January 19th, 2024

Tech

Insurance

Admin Ability to Create Risk Pockets, Pools & Projects

This is a major feature advancement to ensure that all decentralized admins are able to set up new Risk Pockets, Risk Pools, and Risk Projects.

A Risk Pocket allows an admin to set up the terms of a new risk and provide the necessary underwriting details to ensure a compliance and solvent insurance risk pocket.

A Risk Pool is a diversified group of risks that investors can provide capital for a portion of underlying premiums paid.

A Risk Project is the "shell" for either of these and is a flexible version that can evolve.