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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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Risk and the Benefit Multiplier (BM)

PreviousDynamic underwriting (aka Takawriting): A closer lookNextIndividual risk and the Base Benefit Multiplier (B.BM)

Last updated 1 year ago

There are two categories of risk that affect a claim payout, individual risk and portfolio risk. From a customer’s perspective, consider individual risk as being the risk of I, the customer, passing away; and portfolio risk as the risk of other people passing away.

The benefit payout in the event of a successful claim is calculated as follows:

Benefit payout

=

Base Benefit Multiplier (B.BM)

x

Benefit Multiplier Adjuster (BM.A)

x

Individual Contributions (Token holdings)