# kaal:claim:5254152-007

**Claim.** In insurance, smart contracts that automate verification and settlement reduce administrative costs and increase both the speed and the accuracy of claims processing.

**Type.** mechanism  **Support.** asserted

**Holds when.**

- insurance claims handled through blockchain based DAO structures

**Source quote.**

> Blockchain technology ensures transparency in claims processing, with smart contracts automating verification and settlement. This reduces administrative costs and increases the speed and accuracy of claims processing.

**From.** Wulf A. Kaal, *DAO Market Meta Analysis 2024* (2024), Decentralized Risk Pools, page 8

**Cite as.** Wulf A. Kaal, DAO Market Meta Analysis 2024 (2024). SSRN: https://ssrn.com/abstract=5254152

**Verify.** sha256 of source PDF `bb2052d809a4615f0f3e2526ba6416293c40d00260149ba4fe6f38addf052796` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202024%20-%20DAO%20Market%20Meta%20Analysis%202024.pdf

**Topics.** decentralization, smart-contracts

**Keywords.** decentralized-insurance, smart-contracts, claims-processing, administrative-costs

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