Potential, Risks, and Ethical Implications of Decentralized Insurance

This book provides a comprehensive and in-depth exploration of decentralized insurance, its impact on the insurance sector, its ethical implications, and its potential to transform the insurance industry. It explores the underlying technologies, such as blockchain, smart contracts, and DApps, that drive the decentralization of insurance services. Additionally, it examines various decentralized insurance models, including Peer-to-Peer, Parametric, and On-Demand Insurance, and their benefits and ethical considerations. It also addresses the challenges and opportunities for innovation and sustainability in the context of decentralized insurance. Its didactic approach, global perspective, and forward-looking vision will provide readers with valuable knowledge to grasp decentralized insurance’s complexities, potentials, and challenges, making it a valuable resource for academics, industry professionals, policymakers, and blockchain enthusiasts.

Nikita Singhal is an Associate Professor at IIMT University. Her area of specialization is Taxation, Insurance and Banking. She has published 2 books and five chapters and around 30 research papers in ABDC listed, Web of Science, and SCOPUS index journals. She is also a managing editor of the IJAST Journal of IIMT University. She completed her PhD from the Department of Commerce, Aligarh Muslim University, and was awarded JRF (Commerce) in 2013 and JRF (Management) in 2012.

Shikha Goyal is an Assistant Professor at Amity University. Her area of specialization is Taxation, Insurance and Banking. She has published around 20 research papers in ABDC listed, Web of Science, and SCOPUS index journals. She completed her PhD from ACCF, Amity University.

Tanmay Singhal is a fellow member of the Institute of Chartered Accountants of India and is working as a partner with a chartered accountancy firm M/s STM & Associates established in 1986. He is extensively exposed to audit & assurance, internal financial control, insurance risk assessment, secretarial compliances, tax planning, assessment, and other taxation matters.