Disrupt the Industry, Not the IncumbentsChristoph Mussenbrock participated in a panel at Blockchain Expo 2018 in London and struck a balance in his remarks between disruption and cooperation.
The panel focused on understanding what opportunities, as well as threats, the blockchain technology has in store for the insurance sector. Christoph took the view that parametric insurance from companies like Etherisc is disruptive to the traditional insurance industry in the long term, but should be complementary in the short term.
Noting that Etherisc aims at creating an environment where “people can build their own insurance products,” Christoph affirmed a vision in which “people can act without an intermediary.” He added that “this is a shift of control from insurance companies to customers, and lets customers have a better experience, with more transparency and fairness.”
https://blog.etherisc.com/disrupt-the-industry-not-the-incumbents-2baad82127a4