kaal:claim:3406323-026

Legacy insurers will not underwrite smart contracts that sit outside the traditional legal framework, and even if they eventually enter the DApp market their actuarial risk assessment methods may be only partially compatible with rapidly evolving decentralized products.

Most legacy insurance companies will not consider underwriting a smart contract that is not subject to the traditional legal framework.

Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019), VI. Evolution, p. 14
https://ssrn.com/abstract=3406323 · source PDF

Wulf A. Kaal, Decentralization - A Primer on the New Economy (2019). SSRN: https://ssrn.com/abstract=3406323

• legacy insurance companies facing smart contract risk

failuresupport: arguedfailure: legacy-underwriting-mismatchfamily: legal-personality-and-liability-gapinstitutional-designsmart-contractsresearch-methods

• restated_by kaal:claim:3411897-031 Even if legacy insurers do enter the DApp market, their products may not fit the need, because actuarial metho...
• restated_by kaal:claim:3411897-030 Most legacy insurance companies will not consider underwriting a smart contract that is not subject to the tra...

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