1. P2P Critical Illness Insurance on Blockchain/Smart contract
How decentralized solutions bring transparency
into health insurance

2. PROBLEM
Inefficiencies
The fast administration of Claims is not only a legal obligation of an insurance firm, but a strong public relations and marketing strategy.
The problem of running an effective claims administration has remained too long in the insurance industry.

3. 14 Insurance is expensive and lacks transparency
PROBLEM
Insurance is expensive and lacks transparency
Insurers are less trusted commercials in the world ever
Customers satisfied with current communications from insurer
High transaction cost and commission makes insurance not affordable
only 14 %

4. SOLUTION
P2P (peer-to-peer)
Idea to make insurance easier and more affordable for customers
In the event of bigger claims, Sberbank Life Insurance company covers any amount that exceeds the coverage through the group
Use shareconomy approach to create pool of customers for protection against cancer

5. BlockChain/Smart contracts
SOLUTION
BlockChain/Smart contracts
Blockchain can improve customer engagement by providing a greater degree of transparency
Blockchain can explain the structure of tariffs and claims’ handling
Blockchain can enable the automation of claims’ handling
Blockchain can reduce operation costs

6. WHY CANCER of total cancer cost are non-medical
SOLUTION
WHY CANCER
of total cancer cost are non-medical
No specific underwriting required
Low risk of fraud
Great social impact and customer protection
Many basic health insurance plans don’t cover astronomical costs that could be associated with its treatment of a cancer diagnosis

7. How we managed MVP

8. SmartContract triggered
BlockChain
MVP
SberCoin
SmartContract Initiation
SmartContract triggered
Coins to Wallet
Visual P2P Image
Blockchain p2p visualization
Client

9. SmartContract triggered
BlockChain
and Classic Claim Management in parallel
SberCoin
SmartContract Initiation
SmartContract triggered
Coins to Wallet
Visual P2P Image
blockchain p2p visualization
Old fashioned policy
Claim reviewed
Claim approved
Bank
classical claim management
(in tribute to regulations)
Payment
Smart Contract Oracle (Current Solution)
Client

10. SmartContract triggered
BlockChain
Future
SberCoin
SmartContract Initiation
SmartContract triggered
Coins to Wallet
Visual P2P Image
Client
Payment
Smart Contract Oracle connected to HCM Database

11. TREE OF LIFE
insurance visualization

12. TREE OF LIFE Tree is symbol of Sberbank Life Insurance
insurance visualization
Tree is symbol of Sberbank Life Insurance
Tree is symbol of Sberbank Life Insurance

13. TREE OF LIFE Every client/policy is a new leaf on this tree
insurance visualization
Every client/policy is a new leaf on this tree
Tree is symbol of Sberbank Life Insurance

14. TREE OF LIFE Leaves arranged into branches by company or city
insurance visualization
Every client/policy is a new leaf on this tree
Tree is symbol of Sberbank Life Insurance

15. TREE OF LIFE When shit cancer happens with any leaf it fades black
insurance visualization
When shit cancer happens with any leaf it fades black

16. TREE OF LIFE When shit cancer happens with any leaf it fades black
insurance visualization
When shit cancer happens with any leaf it fades black
Other leaves from the same branch or nearest branches send “energy of life” to support faded leaf

17. TREE OF LIFE When shit cancer happens with any leaf it fades black
insurance visualization
When shit cancer happens with any leaf it fades black
Other leaves from the same branch or nearest branches send “energy of life” to support faded leaf
Black leaf could send big “Thank you” back

18. TREE OF LIFE When shit cancer happens with any leaf it fades black
insurance visualization
When shit cancer happens with any leaf it fades black
Other leaves from the same branch or nearest branches send “energy of life” to support faded leaf
Black leaf could send big “Thank you” back
Statistics of collected premiums, paid claims and reasons (unnamed diagnosis) are clearly shown on the tree

19. MVP RESULTS Fully transparent solution - Fully transparent tariffs
P2P Insurance online infographics is comprehendible even for newcomers
Provide new experience and engagement for users within the old industry like insurance
New touch to such matters as: cancer, health protection and charity

20. 1 Claim management FUTURE from diagnosis to money in the pocket:
millisecond
from diagnosis to money in the pocket:
Fully automated integration with Russian Healthcare Ministry database
Insurance payment at the same moment as the diagnosis is confirmed

21. Charity
If there will be no claims submitted annually by Sberbank pilot customers, pool members will select either to continue their policy or to contribute to the fund that fights with child cancer.
The process of charity fund selection will also be transparent thanks to BlockChain/Smart contracts mechanisms.

22. SPASIBO!
March 2017
Moscow