Takasure 1.0 Whitepaper

Background
Why is conventional insurance not shariah-compliant?
Takaful Basics
Takaful operations and issues faced by Takaful operators
Takasure: Takaful as a DAO
Takasure vs. Takaful
Two Funds, Two Entities
Risk, Solvency and the Benefit Multiplier
Dynamic Underwriting and Risk Management
Absence of retakaful or reinsurance providers
Dynamic underwriting (aka Takawriting): A closer look
Risk and the Benefit Multiplier (BM)
Individual risk and the Base Benefit Multiplier (B.BM)
Takawriting and its impact on the insured
Takasure Tokenomics and Membership
Redeem/burn tokens, exit the DAO
Trading tokens before contract maturity
Insurance Smart Contracts

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Insurance Smart Contracts

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Last updated 1 year ago

Insurance Smart Contracts

Elements of a smart contract

Validity dates
Asset to be insured (NFT)
Roles: Underwriter, Validator, Oracle, Approver
Benefit level

Assets to be insured

Current review of assets commonly insured under takaful contracts
Validity dates based on asset type

Insurance Smart Contracts
Elements of a smart contract
Assets to be insured