insurance reinventing - microsoft · reinventing insurance christoph mussenbrock etherisc....

Reinventing insurance

Christoph Mussenbrock

Etherisc

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

The problem ...

Cost

Over-regulation

Misalignedincentives

Customerexperience

xIs there anyx xalternative?x

https://fdd.etherisc.comhttps://fdd.etherisc.com

https://crop.etherisc.comSame, parametric model applied to another insurance vertical

License &Regulations

Platform for decentralized Insurance on Blockchain

Risk Capital

Blockchain Infrastructure

Re-insurance

Service Provider

SalesAgent

RiskModel

Data

AI

Product Orcale

Broker

Claims

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)

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

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

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

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?

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

...

D1Conf

- first worldwide conference on decentralized insurance

Core Team, Advisors & Partners

xA worthwhile goalx

ContactEtherisc GmbH

Twitter: @etherisc

Web: etherisc.com

E-Mail: contact@etherisc.com