Use Case Examination - Risk Securitization
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Use Case Examination - Risk Securitization
Monax is the company behind eris, an open platform for developers and devops to build, ship, and run
blockchain-based applications for business ecosystems.
Monax sells legally compliant smart contract-based SDKs and premium support to accelerate your time to market with sophisticated ecosystem applications.
What are blockchains, smart contracts, & ecosystem applications?
Blockchains
Event logsassumed to be operated
and ordered across multiple organizations
Who did what when
Data Assuranceacross organizations
For more information click here
Smart Contracts
Scriptsassumed to be operated
and verified acrossmultiple organizations
Who didwhathow
Process Assuranceacross organizations
For more information click here
Ecosystem Applications
Applications operatedby multiple organizations
The real paradigmshift
For more information click here
What is risk securitization?
Risk securitization seeks to encapsulate risk into a securitized instrument that can be bought and sold on
markets.
Risk securities use a risk index to value the security or a specified loss event and explicitly factor risk factors
into pricing of the instrument.
Risk securities allow us to leverage markets to insure big, complex events.
Catastrophe Bonds
Debt instrument meant to raise money in case of a catastrophe such as a hurricane or earthquake.
Resilience Bonds
Link catastrophe bonds with capital investments in resilient infrastructure
to reduce losses.
The ecosystem of resilience bonds
What problems do risk securitization systems need to address?
Authenticity & attribution costs
(is the data reliable?)
Reconciliation costs(is the data current?)
Coordination costs(humans to coordinate = $)
Problem...
Authenticity & attribution costs
(is the data reliable?)
Reconciliation costs(is the data current?)
Coordination costs(humans to coordinate = $)
Problem...
Chain of custody over data(is the data used by pricing
models accurate?)
Project Management(are the capital projects on
track?)
Super-organization focus(how will rebates work?)
Requirement...
Authenticity & attribution costs
(is the data reliable?)
Reconciliation costs(is the data current?)
Coordination costs(humans to coordinate = $)
Problem...
Chain of custody over data(is the data used by pricing
models accurate?)
Project Management(are the capital projects on
track?)
Super-organization focus(how will rebates work?)
Requirement...
Data Assuranceacross organizations
Process Assuranceacross organizations
New Opportunities to co-create value
Ecosystem Apps Provide...
Why are ecosystem applications a good fit for resiliency bonds?
Data Assuranceacross organizations
Process Assuranceacross organizations
New Opportunities to create value
Ecosystem Apps Provide...
Chain of custody over data(is the data used by pricing
models accurate?)
Project Management(are the capital projects on
track?)
Super-organization focus(how and when will rebates
flow?)
Requirement...
Data Assuranceacross organizations
Process Assuranceacross organizations
New Opportunities to create value
Ecosystem Apps Provide...
Fidelity over pricing model data, even in novel markets
End to end lens on resilient infrastructure processes
Optimize instrument’s objectives across
stakeholders
Benefit...
Chain of custody over data(is the data used by pricing
models accurate?)
Project Management(are the capital projects on
track?)
Super-organization focus(how and when will rebates
flow?)
Requirement...
What would a risk securitization ecosystem application look like?
Sample Network Architecture
Sample Application Architecture
Sample Operational Architecture
How could this ecosystem application move into production?
Educate
Value proposition clearMindset shift understood
Experiment
Explore viable use casesIdentify production path
Prototype
Remove scaffoldingExtend participants
Go Live!
Harden, harden, hardenGovernance framework
How can Monax help you build this, or another, ecosystem application?
Software Development Kits
Our SDKs allow your team to focus on your
application's true potential.
Addon Modules
We have a range of add-on modules for our SDKs providing turn-key
solutions for specific uses.
For more information click here
Support
Our support packages help teams reduce the
friction of building ecosystem applications that will resonate in the
marketplace.
Education
Every support package includes access to monthly learning
sessions with our industry-leading
engineering team.
For more information click here
Monax products recommendedfor this use case:
● eris: The Ecosystem Application Platform● Insurance SDK● Dual integration addon module● Business process modelling addon module● Claims management addon module● Catastrophe bonds addon module (Q2, 2017)● Parametric insurance addon module (Q2, 2017)● Insurance SDK Apache Camel plugin (Q3, 2017)● Enterprise package - Monax premium support &
education
Contact the Marmots!
Build your ecosystem applications with Monax
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