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My view has been that insurance is the one application where I could really see how web3 serves it better than web2 but haven’t seen any projects take off (probably bc less lucrative than grifting)

What’s the insurance play

There’s no real value / alpha for policyholders to have their insur. money pool managed by insur. cos. I see a logical case for instead pooling money through a DAO, investing the pool into agreed upon allocation of index & bonds, and then smart contracts for payouts

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5:56 PM · Jul 4, 2022Twitter for iPhone

Who controls claim adjustments

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and

Smart contracts. It meets criteria - follows - execution of code.

somebody has to literally make that judgement call, smart contracts don't solve that problem

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That’s where it gets above my pay grade- I think the DAO would “hire” or outsource to DAO service providers that have been popping up; outsourced adjusting sounds like better principal agent alignment than current model; probably can’t be a shittier UX than traditional insur.