Virtual Event
June 8-10, 2021
Learn More and Register to Attend
Back To Schedule
Wednesday, June 9 • 10:10 - 10:40
Ricardian Insurance Risk Transformation Language - Vipin Bharathan, DLT.NYC & Kirthi Kurra, Civitas Fintech

Sign up or log in to save this to your schedule, view media, leave feedback and see who's attending!

Feedback form is now closed.

Today distribution of contract information in the reinsurance space is via email, paper and pdf. These legacy practices prevent straight through processing of information adding cost, duplication and drag to the insurance value chain. Our proposal highlights the need for Ricardian contract structure in reinsurance. We discuss how the form allows a contract to move from the world of law, through the world of cryptography and into the world of accountancy. We articulate how Insurance risk transformation (Transformer: Vehicles) can deliver capital efficiently to Carriers, and ring fence it using UK HM Treasury design principles. We strive to ease flow of capital, improve transparency and efficiency by the incorporating Ricardian insurance risk transformation (RIRT) in Hyperledger. A new lab is being constituted under Hyperledger banner, to be live by June 2021.

avatar for Kirthi K

Kirthi K

Block Chain Solutions Architect, Civitas Fintech
I specialise in systematic problem solving using Operational Research methodologies. I am comfortable working in Capital Markets, (Re)Insurance and Energy Sector. I assess value chains and operating models to derive baseline capability cost and help organisations optimise their expense... Read More →
avatar for Vipin Bharathan

Vipin Bharathan

Technical Strategist, DLT.nyc
Vipin Bharathan has experience as a developer in many different domains, including insurance, embedded systems programming, cryptography, payment systems, media, fx trading and debt capital markets. Vipin is currently working with the Digital Currency Global Initiative (DCGI), an... Read More →

Wednesday June 9, 2021 10:10 - 10:40 CEST
Virtual 2