# The Takadao technology stack

The primary operations of a conventional insurance company are the following: 

* Underwriting and risk management - Pricing of premiums, reserving, cash flow management and related
* Claims management - Adjudicating and adjusting claims and benefit payouts
* Investment management - Investing funds to grow reserves
* Sales and customer service

Takadao builds the technology to power mutual protection DAOs (tDAOs) that are alternatives to insurance companies. To replace the core functions of the insurance company, Takadao has built the following technology stack: 

* Risk management algorithm
* Membership and payment management 
* Decentralized payout management and the Verifier Incentive Program
* Web User Interface (UI) to enable members to interact with the DAO

Note that investment management is not currently in the scope of the Takadao technology stack. As asset management is a well-developed field in the web3 ecosystem, it is feasible for the tDAOs to engage third-party investment managers to fill this gap.

Takadao enables tDAOs to form around a variety of risks. The very first DAO that will be powered by Takadao, The LifeDAO, is a life insurance alternative. In the event of a member’s passing, their family will receive a payout based on the Takadao underwriting algorithm. 

As the world changes, new risks have emerged and old risks have intensified. The insurance industry is struggling to keep pace and that’s where mutual protection DAOs can fill the gap. Homeowners in wildfire prone areas are being canceled en masse. Homeowners in flood-prone areas suffer from the same insurance crisis. A whopping 4.5 billion people globally do not have medical insurance. Large swathes of the global south consider life insurance to be a luxury.

There are also unconventional risks that insurance companies avoid. Pet insurance, crypto insurance, insurance against bank failures above government-insured maximums and even alien abduction insurance are all possible with Takadao as the underlying technology, as long as there are enough people to form a community tDAO. 

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