Problems and Smart Contract Solution
The whitepaper argues that insurance markets can be redesigned around deterministic rules instead of discretionary interpretation.
On this page
- - Core inefficiencies in current insurance
- - How contract automation improves outcomes
Market Problems
- Opaque internal decisioning reduces claimant trust.
- Manual reviews are expensive and slow.
- Policy language complexity leads to inconsistent outcomes.
- Value capture is concentrated among centralized intermediaries.
Why Smart Contracts
When policy conditions and payout rules are encoded on-chain, claim execution becomes more transparent and less dependent on insurer-side discretion.
- Automated rule execution for covered events.
- Auditable payout logic and treasury movements.
- Reduced overhead through programmable administration.