{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/3396542-002",
 "identifier": "kaal:claim:3396542-002",
 "text": "In the traditional insurance structure, financial distress or bankruptcy of an individual underwriter harms consumers, who lose the protection of their insurance contract and must seek new coverage.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Decentralized Underwriting (2019). SSRN: https://ssrn.com/abstract=3396542",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Decentralized Underwriting",
  "datePublished": "2019",
  "url": "https://ssrn.com/abstract=3396542",
  "sha256": "ce2bda03a0b788ea3e7747f02c3c351ef7c808a41150d5cda34767bbe98800c0",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20et%20al.%20-%202019%20-%20Decentralized%20Underwriting.pdf"
 },
 "keywords": [
  "defi",
  "risk-and-incentives"
 ],
 "about": [
  "underwriter-insolvency",
  "consumer-protection",
  "insurance-underwriting",
  "counterparty-risk"
 ],
 "abstract": "Financial distress or bankruptcy of an individual underwriter affects consumers who may no longer be protected by the insurance contract and have to look for new coverage.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "failure"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "asserted"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "traditional centralized insurance structure"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": true
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/3df9d4694062938fc149a208fd4e35d2f9785778db8d9544421bab6339558141.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": []
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "3df9d4694062938fc149a208fd4e35d2f9785778db8d9544421bab6339558141",
 "canonicalForm": "https://wulfkaal.github.io/claims/3396542-002.md"
}