ICO Aigang

Autonomous insurance network - fully automated insurance for IoT devices and a platform for insurance innovation built around data.

The Aigang platform can contribution to the insurance industry by adapting prediction markets to insurance pools. Members will appraise products launched on the Aigang insurance protocol. We are crowdsourcing actuarial work. This is a framework to improve the accuracy of risk assessment and policy viability. Insurers will create tokens about the likelihood of events, then use the price that emerges to assess the viability of that insurance product.

Our PMs will deal with these aspects of the insurance pool:

• Capital PM Predicts how much capital (free reserves) will be raised to support the pool
• Premium PM Predicts the size of the premium the pool will amass
• Profitability PM Predicts the loss ratio or some other profitability measure of the pool

Insurers will use PMs to estimate pool sizes. What kinds of climate change insurance will have the lowest loss ratios? Are single event horseriding policies more viable than annual policies?