This report was written in collaboration with OneDegree and Society of Actuaries and published in September 2022. See the original publication on SOA here.
Authors: Erik Lie, Gwen Weng – Hailstone Labs; Alvin Kwock, Rex Zhang, OneDegree
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.