Embrace the future of trust and automation in the insurance industry through the groundbreaking Decentralized Tech & Blockchain (DTP) pillar at LIW 2025. Our mission goes beyond just engaging in theoretical discourse; we delve into the tangible and practical applications of Distributed Ledger Technology (DLT), smart contracts, Decentralized Identifiers (DIDs), and Decentralized Autonomous Organizations (DAOs).
The use of decentralized technology in the insurance sector is not a novel idea; however, it has encountered numerous challenges over the years. Despite this, bold innovators are pushing the boundaries, achieving groundbreaking advancements and novel applications. Many insurers remain cautious about the risks associated with leveraging decentralized technology as a catalyst for insurance. In essence, operating an insurance or reinsurance capability on the blockchain entails risks of losses and instability, a concern that has fueled decentralized technology's notorious reputation, particularly in insurance initiatives, posing significant hurdles to adoption. This narrative is being rewritten at London Insurance Week serving as a platform to showcase the latest cutting-edge technologies and use cases that address the apprehensions of traditional insurers and the broader insurance ecosystem. These innovations not only demonstrate the robustness and security of the platforms but also offer coverage for any potential losses arising from the technology itself or accidental errors. This ensures that the solutions are reliable and safe to implement at scale, alleviating fears related to the risks inherent in decentralized technology platforms.
As you explore our offerings, you will uncover how these innovative technologies are fundamentally transforming essential insurance processes, ranging from the pivotal stages of underwriting and claims processing to the complexities of capital management and the secure verification of customer identity by harnessing the power of decentralization, we are promoting unparalleled transparency, efficiency, and collaboration within the insurance ecosystem, ensuring that stakeholders can navigate this new landscape with confidence and clarity.
Join us in discovering how these advancements are setting the stage for a more trustworthy and automated future in insurance.
In the DTP Innovation Zone - The Pure Play Showcase
Live Smart Contract Demos
Experience a simulated parametric insurance policy designed for flight delays. Enter a flight number, observe real-time data retrieval through an oracle, and see the smart contract seamlessly execute a payout to a digital wallet once the delay is verified.
Decentralized Identity (DID) Showcase
Create your own "Verified Business Owner" credential stored in your digital wallet. Use this DID to instantly access a simulated SME insurance portal, eliminating redundant logins and document submissions.
In the DTP Innovation Zone - The Pure Play Showcase
DAO Governance Simulation
Engage with an interactive display demonstrating how members of a simulated mutual insurance DAO propose and vote on coverage rules or premium changes using blockchain-based tokens. Showcased by: DAO tooling platforms, research bodies.
Blockchain for Claims Transparency
Follow a visual workflow showing how a shipping container damage alert triggers an immutable record on a blockchain, instantly accessible to shipper, insurer, and surveyor, drastically reducing disputes.
On the DTP High-Impact Stage - Thought Leadership & Debate
Keynotes: Hear transformative visions like "Reinventing Trust: How DLT is Building Transparent and Automated Insurance Ecosystems" from CEOs of major DLT platforms or insurance innovation leaders.
Panels: Engage in critical discussions such as "Blockchain in Insurance: Scaling Pilots to Production - Overcoming Hurdles in Regulation, Interoperability, and Cost" featuring Insurtech founders, Regulators, Reinsurance Execs, and Technologists.
Use Case Presentations: Learn from real-world implementations, for example: "Parametric Hurricane Insurance on the Blockchain - Lessons from the Caribbean Pilot" shared by project leads.
In the Executive Deal Rooms Collaboration Catalyst
Facilitated Meetings: Structure concrete deals. Example: An Insurtech CEO/CTO pitches a DLT-based captive management platform to a Corporate Risk Manager and a Fintech/Insurtech Venture Capitalist, aiming for pilot partnerships and seed funding.
Within the Interactive Living Labs Integrated Solution Showcase
See DTP Converge
Experience DTP working in tandem with other pillars in labs like:
- Lab 1 Parametric Climate: DTP provides the smart contract execution layer for automated payouts based on DDE data and EAI predictions, linked to ESG resilience metrics.
- Lab 2 Green Asset Verification: DTP provides the immutable registry check for verifying green certifications, feeding into EAI scoring and ESG outcomes.
During Regulatory & Standards Dialogues Framework Forum
Focused Discussions: Address critical governance and standardization questions:
- How can regulators effectively supervise DAOs offering insurance?
- What are acceptable smart contract auditing standards for consumer protection?
- How does DLT interact with existing cross-border insurance regulations?
Why DTP Matters for Insurance
- Enhanced Trust & Transparency: Immutable records reduce disputes and build confidence.
- Increased Efficiency: Smart contracts automate complex processes like claims payouts.
- New Product Innovation: Enables parametric insurance, microinsurance, and new mutual models (DAOs).
- Improved Security & Identity: DIDs offer secure, user-controlled identity verification.
- Streamlined Compliance: Potential for more transparent and efficient regulatory reporting.
Our Trusted Partners
