Nayms – the Crypto Native Insurance Marketplace
Danielle Wall Elliott is the COO at Nayms, the crypto native insurance marketplace. BlackRock CEO Larry Fink sees tokenization of RWA as the next big unlock.
Unslashed Finance – Insuring crypto to hedge risk
Marouane Hajji is the protocol lead at Unslashed Finance, a decentralized insurance protocol built on Ethereum. Insurance is a part of the decentralized finance stack that has received less attention. However, crypto is no different from any other industry - there are many risks. Smart contract hacks, exploits, oracle manipulation, data breaches, theft, and so on. Creating an insurance protocol requires both technical skills and a deep understanding of risk modeling.
Binance adds 30 million USDT to Insurance Fund following May 10th drop
On the 10th of May, over 13 million USDT of the Binance Futures Insurance Fund was used to protect users trading Binance derivative products.
South Korea puts exchanges on the hook for losses
Emerging from the wake of the 2008 financial crash, Bitcoin promised an alternative to bailing out central banks. But all too often, Bitcoiners have found themselves paying for the mistakes of crypto exchanges, which continue to get hacked.
Blockchain Technology in the Insurance Sector
Quarterly meeting of the Federal Advisory Committee on Insurance (FACI)
Bitcoin service allows businesses to confidently accept instant transactions
Retailers looking to accept bitcoin face many challenges. While Point of Sale and Payment Service providers have become industry titans through simplifying the process, there are still risks that need to be considered.
Insurance policy now available for bitcoin exchanges
Mitsui Sumitomo Insurance is offering bitcoin exchanges around the world a new insurance policy. Insurance companies have historically insured bitcoin businesses with one-off policies made specifically for them, and many exchanges were unable to find any insurance.
Insurance industry incumbents form Blockchain initiative
Five of the world's largest insurance companies recently announced the Blockchain Insurance Industry Initiative (B3i). Aegon, Allianz, Munich Re, Swiss Re and Zurich aim to explore whether Blockchain technology can be used to develop standards and processes for industry-wide usage, and to catalyze efficiency gains in the insurance industry.
Leading Japanese insurer testing a blockchain system for insurance derivatives
Sompo Japan Nipponkoa Holdings Inc. recently announced a trial of blockchain technology for derivative products, in collaboration with Soramitsu Co Ltd. The Tokyo-based company is one of largest insurers in Japan.
PwC challenges insurance industry to adopt ‘technologies such as blockchain’ and deliver ‘millions in savings’
PricewaterhouseCoopers (PwC) recently challenged the reinsurance industry “to take brave steps in their cost reduction strategies,” at the international rendez-vous of insurance and reinsurance, in Monte Carlo. The event attracts major players in the world Reinsurance markets, including reinsurers, insurers and brokers, as well as a large number of lawyers, bankers, accounting and rating companies.
R3 continues insurance industry membership, adding North America’s largest life insurer
Another insurance giant has [joined](http://r3cev.com/press/2016/8/31/press-release-metlife-joins-r3-distributed-ledger-consortium) the R3 CEV blockchain consortium. MetLife, an American insurance company, is the latest addition to the member list of 60 large financial institutions.
Blockchain in insurance opportunity or threat?
This paper outlines the most promising insurance-related blockchain use cases in three categories: enabling growth, increasing effectiveness, and reducing cost by automating key processes.
Fujitsu European Financial Services Survey 2016
This report examines how banking and insurance are evolving and the impact on consumer channels, data sharing and personalization, as well as what all this means for customer loyalty.
Blockchain technology as a platform for digitization: Implications for the insurance industry
In this report, we discuss how innovation in the insurance marketplace (in particular the arrival of blockchain technology) may contribute to the future infrastructure the industry needs and how it can be applied to reinforce the chain of trust. We identify the key attributes and opportunities that blockchain presents and examine insurance company readiness for digitization; How will the industry respond to its obligations to customers, markets and regulators and what key issues need to be considered?
Banking reimagined: How disruptive forces will radically transform the industry in the decade ahead
In this special report, we examine how various disruptive trends we are seeing today in areas such as artificial intelligence and machine learning, blockchain technology, collaborative ecosystems, cryptocurrencies, demographics, and customer experience are coming together to influence the future of banking. This outlook is part of Deloitteâs Financial Services Industry Outlooks series, which provides disruptive trends and bold predictions over the long term for banking, insurance, investment management, and commercial real estate.
Blockchain Tackling Insurance Woes
Insurance is one of the many new possible applications for blockchain technology, and its being pursued by corporations, venture capitalists, and now, entrepreneurs.
