Why Management Experience Is So Important For Blockchain Insurance
Monday, August 27th, 2018 Risk Management TechnologyGiven that “there are no 10-year-old blockchain companies” in an industry that relies heavily on historical data, how do insurers assess a submission for insurance related to the distributed ledger? Just like you would for any type of “traditional insurance”: by focusing on the experience and quality of the company’s management, said Christopher Liu, head of financial institutions (cyber) at AIG, during a webinar last week. However, what would otherwise normally be a “red flag” on the underwriting side (less than 10 years of operations) is the norm for blockchain companies.
External References & Further Reading
https://www.canadianunderwriter.ca/insurance/management-experience-important-blockchain-insurance-1004136196/
