Crowdsurance (from English crowdsurance ) - the association of individuals into communities in order to minimize the financial consequences of their own potential risks.
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The term “crowdshurans” is a neologism that came to the Russian language from the west and began to be used during the growth and development of the so-called. “Joint economy” (from sharing economy [1] ). Along with such neologisms as “ crowdfunding ” or “ crowdsourcing ”, “crowdshurans” is based on the collective interaction of people united in communities with a common goal. Such collective cooperation is based on the principles of autonomous decentralized organizations with the use of innovative technologies (for example, blockchains ) and is regulated by smart contracts . The nature of crowdshurans involves the formation of reserve funds from voluntary cash contributions from community members.
History of origin
The term was first introduced into circulation in 2016 during the implementation of a joint project of the telecommunications company Telia and the Finnish startup Fair [2] [3] , in June 2017 an application was submitted to register the word “crowdsurance” as a trademark [4] . In Russia, a number of companies and teams that develop payment and scoring system developers for the retail , insurance and banking sectors are involved in the development of crowdshurans platform. In March 2017, the first crowdschurans project of Lexi Club appeared in Russia - a social service for mutual pet insurance without prior chipping , presenting a pet passport and meeting with an insurance agent. There are no agents and insurance companies in the business model of this system - users are registered, the payment is received and compensation is paid by the robot .
In the autumn of 2018, a proposal from the Bank of Russia to introduce a p2p-insurance model (from person to person) in Russia was announced, when compensation is paid from the participants' contributions [5] [6] .
Differences from traditional insurance
Crowdshurans has a number of key differences from classic insurance:
- Crowdshurans often assumes the presence of blockchain technology at the core of a solution / business model .
- Cross-border solutions - the absence of geographical restrictions on the territory of insurance and risk coverage.
Notes
- ↑ Art of sharing - Painting of the day - Kommersant
- ↑ Fair Crowdsurance. Peer-to-Peer Insurance
- ↑ TeliaCompany expands to insurance business together with a Finish startup Fair
- ↑ Trademark Application for “CROWDSURANCE” Filed by Nationwide Mutual Insurance Company
- ↑ Central Bank: P2P-insurance without the participation of the insurer will be in the "gray zone" , TASS . The appeal date is October 1, 2018.
- ↑ Sheets . The Central Bank offered the Russians to insure each other (September 17, 2018). The appeal date is October 1, 2018.
Links
- Russian startup has created a pet insurance service through blockchain
- The Art of Sharing: How the sharing economy is changing the world
- Mutual Insurance Club
- Why is blockchain in insurance a chance for an entrepreneur?
- About Blockchain and Crowdsurance
- Insurer Invisible
- How neural networks help business development
- Insurion - technological assistance for flight delay