Overview
FairClaim proposes a decentralized insurance model where transparent smart contracts and community governance replace opaque insurer-controlled decision paths.
On this page
- - The core whitepaper vision
- - What changes for policyholders
- - How to navigate this documentation
Vision
The whitepaper frames legacy insurance as structurally biased in favor of insurers due to opaque claims handling, inconsistent interpretation, and centralized control over payouts.
FairClaim's direction is to codify policy terms and claim outcomes into auditable smart contracts so decisions become predictable, programmable, and easier to challenge.
Why This Matters
- Transparent logic reduces discretionary rejection behavior.
- Automation can cut administrative overhead and delays.
- On-chain records improve traceability for participants and regulators.
Quick Start
Read this docs set in order: traditional process, market problems, architecture, and then economics. The formulas section can be used as a reference when reviewing premium discount and sustainability assumptions.