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 "@id": "https://wulfkaal.github.io/entities/decentralized-insurance",
 "identifier": "kaal:entity:decentralized-insurance",
 "name": "Decentralized insurance",
 "termCode": "decentralized-insurance",
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 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
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  },
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3782216-009",
   "identifier": "kaal:claim:3782216-009",
   "text": "Decentralized insurance requires networks of policy writers carrying individual reputations, since efficient underwriting of every type of transaction depends on those reputations.",
   "abstract": "Decentralized insurance requires networks of policy writers with individual rep- utations for efficient underwriting of every type of transaction.",
   "citation": "Craig Calcaterra, Wulf A. Kaal, Decentralized Finance (DeFi) (2021). SSRN: https://ssrn.com/abstract=3782216",
   "datePublished": "2021",
   "claim_type": "condition",
   "confidence": "asserted",
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   "scope_conditions": [],
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   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/4529715-021",
   "identifier": "kaal:claim:4529715-021",
   "text": "True decentralization requires the absence of a primary decision-maker, which is very difficult for a decentralized insurance organization to achieve while it is still in its infancy.",
   "abstract": "Despite the potential benefits, decentralized insurance organizations face several challenges. First, true decentralization requires the absence of a primary decision-maker, which is difficult to achieve in an organization's infancy.",
   "citation": "Wulf A. Kaal, Josh Bykowski, Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis (2023). SSRN: https://ssrn.com/abstract=4529715",
   "datePublished": "2023",
   "claim_type": "condition",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "early stage decentralized insurance organizations"
   ],
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  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/4529715-034",
   "identifier": "kaal:claim:4529715-034",
   "text": "Short-term incentives in a decentralized insurance mutual would motivate decision-makers never to pay a claim in order to maximize current profit; incentivizing long-term alignment instead motivates them to pay genuine claims because of the value of the resulting reputation.",
   "abstract": "Short-term focus would motivate decision-makers to never pay out any claim to maximize current profit. However, incentivizing long-term alignment motivates decision-makers to pay out genuine claims because of the significant value of the resulting positive reputation.",
   "citation": "Wulf A. Kaal, Josh Bykowski, Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis (2023). SSRN: https://ssrn.com/abstract=4529715",
   "datePublished": "2023",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "discretionary mutual where members decide claims"
   ],
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   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/5254152-007",
   "identifier": "kaal:claim:5254152-007",
   "text": "In insurance, smart contracts that automate verification and settlement reduce administrative costs and increase both the speed and the accuracy of claims processing.",
   "abstract": "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.",
   "citation": "Wulf A. Kaal, DAO Market Meta Analysis 2024 (2024). SSRN: https://ssrn.com/abstract=5254152",
   "datePublished": "2024",
   "claim_type": "mechanism",
   "confidence": "asserted",
   "is_failure_mode": false,
   "scope_conditions": [
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   ],
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   "status": "current"
  }
 ],
 "description": "4 claims in the published works of Wulf A. Kaal carry the concept tag 'decentralized-insurance'. Derived node: a roster, not an adjudicated definition."
}