【金融高端论坛】第122期

主 题：A Theory of Decentralized Insurance

主讲人: 冯润桓（美国伊利诺伊大学香槟分校终身教授）

时 间：2021-06-29 10:00

地 点：线上腾讯会议

语 言：英文

腾讯会议 ID: 410 333 125

讲座摘要：

Insurance is no exception to the decentralization movement in finance industry brought by Blockchain technology. This paper develops a framework of decentralized insurance that jointly incorporates the forms of centralized insurance-underwriting and decentralized peer-risk-sharing. Existing insurance models, including the conventional insurance and new forms of decentralized insurance arising from insurance industry can be placed on a spectrum of decentralization. We study the equilibrium under the decentralized insurance model for participants of heterogeneous risk types with the existence of risk-neutral insurer under both asymmetric and symmetric information settings. In general, the equilibrium can be reached and we characterize the optimal degree of decentralization that varies across different risk types. We further explore the market equilibrium with consideration of risk-averse insurer.

报告人简介：                                       

冯润桓先生是美国伊利诺伊大学香槟分校终身教授，State Farm 保险集团讲席学者，精算专业主任。北美精算协会高级精算师（FSA）、注册企业风险分析师（CERA）。现担任北美精算师协会教育与科研组委员会副主席。主要研究领域为破产理论、投连险、养老规划、保险科技创新。先后为德国慕尼黑科技大学客座教授，斯坦福大学访问教授。

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