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Parametric insurance & Blockchain : a new dimension to the ever young Insurance Industry

Recurso electrónico / Electronic resource
Registro MARC
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008  200506s20180904usa|||| ||| ||eng d
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1001 ‎$0‎MAPA20200010531‎$a‎Sawla, Srishti
24510‎$a‎Parametric insurance & Blockchain‎$b‎: a new dimension to the ever young Insurance Industry‎$c‎Srishti Sawla
260  ‎$a‎San Francisco‎$b‎A Medium Corporation‎$c‎2018
520  ‎$a‎Parametric insurance and smart contracts seem made for each other. It's not the only type of insurance that will benefit from blockchain technology, but it probably represents the lowest-hanging fruit. It uses data sources and algorithms for underwriting and claims, and it's initiated by and paid to the policyholder based upon a set of specific parameters hence, parametric along with a predetermined sum that forgoes the traditional claims process.Off-chain data sources (such as IoT device events) capture data on usage related to shared automobiles, homes, commercial spaces, etc. and offer on-demand utilization related policies. This gives rise to a whole new class of ondemand insurance products. Creating a no-touch, frictionless procedure can eliminate human error in the claims process and could potentially save insurers millions every year and produce a better customer experience. Blockchain and parametric insurance have limitless possibilities
650 4‎$0‎MAPA20170006718‎$a‎Seguros paramétricos
650 4‎$0‎MAPA20160009583‎$a‎Blockchain
650 4‎$0‎MAPA20200010555‎$a‎Smart contracts
650 4‎$0‎MAPA20080608835‎$a‎Suscripción de riesgos
7102 ‎$0‎MAPA20200010562‎$a‎A Medium Corporation