Decentralized Insurance Alternatives: Market Landscape, Opportunities and Challenges
Authors
Alvin Kwock
OneDegree
Erik Lie, FSA, CERA
Hailstone Labs
Gwen Weng, FSA, CERA, FCIA
Hailstone Labs
Rex Zhang, ASA
OneDegree
Description
Decentralized insurance alternatives is a rapidly expanding sector of Decentralized Finance (DeFi), an emerging and growing financial ecosystem powered by blockchain technologies. The purpose of this report is to review and discuss the business models and operating designs of decentralized insurance alternatives, which may have significant implications for traditional insurance businesses, as well as the actuarial profession.
Report
Decentralized Insurance Alternatives: Market Landscape, Opportunities and Challenges
Decentralized Insurance Alternatives: Market Landscape, Opportunities and Challenges - Simplified Chinese
Access companion research report A Risk Classification Framework for Decentralized Finance Protocols which examines a related aspect of decentralized finance.
Podcast
Research Insights - Insurance in Decentralized Finance.
Acknowledgments
The researchers’ deepest gratitude goes to those without whose efforts this project could not have come to fruition: the Project Oversight Group and others for their diligent work overseeing questionnaire development, analyzing and discussing respondent answers, and reviewing and editing this report for accuracy and relevance.
Project Oversight Group members:
Stephen Chan, PhD
Jeffrey Chu, PhD
Runhuan Feng, FSA, CERA
Petar Jevtic, PhD
Douglas W. Oliver, ASA, MAAA, ACAS
Franck Pralas, AQ
Jared Praniewicz, FSA, MBA, PhD
Geu Roo Yang, ASA
Yifan Zhang, FSA, MAAA
At the Society of Actuaries Research Institute:
Korrel Crawford, Senior Research Administrator
Alice Locatelli, Senior Director of Digital Strategy
David Schraub, FSA, MAAA, Senior Practice Research Actuary
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