[Lecture Series FS21] Decentralized Autonomous Risk Transfer on the Blockchain

Details

Prof. Dr. Alexander Braun & Niklas Häusle 

Abstract

The rise of blockchain technology enables a fully automated decentralized autonomous risk transfer. We first explain the functionality and operating principles of this new method of risk transfer. We also provide an overview of the corresponding institutional arrangement and its challenges. At least two major challenges can be identified: ensuring the quality of the product and attaining a critical network size. A feasible solution for these problems is the usage of system-specific tokens, which are used as a form of digital collateralization. We explain how these theoretical concepts can be translated into practice and demonstrate the economic potential of the idea. While flight delay risk is already handled through decentralized autonomous risk transfer, the biggest benefits can be realized by decentralizing crop and hurricane insurance, including a seamless transfer of the risk to capital markets

Time

Tuesday, 23 03. 2021
18:00 – 20:00

Online Lecture

Online Via Zoom

Zoom link will be visible to registered people

Speakers

Prof. Dr. Alexander Braun

Alexander Braun is Vice Director at the Institute of Insurance Economics (I.VW-HSG) and Senior Fellow at the Wharton Risk Center (Penn). He is also a risk management professor at the University of St. Gallen (HSG) in Switzerland. He obtained a Ph.D. in Finance at HSG and held visiting scholar positions at the Wharton School (Penn) and Fox School of Business (Temple University) in the US. The focus areas of Mr. Braun comprise NaturalCatastrophe Risk, Insurance-Linked Securities (ILS), Digital Insurance and Sustainable Insurance. Overall, he looks back on more than 12 years of combined scholarly and practical experience in risk management, insurance, and the financial markets.

Niklas Häusle 

Niklas Häusle is a PhD student at the University St. Gallen and project manager at the Institute of Insurance Economics (IVW-HSG). His research interests lie at the intersection of digitalization, insurance economics and organization economics. He received a MSc in Business Economics from the University of Ulm, Germany.

Timeline

Time Speaker Event Title Presentations
18:00 -18:05Welcome & Introduction
18:05 -19:00Prof. Dr. Alexander Braun & Niklas Häusle Decentralized Autonomous Risk Transfer on the Blockchain
19:00 -19:30Q&A
19:30 -20:00End (Apéro)

Sponsors

UZH Blockchain Center

Trust Square

Dezentrum