future of insurance in a reputation-based economy · 2017. 10. 20. · reputation = risk premium...

Future of Insurance in a Reputation-based

Economy

@JC2GO

Juan Cartagena

What is Reputation?@JC2GO

What is Reputation?@JC2GO

What is Reputation?@JC2GO

Open Network@JC2GO

Open Network@JC2GO

Open Network@JC2GO

Close Network Open Network

@JC2GO

First Concept: Close networks vs Open networks

Close Network Open Network

Reputation: Efficient mechanism of social control

@JC2GO

First Concept: Close networks vs Open networks

Reputation in the past@JC2GO@JC2GO

Open Networks: Reputable Third Parties

@JC2GO

Open Networks: Reputable Third Parties

@JC2GO

Open Networks: Reputable Third Parties

@JC2GO

Open Networks: Reputable Third Parties

@JC2GO

Open Networks: Reputable Third Parties

@JC2GO

Endorsement

Track Record

@JC2GO

Endorsement

Track Record

@JC2GO

Unknown

Endorsement

Track Record

@JC2GO

Unknown

Endorsement

Track Record

@JC2GO

Unknown

Endorsement

Track Record

@JC2GO

Unknown

Endorsement

Track Record

Relationships

@JC2GO

Unknown

Endorsement

Track Record

Relationships

@JC2GO

Safety

Unknown

@JC2GO

The Network of Trust

@JC2GO

The Network of Trust

@JC2GO

The Network of Trust

- Socio-economic Level and behaviors - Explicit endorsement

blockchain

Sharing houses

The present and future of digital reputation @JC2GO

P2P car renting

Pet Caring

blockchain

Sharing houses

The present and future of digital reputation @JC2GO

P2P car renting

Pet Caring

Ann

Beth

$11

$9

“I have 2 empty seats from NY to Washington”

“I have 2 empty seats from NY to Washington”

(42)

(3)

Ann

Beth

$11

$9

“I have 2 empty seats from NY to Washington”

Carol $16

“I have 2 empty seats from NY to Washington”

“I have 2 empty seats from NY to Washington”

(42)

(3)

(42)

Reputation = Risk Premium

@JC2GO

handshake.traity.com

The Internet

Making the internet a safer place

The Internet

Reputation

Making the internet a safer place

The Internet

Reputation

Handshake and InsuranceAPI

Making the internet a safer place

Network of Trust:

Peer Pressure, reduce Agency: Economics, not just pooling.

Network of Trust:

Peer Pressure, reduce Agency: Economics, not just pooling.

Network of Trust:

Peer Pressure, reduce Agency: Economics, not just pooling.

The Internet

Reputation

Handshake and InsuranceAPI

Making the internet a safer place

P2P Online

The Internet

Reputation

Handshake and InsuranceAPI

Making the internet a safer place

P2P Online

LandlordTenants

The Internet

Reputation

Handshake and InsuranceAPI

Making the internet a safer place

P2P Online

LandlordTenants

Traditional Services

Challenges for Reputation:

Challenges for Reputation:

Criminals who trust each other

People left out - Offline to Online reputation

The value of Negative reputation is High.

Fair Algorithms determine reputation. Inhumane?

Rating the RaterExtrapolation

Thanks! :)jc@traity.com

@JC2GO