Token-Based Insurance Solutions on Blockchain

With the rising demand for protection against new risks such as loss of digital assets, novel insurance services and products emerge. In particular, token-based solutions on blockchain transform business by providing cover streamlined, (semi-)automated underwriting claim processes. chapter, we present a general framework solutions, delegating their fundamental building blocks that include core roles, main tokens well key processes operations. We describe three major in market compare them terms native token functionality, tokenized types, assessment process capital model. Based discussion concrete examples summarize advantages point out drawbacks. conclude despite being at nascent stage, space bears promise to unseat incumbent players with increasingly more action taking place use cases explored.