Fireside Chat: Web3: Increasing Transparency in Reinsurance
Track: Innovation in Action Track
Date Presented: September 22, 2022
While today, crypto assets may be volatile, tomorrow the composability of crypto infrastructure and the use of public and permissioned blockchains will power a revolution in transparency and efficiency along the entire insurance value chain. Regulators and the general public alike will be able to observe the surplus capital positions and salient (re)insurance program performance being emitted to public block chains in real-time. This will drive an increasing willingness of alternative capital finding its way into the industry, and consolidation of access to data that lives mostly in spreadsheets or third-party contributory databases today.
Karn Saroya, CEO & Co-Founder, Re
William Herkelrath, Managing Director, Chainlink