CHAIN-FINANCE SEMINAR
BLOCKCHAIN FOR INSURANCE MARKETS
Wednesday, 18th May 2016, London
7:00 PM to 10:00 PM
At this event assessing a few key areas where blockchain tech is said to offer benefits for the insurance industry:
Transparency
Blockchain tech first enhances the transparency of insurable goods. If you add a diamond to a blockchain and track its history, then it should be easier to insure and the premiums more accurate.
More Information, More Accuracy, Better Data Security
Blockchain tech offers a manner to have more information shared with insurers but in a way that is secure. More information which is relevant, validated and actual will offer insurers a better way to “create more accurate products, prices and premiums”, this is the view of the UK Government’s Chief Scientific Advisor (GCSA), Mark Walport.
Real-Time Insurance Contracts
Using smart contracts on the blockchain we should be able to devise the first ‘real-time’ insurance product. This is both the vision of Michael Mainelli and has been referenced by Walport too. In this case, an insurance product self-adjusts its premium as circumstances or owners change and can automate payouts based on blockchain verified facts rather than a claims process.
Enabling the Sharing Economy
Another area for blockchain technology is insuretech. Startups like Lemonade, Friendsurance are bringing peer-to-peer insurance to market. Blockchain is peer-to-peer by design. So, how might that technology enable insuretech businesses?
THIS EVENT IS COMPLETED. VIDEOS OR SLIDES OF SPEAKERS PRESENTATIONS AVAILABLE BELOW
SCHEDULE
1) Intro to blockchain and the state of blockchain insurance today - 7:00pm
Hans Lombardo - Managing Editor of Chain-Finance
3) Challenges in the Insurance Industry - a dispute and litigation perspective - 7:25pm
Lee Bacon - Partner, Clyde & Co
4) How can the Ethereum protocol be used today to build insurance products and why use Ethereum for insurance rather than another protocol? - 7:40pm
George Hallam - Ethereum Foundation
4) A day in life of buying motor insurance in 2030 - 7:55pm
Sara Feenan - Chain-Finance
5) How can blockchain based identity enhance insurance services? - 8:10pm
Paul Ferris - ObjectChain
6) Upgrading the Lloyds insurance market using blockchain technology - realistic or fanciful? - 8:25pm
Gary Nuttall - Distlytics Limited
7) An example of a new model in health insurance - 8:40pm
John Thompson - Intelligent Protection Solutions
8) Health based digital currencies and potential uses in insurance market - SweatCoin - 8:45pm
SweatCoin
9) Insuretech - why use blockchain insurance in the P2P economy? Explanation of SafeShare blockchain insurance product. - 9:00pm
SafeShare Global Limited
10) Beyond P2P business models - the impact of smart contracts in consumer insurance - 9:15pm
Thomas Bertani - Oraclize
11) Regulatory typologies of insuretech platforms - limitation of blockchain disintermediation? - 9:30pm
Adam Vaziri - Chain-Finance
12) Right time to invest in blockchain insurance startups? - 9:45pm
Eddy Travia - Coinsilium
