Volume 10, Number 13, October 2020

Smart Insurance Contract against Political Risks: Definitions and General Reflections

  Authors

Remy Zgraggen, University Oldenburg, Switzerland

  Abstract

The present research article shall outline how blockchain technology could be combined with insurance solutions against political risks. Through the definitions and the characterization of the key concepts of traditional insurance law and blockchain technology using case examples of specific political risks, it will be shown, how the insurance coverage of political risks could be achieved through smart insurance contracts in the future.

  Keywords

Political Risk Insurance, Smart Insurance Contract, Blockchain, Insurance Principle, Insurance Law, Insured Event.