How Microinsurance Works - Panel Discussion with Chainlink, Verso Finance and Ensuro

In this panel discussion episode of The Human & Machine, the panelists discuss about what microinsurance is in the blockchain industry, how it differs from traditional insurance, and what we can expect from it in the future.

Gregor Arn (CEO of Verso Finance), William Herkelrath (Managing Director of Chainlink Labs), and Marco Mirabella (Founder and CEO of Ensuro) joined The Human & Machine to talk about the current status of microinsurance and how their companies are providing innovative solutions to the growing market.

Verso is a distribution engine for financial products, specifically built for the regulated financial service industry. It connects DeFi with traditional finance and enables it to reach millions of users across the world through partnering e-wallets and digital banks.

Chainlink is the world's foremost oracle network; connecting the world of on-chain smart contracts to real-world data and legacy processes.

Ensuro is a decentralized capital provider for insurance risk. It aims to be the first decentralized, fully licensed insurer, bringing the DeFi revolution one step ahead.

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Connect with Verso Finance:

Connect with Chainlink Labs:

Connect with Ensuro:

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About the Guest

Gregor Arn is an evangelist for inclusive financial services and a passionate Fintech entrepreneur with a focus on emerging markets. He launched the first social payments app in the Philippines prior to starting Wallet Engine, a Singapore-based wallet-as-a-service provider that powers embedded finance in cross-border apps. He is a founding partner of Verso, whose mission is to enable wallet providers and banks to bring meaningful microfinance products to their customers.

William has worked in Fintech for more than 20 years, and specialized in blockchain applications since 2017. He has been involved as an early executive hire at 4 different start-ups that went on to be acquired by major global firms. In his current role William focuses on curating and building new market opportunities for the growing Chainlink network, including the fast-expanding on-chain parametric insurance industry.

Marco Mirabella is the founder and CEO of Ensuro. He was the Chief Strategy Officer for BigGo, the biggest price comparison in SEA. Before that, he founded a blockchain company called Cartesi and worked as an investment analyst for SOSV, a 1b USD VC fund.

About the Co-Hosts

Tlahui Calva, aka The Human
Tlahui is a man in love with words and blockchain. His storytelling and passion to communicate led him to co-host The Human & Machine, a podcast and YouTube channel. Where he rightfully plays the role of an average minded Human trying to understand and explain in layman terms, the lingo and complexities thrown at him by The Machine, his heartless, yet brilliant co-host.

Hikaru Kasai, aka The Machine
Hikaru is a blockchain lover with a weakness for cooking. His outstanding understanding and experience in blockchain technologies, plus his unhuman work ethic have earned him the nickname of The Machine. In the show he plays the role of a hybrid, all-knowing-robot that goes out of his way to explain blockchain concepts to The Human while trying not to lose faith in humanity.

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Check out the timestamps below:

00:00 [Introduction]
01:03 [Guest Intro]
04:17 [Traditional Insurance vs. Microinsurance]
08:30 [Ensuro and Microinsurance]
10:46 [About Chainlink]
14:20 [What Microinsurance Can Do That Traditional Ones Can’t]
18:42 [Challenges of Microinsurance]
26:22 [Most Difficult Event To Be Verified by Chainlink]
27:54 [In-demand Microinsurance]
31:21 [Regulations in Microinsurance]
33:18 [How Chainlink Data Oracle Works]
36:15 [Verso and Oracles]
43:52 [Microinsurance Apps]
49:00 [Future of Microinsurance]
56:10 [Takeaway]

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|| FULL DISCLAIMER ||

This content is for entertainment purposes only. Any content or information published by The Human & Machine should NOT be considered financial advice nor a solicitation or encouragement to purchase or invest in any project. The message contained in the content shall not be considered a validation or due diligence result of the project. Do your own research.

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Follow Us on Social Media!

[mimimeo]

Wow the idea that oracles can take the data into the blockchain is insane!!

[lostinthemook]

This is my first time hearing about micro insurance. Very interesting topic and discussion. Looking forward for more video on this topic

[cryptobangkok]

Wow so with micro insurance, you can reduce the cost of insurance products and give more accessibility to more people. This is way so much more better than the traditional insurance

[nestorfuentes]

Microinsurance is a great news for all of us! This is full of benefits! I wanted to know more about these stuffs ❤️

[johndee]

This is full of great news! I’m looking forward for this Microinsurance stuffs ❤️

[carlbrianangelodominguez]

This is amazing! A Micro Insurance where in a notmal or a typcial provider like these vurrent traditional finance cannot gurantee you. Awesome!

[stmst]

Micro insurance sounds so much better that the Traditional insurance

[georgewilson]

I haven’t heard about micro insurance before but this video helps thanks a lot! Still doing my own research for this! ❤️

[carlbrianangelodominguez]

A very fun segment about windows hehe 😊

[cryptodoctor]

Cant seem to understand how this even integrates with blockchain but Chainlink is really changing shit they will do another 100x

[hunger]

Indeed this is a great discussion about micro insurance tho I am not that good with finances but this discussion gives me more idea about it! 👌🏻

[dominickylerivera]

Will will verso transfer to chainlink mainnet?

[BirLOnAVAX]

please also talk about defi's interaction with e-wallets at your next meeting.

[imongmama]

Micro Insurance in crypto? Why not?! LGF