Takatalks
Takatalks: Stories of Financial Systems, Crypto, and the Islamic Economy
Join husband and wife duo, Morrad Irsane and Sharene Lee, the entrepreneurs behind the groundbreaking Web3 startup Takadao, as they guide you through engaging discussions on the pivotal pillars of the modern economy. Delve into the realms of finance, technology, and ethics, exploring the disruptive technologies and the principles underpinning Islamic finance. Through captivating conversations and thought-provoking interviews, we amplify diverse voices and perspectives, fostering a deeper understanding of global financial evolution.
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Takatalks
Is Centralization the Enemy to Fair Insurance?- Ahmad Imira
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Summary(Season 2, Ep5):
Leila and Ahmad discuss the importance of life insurance and the challenges in selling it. They compare conventional insurance, which has high costs and centralized control, to Takasure, a decentralized and transparent community-based fund. Takasure, owned by its members, uses smart contracts and algorithms to process claims and offers a fairer, cooperative insurance model.
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Takeaways:
- Life insurance is the most important insurance as it provides a safety net for individuals and their families.
- There is a fear towards insurance due to concerns about the trustworthiness of insurance companies and the complexity of insurance policies.
- The accessibility of insurance can be limited in certain areas, particularly if it is not economically viable for insurance companies.
- Claims management in conventional insurance is centralized and can involve conflicts of interest.
- Takasure is a decentralized and transparent alternative to conventional insurance.
- Takasure is a community-based fund that uses smart contracts and algorithms to calculate and approve claims.
- Takasure is owned by its members, who receive a benefit multiplier on their contributions and share in any surplus of the fund.
#insurance #life insurance #reinsurance #conventional insurance #Takasure