# kaal:claim:3396542-037

**Claim.** The proposed DAO design is likely to lower barriers to entry in insurance, since non traditional firms and even individual investors can buy tokens at auction and then either underwrite with them or hold them passively.

**Type.** predictive  **Support.** argued

**Source quote.**

> In addition, the particular design outlined above is likely to facilitate the entry of new players to the insurance market. It is possible for a DAO to allow the participation of non-traditional firms and even individual investors.

**From.** Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, *Decentralized Underwriting* (2019), VI. Conclusion, page 23

**Cite as.** Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Decentralized Underwriting (2019). SSRN: https://ssrn.com/abstract=3396542

**Verify.** sha256 of source PDF `ce2bda03a0b788ea3e7747f02c3c351ef7c808a41150d5cda34767bbe98800c0` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20et%20al.%20-%202019%20-%20Decentralized%20Underwriting.pdf

**Topics.** risk-and-incentives, economics, tokenomics

**Keywords.** barriers-to-entry, market-entry, token-auction, democratization

**Related claims.**

- specializes: https://wulfkaal.github.io/claims/3117224-003

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