Hello all,

Some background. My project involves a deep dive into the economics of insurance. And suggest answers (=a whole new mechanism)...

What could be truly disrupted in the insurance industry?
Would a DAO be the solution?
What is your view of the insurance industry )agents, brokers, various middlemen, insurance companies, reinsurance companies, regulators)?
We all know they are super slow. Slow to pay claims. Slow to embrace technology. Slow for everything.
But do you trust the industry? It would nice if you provide the context such as "I have a life insurance policy"

Who do you trust? Why? If a DAO was well organized, funded, and solid would you trust them more than an insurance company?

Have you ever thought about where the money comes from? Would you be interested in being part of a group of backers (= providing a form of insurance).
Don't forget that a high level insurance is just a gamble. Lloyds in London is famous for that. Based on limited information they will say whether they will insure your project (oils rig, terrorist attack, or the fingers of a famous pianist) and at what price. They may impose restrictions as well: for example ships can't go in certain geographic areas (example offshore of Somalia).

Would you prefer to deal with an adjuster and a bunch of experts or would you prefer a simple smart contract?

I would really appreciate feedback from the group. Thank you,