uber of Insurance?
(10x over the status quo)
Correct answer: There is no such company

4. Insurance… operating system?
Technical
infrastructure
Transactional
infrastructure
App StoreiOS
10x improvement disruptive companies rely on operating
systems consisting of technical and transactional infrastructure

5. Insurance OS does not exist today

6. Insurance companies fulfill that role today
You are most welcome to build
your „Uber“ and „AirBnB“ on my
platform

7. Black Insurance is the
platform on which the
Uber, Spotify and Airbnb
of insurance will disrupt
the insurance industry

8. What is insurance?

9. = $100 000
1 accident per 100 years
Cost of risk = $1,000

10. = $100 000
1 accident per 100 years
Cost of risk = $1,000
$100,000 loan for 100 years with 2% interest =
$1,000 principal + $2,000 interest = $3,000

11. x 1000 = $100,000,000
$1,000 premium x 1000 = $1,000,000
10 cars crash in average = $1,000,000
No loan and interest needed
($1,500 with administration and overheads)

12. $1,000,000 premiums
$500,000
reserve
capital
$500,000 claims
$500,000
returns
(100%)
$1,500,000 claims
$500,000
reserve
capital

13. The road to Black

14. License & Capital
?

15. Investors
Syndicates
Brokers

16. Blockchain
Investors
Syndicates
Brokers

17. Investors
Syndicates
Brokers
BLCK
BST1
BST2
BST3

18. The Lego bricks
Technology
Insurance license
Syndicate investors
Brokers
$ millions