For the last 100 years, innovation in the insurance industry has come down to who could make the funniest TV ad 🦎

With #web3 there is finally room for some REAL innovation in the insurance sector

A thread 👇 2/ Traditional insurance is fairly simple:

You acquire a policy which covers a specific type of loss (e.g. general or professional liability, worker’s comp, etc.), up to a designated limit.

You make payments, called premiums, at regular intervals to keep the policy active.