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Insurance risk management blockchain
Publish: 2021-05-01 19:47:43
1. Yes, GRE global risk exchange is the world's first international trading center for risk management contracts based on blockchain technology, graphene, distributed and full open source. It aims to help global institutions and indivials conct risk trading and management in a decentralized way. The essence is insurance
all indivials and institutions can meet the personalized risk management needs through the GRE platform, find the risk management smart contract to meet their needs on the GRE platform, and use risk token to conct smart contract transactions. Both parties of risk contract transaction on GRE platform will lock the risk token and automatically determine the result through smart contract and allocate the risk token according to the result, which completely eliminates the risk of counterparties and alleviates the market panic when the risk event occurs, which helps to increase the market liquidity
the design of insurance and risk management smart contracts on the GRE platform has been completely democratized, not controlled by any centralized organization, while the quality of proct design is completely determined by the active trading market.
all indivials and institutions can meet the personalized risk management needs through the GRE platform, find the risk management smart contract to meet their needs on the GRE platform, and use risk token to conct smart contract transactions. Both parties of risk contract transaction on GRE platform will lock the risk token and automatically determine the result through smart contract and allocate the risk token according to the result, which completely eliminates the risk of counterparties and alleviates the market panic when the risk event occurs, which helps to increase the market liquidity
the design of insurance and risk management smart contracts on the GRE platform has been completely democratized, not controlled by any centralized organization, while the quality of proct design is completely determined by the active trading market.
2. 1.
blockchain makes the insurance instry personalized. The so-called personalized insurance mainly refers to that insurance companies can perform different insurance liabilities according to different scenarios, and automatically claim the losses caused by sudden risks according to the relevant agreements in the insurance contract
2.
blockchain helps emerging markets of insurance instry. In some emerging markets, blockchain can use its smart contract function to deal with small and micro businesses...
3.
blockchain can improve customer participation in insurance instry, Customer data can be said to be the basic basis for risk management...
4.
blockchain can be applied to special risks in the insurance instry. Generally speaking, if you need to buy insurance for artworks or other valuables
blockchain makes the insurance instry personalized. The so-called personalized insurance mainly refers to that insurance companies can perform different insurance liabilities according to different scenarios, and automatically claim the losses caused by sudden risks according to the relevant agreements in the insurance contract
2.
blockchain helps emerging markets of insurance instry. In some emerging markets, blockchain can use its smart contract function to deal with small and micro businesses...
3.
blockchain can improve customer participation in insurance instry, Customer data can be said to be the basic basis for risk management...
4.
blockchain can be applied to special risks in the insurance instry. Generally speaking, if you need to buy insurance for artworks or other valuables
3. First of all, let me tell you about the core technology of blockchain
blockchain mainly solves the trust and security problems of transactions, so it proposes four technological innovations for this problem:
the first one is called distributed ledger, which is that transaction bookkeeping is completed by multiple nodes distributed in different places, and each node records complete accounts, Therefore, they can participate in the supervision of the legitimacy of the transaction, but also can jointly testify for them. Different from the traditional centralized accounting scheme, no single node can record accounts separately, so as to avoid the possibility that a single bookkeeper is controlled or bribed to record false accounts. On the other hand, because there are enough accounting nodes, in theory, unless all nodes are destroyed, the accounts will not be lost, thus ensuring the security of the account data
the second is called symmetric encryption and authorization technology. The transaction information stored on the blockchain is public, but the account identity information is highly encrypted, which can only be accessed under the authorization of the data owner, thus ensuring the data security and personal privacy
the third mechanism is called consensus mechanism, which is how to reach a consensus among all accounting nodes to determine the validity of a record. This is not only a means of identification, but also a means of preventing tampering. Blockchain proposes four different consensus mechanisms, which are suitable for different application scenarios and achieve a balance between efficiency and security. Taking bitcoin as an example, the workload proof is adopted. Only when more than 51% of the accounting nodes in the whole network are controlled can a nonexistent record be forged. When there are enough nodes to join the blockchain, this is basically impossible, thus eliminating the possibility of fraud
the last technical feature is called smart contract, which is based on these trusted and tamperable data and can automatically execute some pre-defined rules and terms. Take insurance as an example. If everyone's information (including medical information and risk occurrence information) is true and reliable, it is easy to carry out automatic claim settlement in some standardized insurance procts
in the daily business of insurance companies, although the transactions are not as frequent as those in the banking and securities instries, the reliance on trusted data is increasing. During the operation of insurance companies, risks caused by various reasons occur from time to time, so the regulatory authorities can only take measures of pre audit or post constraint. However, with the increasing opening of the front end of the insurance business, enterprises participating in the insurance market are becoming more and more diversified, and the demand for in-process supervision is becoming increasingly prominent
as long as the insurance company moves its daily operation process to the blockchain and develops an accounting node (even a read-only accounting node) from the regulatory authority, the regulatory authority can observe all the business trends of the insurance company in real time. Tongxin society is the first domestic application project of blockchain technology and an open mutual aid information service platform. For example, there is no need to wait for the insurance company to declare afterwards, so as to discover the possible business risks and illegal operations in time.
blockchain mainly solves the trust and security problems of transactions, so it proposes four technological innovations for this problem:
the first one is called distributed ledger, which is that transaction bookkeeping is completed by multiple nodes distributed in different places, and each node records complete accounts, Therefore, they can participate in the supervision of the legitimacy of the transaction, but also can jointly testify for them. Different from the traditional centralized accounting scheme, no single node can record accounts separately, so as to avoid the possibility that a single bookkeeper is controlled or bribed to record false accounts. On the other hand, because there are enough accounting nodes, in theory, unless all nodes are destroyed, the accounts will not be lost, thus ensuring the security of the account data
the second is called symmetric encryption and authorization technology. The transaction information stored on the blockchain is public, but the account identity information is highly encrypted, which can only be accessed under the authorization of the data owner, thus ensuring the data security and personal privacy
the third mechanism is called consensus mechanism, which is how to reach a consensus among all accounting nodes to determine the validity of a record. This is not only a means of identification, but also a means of preventing tampering. Blockchain proposes four different consensus mechanisms, which are suitable for different application scenarios and achieve a balance between efficiency and security. Taking bitcoin as an example, the workload proof is adopted. Only when more than 51% of the accounting nodes in the whole network are controlled can a nonexistent record be forged. When there are enough nodes to join the blockchain, this is basically impossible, thus eliminating the possibility of fraud
the last technical feature is called smart contract, which is based on these trusted and tamperable data and can automatically execute some pre-defined rules and terms. Take insurance as an example. If everyone's information (including medical information and risk occurrence information) is true and reliable, it is easy to carry out automatic claim settlement in some standardized insurance procts
in the daily business of insurance companies, although the transactions are not as frequent as those in the banking and securities instries, the reliance on trusted data is increasing. During the operation of insurance companies, risks caused by various reasons occur from time to time, so the regulatory authorities can only take measures of pre audit or post constraint. However, with the increasing opening of the front end of the insurance business, enterprises participating in the insurance market are becoming more and more diversified, and the demand for in-process supervision is becoming increasingly prominent
as long as the insurance company moves its daily operation process to the blockchain and develops an accounting node (even a read-only accounting node) from the regulatory authority, the regulatory authority can observe all the business trends of the insurance company in real time. Tongxin society is the first domestic application project of blockchain technology and an open mutual aid information service platform. For example, there is no need to wait for the insurance company to declare afterwards, so as to discover the possible business risks and illegal operations in time.
4. To answer this question, let's first introce the core technology of blockchain and the current insurance instry<
Introction to the core technology of blockchain
blockchain mainly solves the trust and security problems of transactions, so it proposes four technological innovations to solve this problem:
the first one is called distributed ledger, which is that transaction bookkeeping is completed by multiple nodes distributed in different places, and each node records complete accounts, Therefore, they can participate in the supervision of the legitimacy of the transaction, but also can jointly testify for them. Different from the traditional centralized accounting scheme, no single node can record accounts separately, so as to avoid the possibility that a single bookkeeper is controlled or bribed to record false accounts. On the other hand, because there are enough accounting nodes, in theory, unless all nodes are destroyed, the accounts will not be lost, thus ensuring the security of the account data
the second is called symmetric encryption and authorization technology. The transaction information stored on the blockchain is public, but the account identity information is highly encrypted, which can only be accessed under the authorization of the data owner, thus ensuring the data security and personal privacy
the third mechanism is called consensus mechanism, which is how to reach a consensus among all accounting nodes to determine the validity of a record. This is not only a means of identification, but also a means of preventing tampering. Blockchain proposes four different consensus mechanisms, which are suitable for different application scenarios and achieve a balance between efficiency and security. Taking bitcoin as an example, the workload proof is adopted. Only when more than 51% of the accounting nodes in the whole network are controlled can a nonexistent record be forged. When there are enough nodes to join the blockchain, this is basically impossible, thus eliminating the possibility of fraud
the fourth technical feature is called smart contract, which is based on these trusted and tamperable data and can automatically execute some pre-defined rules and terms. Take insurance as an example. If everyone's information (including medical information and risk occurrence information) is true and reliable, it is easy to carry out automatic claim settlement in some standardized insurance procts<
risk management of policyholders
in the current insurance business, disputes between insurance companies and policyholders occur from time to time, either the policyholders provide false personal information to defraud insurance, or there are differences in the determination of exemption clauses when settling claims. The key to these problems lies in the lack of a real and reliable data collection and storage means for the personal information of the insured
with the advancement of national systematic projects such as medical information digitization and personal credit system, more and more authoritative data sources appear. If these data can be introced and stored on the blockchain, it will become the digital identity of everyone. The data above is authentic, can't be tampered with, real-time synchronization and life-long validity, It will bring great benefits to the risk management of the insured
the first is to get through the data between different companies and refer to each other, so as to discover the information of repeated insurance and historical claims in time, and discover high-risk users in time
secondly, introcing data from different instries into the blockchain can improve the accuracy and efficiency of underwriting and claims verification. For example, if you can query all the medical records of the insured, even the medical records of the immediate family members, on the blockchain, you will have first-hand information about the current physical condition, disease history and family history of the insured, effectively eliminating the insurance with diseases
for example, at present, China's first network mutual aid platform using blockchain technology as the core is concentric mutual aid. On the basis of traditional mutual aid platform, with the help of blockchain technology, it realizes decentralized information sharing, innovates and realizes comprehensive and transparent operation, and builds a fair, just, open, safe and efficient open mutual aid information service platform for the public.
Introction to the core technology of blockchain
blockchain mainly solves the trust and security problems of transactions, so it proposes four technological innovations to solve this problem:
the first one is called distributed ledger, which is that transaction bookkeeping is completed by multiple nodes distributed in different places, and each node records complete accounts, Therefore, they can participate in the supervision of the legitimacy of the transaction, but also can jointly testify for them. Different from the traditional centralized accounting scheme, no single node can record accounts separately, so as to avoid the possibility that a single bookkeeper is controlled or bribed to record false accounts. On the other hand, because there are enough accounting nodes, in theory, unless all nodes are destroyed, the accounts will not be lost, thus ensuring the security of the account data
the second is called symmetric encryption and authorization technology. The transaction information stored on the blockchain is public, but the account identity information is highly encrypted, which can only be accessed under the authorization of the data owner, thus ensuring the data security and personal privacy
the third mechanism is called consensus mechanism, which is how to reach a consensus among all accounting nodes to determine the validity of a record. This is not only a means of identification, but also a means of preventing tampering. Blockchain proposes four different consensus mechanisms, which are suitable for different application scenarios and achieve a balance between efficiency and security. Taking bitcoin as an example, the workload proof is adopted. Only when more than 51% of the accounting nodes in the whole network are controlled can a nonexistent record be forged. When there are enough nodes to join the blockchain, this is basically impossible, thus eliminating the possibility of fraud
the fourth technical feature is called smart contract, which is based on these trusted and tamperable data and can automatically execute some pre-defined rules and terms. Take insurance as an example. If everyone's information (including medical information and risk occurrence information) is true and reliable, it is easy to carry out automatic claim settlement in some standardized insurance procts<
risk management of policyholders
in the current insurance business, disputes between insurance companies and policyholders occur from time to time, either the policyholders provide false personal information to defraud insurance, or there are differences in the determination of exemption clauses when settling claims. The key to these problems lies in the lack of a real and reliable data collection and storage means for the personal information of the insured
with the advancement of national systematic projects such as medical information digitization and personal credit system, more and more authoritative data sources appear. If these data can be introced and stored on the blockchain, it will become the digital identity of everyone. The data above is authentic, can't be tampered with, real-time synchronization and life-long validity, It will bring great benefits to the risk management of the insured
the first is to get through the data between different companies and refer to each other, so as to discover the information of repeated insurance and historical claims in time, and discover high-risk users in time
secondly, introcing data from different instries into the blockchain can improve the accuracy and efficiency of underwriting and claims verification. For example, if you can query all the medical records of the insured, even the medical records of the immediate family members, on the blockchain, you will have first-hand information about the current physical condition, disease history and family history of the insured, effectively eliminating the insurance with diseases
for example, at present, China's first network mutual aid platform using blockchain technology as the core is concentric mutual aid. On the basis of traditional mutual aid platform, with the help of blockchain technology, it realizes decentralized information sharing, innovates and realizes comprehensive and transparent operation, and builds a fair, just, open, safe and efficient open mutual aid information service platform for the public.
5. Using blockchain technology to transform and upgrade the traditional insurance instry, in addition to online insurance for risks in real life, we can also manage and trade risk contracts. Moreover, the decentralized transaction process of the blockchain can ensure the confidentiality of data and information, and because of the automatic execution mechanism of the smart contract, the claim settlement is also more guaranteed.
6. The security of Chongqing jinwowo network analysis blockchain technology is as follows:
1 - blockchain technology helps to strengthen the protection of customer information
2 - blockchain technology can further improve the consumption experience
3 - blockchain technology can rece the risk of information asymmetry
4 - blockchain technology can ensure the security, authenticity and reliability of transaction information.
1 - blockchain technology helps to strengthen the protection of customer information
2 - blockchain technology can further improve the consumption experience
3 - blockchain technology can rece the risk of information asymmetry
4 - blockchain technology can ensure the security, authenticity and reliability of transaction information.
7. To answer this question, let's first introce the advantages and disadvantages of network mutual assistance and the advantages of applying blockchain technology
advantages of online mutual assistance:
online mutual assistance is actually a variant of foreign mutual insurance (or mutual insurance) in China. It inherits the characteristics of some modes of mutual insurance, such as organizational form and management methods. It also makes some changes according to the characteristics of China's insurance market and the current regulatory environment
Internet Mutual Aid relies on the Internet's efficient information matching ability, convenient payment service and low entry threshold, Therefore, network mutual aid has the ability to gather a large number of members in a short time
low cost
at least 50% ~ 80% cheaper than the traditional security scheme
high participation
the value provided by network mutual aid is easily accepted by users
flexible security
flexible procts, It can launch mutual aid procts for all kinds of people
shortcomings of online mutual aid:
operation is not transparent
there may be problems such as platform fabricating mutual aid events to obtain users' funds
user privacy
the general carrier of online mutual aid platform is technology company, which lacks supervision and public trust endorsement, Therefore, it is easy to be questioned
inefficient
compensation process is slow
Application of blockchain technology
we think that the emergence of blockchain technology provides solutions to these problems. The network mutual aid application based on blockchain platform can maximize the absolute security of funds, protocols and information, and improve the risk control ability
the flow of funds is transparent
all the details of the flow of funds are recorded on the blockchain, and the data can not be forged or tampered to ensure the authenticity and validity of the data. All regulatory units, public media and ordinary users can view and supervise the implementation of the rules at any time
the rules are efficient
all the funds are transferred according to the open and tamperable smart contract, Once determined, it can be executed accurately, no one can intervene, no legal person can misappropriate or intervene, which improves the efficiency of rule execution
user information security
all personal sensitive information is highly encrypted and stored, unless authorized by the user, Other people can't access and steal
the service will never be down
the network mutual assistance running on the public chain does not depend on whether a central server is online, which can ensure that the service provided will never be down
in the current insurance business, disputes between insurance companies and policy holders occur from time to time, or the policy holders provide false personal information to cheat insurance, Or there are differences in the determination of the exemption clause when settling the claim. The key to these problems lies in the lack of a real and reliable data collection and storage means for the personal information of the insured
with the advancement of national systematic projects such as medical information digitization and personal credit system, more and more authoritative data sources appear. If these data can be introced and stored on the blockchain, it will become the digital identity of everyone. The data above is authentic, can't be tampered with, real-time synchronization and life-long validity, It will bring great benefits to the risk management of the insured
the first is to get through the data between different companies and refer to each other, so as to discover the information of repeated insurance and historical claims in time, and discover high-risk users in time. Taking the 40 million accident insurance fraud in March this year as an example, Zhou of Yangzhou took out insurance in more than ten life insurance companies, which was not found out until the manual underwriting. If every insurance information is recorded in the blockchain, it can be found and timely measures can be taken
secondly, introcing data from different instries into the blockchain can improve the accuracy and efficiency of underwriting and claims verification. For example, if you can query all the medical records of the insured, even the medical records of the immediate family members, on the blockchain, you will have first-hand information about the current physical condition, disease history and family history of the insured, effectively eliminating the insurance with diseases
at present, Tongxin society is the first network mutual aid platform with blockchain technology as the core in China, so blockchain technology is also one of the effective technical means for in-process supervision.
advantages of online mutual assistance:
online mutual assistance is actually a variant of foreign mutual insurance (or mutual insurance) in China. It inherits the characteristics of some modes of mutual insurance, such as organizational form and management methods. It also makes some changes according to the characteristics of China's insurance market and the current regulatory environment
Internet Mutual Aid relies on the Internet's efficient information matching ability, convenient payment service and low entry threshold, Therefore, network mutual aid has the ability to gather a large number of members in a short time
low cost
at least 50% ~ 80% cheaper than the traditional security scheme
high participation
the value provided by network mutual aid is easily accepted by users
flexible security
flexible procts, It can launch mutual aid procts for all kinds of people
shortcomings of online mutual aid:
operation is not transparent
there may be problems such as platform fabricating mutual aid events to obtain users' funds
user privacy
the general carrier of online mutual aid platform is technology company, which lacks supervision and public trust endorsement, Therefore, it is easy to be questioned
inefficient
compensation process is slow
Application of blockchain technology
we think that the emergence of blockchain technology provides solutions to these problems. The network mutual aid application based on blockchain platform can maximize the absolute security of funds, protocols and information, and improve the risk control ability
the flow of funds is transparent
all the details of the flow of funds are recorded on the blockchain, and the data can not be forged or tampered to ensure the authenticity and validity of the data. All regulatory units, public media and ordinary users can view and supervise the implementation of the rules at any time
the rules are efficient
all the funds are transferred according to the open and tamperable smart contract, Once determined, it can be executed accurately, no one can intervene, no legal person can misappropriate or intervene, which improves the efficiency of rule execution
user information security
all personal sensitive information is highly encrypted and stored, unless authorized by the user, Other people can't access and steal
the service will never be down
the network mutual assistance running on the public chain does not depend on whether a central server is online, which can ensure that the service provided will never be down
in the current insurance business, disputes between insurance companies and policy holders occur from time to time, or the policy holders provide false personal information to cheat insurance, Or there are differences in the determination of the exemption clause when settling the claim. The key to these problems lies in the lack of a real and reliable data collection and storage means for the personal information of the insured
with the advancement of national systematic projects such as medical information digitization and personal credit system, more and more authoritative data sources appear. If these data can be introced and stored on the blockchain, it will become the digital identity of everyone. The data above is authentic, can't be tampered with, real-time synchronization and life-long validity, It will bring great benefits to the risk management of the insured
the first is to get through the data between different companies and refer to each other, so as to discover the information of repeated insurance and historical claims in time, and discover high-risk users in time. Taking the 40 million accident insurance fraud in March this year as an example, Zhou of Yangzhou took out insurance in more than ten life insurance companies, which was not found out until the manual underwriting. If every insurance information is recorded in the blockchain, it can be found and timely measures can be taken
secondly, introcing data from different instries into the blockchain can improve the accuracy and efficiency of underwriting and claims verification. For example, if you can query all the medical records of the insured, even the medical records of the immediate family members, on the blockchain, you will have first-hand information about the current physical condition, disease history and family history of the insured, effectively eliminating the insurance with diseases
at present, Tongxin society is the first network mutual aid platform with blockchain technology as the core in China, so blockchain technology is also one of the effective technical means for in-process supervision.
8.
Blockchain technology also has incomparable advantages in the insurance instry. From the perspective of data management, the application of blockchain technology can effectively improve the risk management and control ability of insurance companies, including the risk supervision of insurance companies and the risk management of policyholders
The application of 
blockchain technology in insurance instry can strengthen the internal risk supervision of insurance companies. Blockchain technology can record the daily operation process of insurance company on the node, realize the in-process control of the company's capital flow, investment situation, compensation amount and other business, and improve the company's risk management and control ability
in addition, the blockchain technology is safe, reliable and can not be tampered with at will, which ensures that the information obtained by the policyholder is true and effective, and enhances the risk management ability of the policyholder
9. Network mutual aid is actually a variant of foreign mutual insurance (or mutual insurance) in China. It inherits the characteristics of some modes of mutual insurance, such as organizational form and management methods. It also makes some changes according to the characteristics of China's insurance market and the current regulatory environment
benefits of online mutual assistance
online mutual assistance relies on the Internet's efficient information matching ability, convenient payment service and low entry threshold, So network mutual aid has the ability to gather a large number of members in a short time
the cost is low
at least 50% ~ 80% cheaper than the traditional security scheme
the value provided by network mutual aid is easy to be accepted by users
the security is flexible
the procts are flexible, Mutual aid procts can be launched for all kinds of people
the problem of network mutual aid
operation is not transparent
there may be problems such as platform fabricating mutual aid events to obtain users' funds
user privacy
the general carrier of network mutual aid platform is technology company, which lacks supervision and public trust, Therefore, it is easy to be questioned
inefficient
compensation process is slow
at present, Tongxin society, the first network mutual aid platform applying blockchain technology in China, thinks that the emergence of blockchain technology provides solutions to these problems, and the network mutual aid application based on blockchain platform can maximize the absolute security of funds, protocols and information, Improve the ability of risk control
the flow of funds is transparent
all the details of the flow of funds are recorded on the blockchain, and the data can not be forged or tampered to ensure the authenticity and validity of the data. All regulatory units, public media and ordinary users can view and supervise the implementation of the rules at any time
the rules are efficient
all the funds are transferred according to the open and tamperable smart contract, Once determined, it can be executed accurately, no one can intervene, no legal person can misappropriate or intervene, which improves the efficiency of rule execution
user information security
all personal sensitive information is highly encrypted and stored, unless authorized by the user, Other people can't access and steal
the service will never be down
the network mutual assistance running on the public chain does not depend on whether a central server is online, which can ensure that the service provided will never be down
benefits of online mutual assistance
online mutual assistance relies on the Internet's efficient information matching ability, convenient payment service and low entry threshold, So network mutual aid has the ability to gather a large number of members in a short time
the cost is low
at least 50% ~ 80% cheaper than the traditional security scheme
the value provided by network mutual aid is easy to be accepted by users
the security is flexible
the procts are flexible, Mutual aid procts can be launched for all kinds of people
the problem of network mutual aid
operation is not transparent
there may be problems such as platform fabricating mutual aid events to obtain users' funds
user privacy
the general carrier of network mutual aid platform is technology company, which lacks supervision and public trust, Therefore, it is easy to be questioned
inefficient
compensation process is slow
at present, Tongxin society, the first network mutual aid platform applying blockchain technology in China, thinks that the emergence of blockchain technology provides solutions to these problems, and the network mutual aid application based on blockchain platform can maximize the absolute security of funds, protocols and information, Improve the ability of risk control
the flow of funds is transparent
all the details of the flow of funds are recorded on the blockchain, and the data can not be forged or tampered to ensure the authenticity and validity of the data. All regulatory units, public media and ordinary users can view and supervise the implementation of the rules at any time
the rules are efficient
all the funds are transferred according to the open and tamperable smart contract, Once determined, it can be executed accurately, no one can intervene, no legal person can misappropriate or intervene, which improves the efficiency of rule execution
user information security
all personal sensitive information is highly encrypted and stored, unless authorized by the user, Other people can't access and steal
the service will never be down
the network mutual assistance running on the public chain does not depend on whether a central server is online, which can ensure that the service provided will never be down
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