04256nam 22007455 450 991072628660332120251202141701.09783031295591(electronic bk.)3031295595electronic book9783031295584hardcover10.1007/978-3-031-29559-1(OCoLC)1380366134(MiAaPQ)EBC30547219(Au-PeEL)EBL30547219(DE-He213)978-3-031-29559-1(BIP)089067345(PPN)270616330(CKB)26736418000041(EXLCZ)992673641800004120230521d2023 u| 0engurcz#---auuuutxtrdacontentcrdamediacrrdacarrierDecentralized Insurance Technical Foundation of Business Models /by Runhuan Feng1st ed. 2023.Cham :Springer International Publishing :Imprint: Springer,2023.1 online resource (279 pages)Springer Actuarial,2523-3270Print version: Feng, Runhuan Decentralized Insurance Cham : Springer International Publishing AG,c2023 9783031295584 Includes bibliographical references and index.1. Introduction -- 2. Risk Assessment and Measures -- 3. Economics of Risk and Insurance -- 4. Traditional Insurance -- 5. Decentralized Insurance -- 6. Aggregate Risk Pooling -- 7. P2P Risk Exchange -- 8. Unified Framework -- 9. DeFi Insurance -- Reference. – Index.The book offers an introduction to the technical foundation of decentralized insurance models, for advanced undergraduate students, graduate students and practitioners. The book is self-contained and anyone with a basic knowledge of probability and statistics should be able to follow through the entire book. It adopts a minimalist approach to describe the essential elements and first principles so that readers can get a gist of these models without being overwhelmed with too much technicality. It can be used as a reference for business model designs. The inclusion of exercises and practical examples makes the book suitable for advanced courses on decentralized insurance and risk sharing. There is a mix of industry practices and academic models presented in this book. The exposition starts with an overview of historic and current business practices and preliminaries on the mathematics and economics of risk and insurance. A bird's-eye view of traditional insurance is provided as a benchmark for various topics to be used in contrast with decentralized insurance. The book then continues with decentralized insurance practices around the world, including online mutual aid originated in China, takaful from the Islamic world, peer-to-peer insurance in the West, catastrophe risk pooling for Carribean countries, etc. Theories of aggregate risk pooling and peer-to-peer risk exchanges are provided for readers to appreciate the mathematical foundation of risk sharing. A unified framework of decentralized insurance is presented to show a structured approach to the economic design of decentralized business models. The book ends with a technical review of blockchain and decentralized finance (DeFi) insurance applications.Springer Actuarial,2523-3270Social sciencesMathematicsProbabilitiesStatisticsMathematics in Business, Economics and FinanceApplied ProbabilityApplied StatisticsSocial sciencesMathematics.Probabilities.Statistics.Mathematics in Business, Economics and Finance.Applied Probability.Applied Statistics.368.01Feng Runhuan1359359MiAaPQMiAaPQMiAaPQGW5XEYDXEBLCPUKAHLOCLCFUIUOCLCQOCLCOYDXN$T9910726286603321Decentralized Insurance3373791UNINA