kaal:claim:3396542-038

What the authors call a breach on a particular insurance contract does not necessarily imply any losses for the consumer, so underwriter breach and consumer harm are decoupled in this design.

Source quote, verbatim

Thus, what we are referring to as a breach on a particular insurance contract does not necessarily imply any losses for the consumer.

From

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Decentralized Underwriting (2019), VI. Conclusion, p. 24
https://ssrn.com/abstract=3396542 · source PDF

Cite as

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

Classification

mechanismsupport: arguedsystemic-riskrisk-and-incentivesdao

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