LEADER 04256nam 22007455 450 001 9910726286603321 005 20251202141701.0 010 $a9783031295591$b(electronic bk.) 010 $a3031295595$belectronic book 010 $z9783031295584$bhardcover 024 7 $a10.1007/978-3-031-29559-1 035 $a(OCoLC)1380366134 035 $a(MiAaPQ)EBC30547219 035 $a(Au-PeEL)EBL30547219 035 $a(DE-He213)978-3-031-29559-1 035 $a(BIP)089067345 035 $a(PPN)270616330 035 $a(CKB)26736418000041 035 $a(EXLCZ)9926736418000041 100 $a20230521d2023 u| 0 101 0 $aeng 135 $aurcz#---auuuu 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aDecentralized Insurance $eTechnical Foundation of Business Models /$fby Runhuan Feng 205 $a1st ed. 2023. 210 1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2023. 215 $a1 online resource (279 pages) 225 1 $aSpringer Actuarial,$x2523-3270 311 08$aPrint version: Feng, Runhuan Decentralized Insurance Cham : Springer International Publishing AG,c2023 9783031295584 320 $aIncludes bibliographical references and index. 327 $a1. 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. 330 $aThe book offers an introduction to the technical foundation of decentralized insurance models, for advanced undergraduate students, graduate students and practitioners. The book is self-contained and anyone with a basic knowledge of probability and statistics should be able to follow through the entire book. It adopts a minimalist approach to describe the essential elements and first principles so that readers can get a gist of these models without being overwhelmed with too much technicality. It can be used as a reference for business model designs. The inclusion of exercises and practical examples makes the book suitable for advanced courses on decentralized insurance and risk sharing. There is a mix of industry practices and academic models presented in this book. The exposition starts with an overview of historic and current business practices and preliminaries on the mathematics and economics of risk and insurance. A bird's-eye view of traditional insurance is provided as a benchmark for various topics to be used in contrast with decentralized insurance. The book then continues with decentralized insurance practices around the world, including online mutual aid originated in China, takaful from the Islamic world, peer-to-peer insurance in the West, catastrophe risk pooling for Carribean countries, etc. Theories of aggregate risk pooling and peer-to-peer risk exchanges are provided for readers to appreciate the mathematical foundation of risk sharing. A unified framework of decentralized insurance is presented to show a structured approach to the economic design of decentralized business models. The book ends with a technical review of blockchain and decentralized finance (DeFi) insurance applications. 410 0$aSpringer Actuarial,$x2523-3270 606 $aSocial sciences$xMathematics 606 $aProbabilities 606 $aStatistics 606 $aMathematics in Business, Economics and Finance 606 $aApplied Probability 606 $aApplied Statistics 615 0$aSocial sciences$xMathematics. 615 0$aProbabilities. 615 0$aStatistics. 615 14$aMathematics in Business, Economics and Finance. 615 24$aApplied Probability. 615 24$aApplied Statistics. 676 $a368.01 700 $aFeng$b Runhuan$01359359 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 801 2$bGW5XE 801 2$bYDX 801 2$bEBLCP 801 2$bUKAHL 801 2$bOCLCF 801 2$bUIU 801 2$bOCLCQ 801 2$bOCLCO 801 2$bYDX 801 2$bN$T 912 $a9910726286603321 996 $aDecentralized Insurance$93373791 997 $aUNINA