From Blockchain Dreams to Lloyds License: Unveiling Web3 Insurance
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One thing is always true: It’s extremely hard to become a trailblazer on unknown grounds. But it’s even harder to discover new roads on a few-hundred-years pavement like Insurance. In this week’s Tech Leaders’ Intel, we meet with Ben Davis, Head of Web3 at Superscript, the first UK Insuretech broker licensed by Lloyds that launched its crypto product to the world. Ben is passionate about the Web3, and for those unfamiliar with it, Web3 is a series of open-source and interconnected decentralized applications powered by blockchain computing architecture. Web3 is currently the most segregated insurance industry and the hardest industry to find insurance in, especially within the tech sphere. During our conversation, Ben details about being a Lloyds licensed broker, the general idea behind it and how the decision came to be. He talks us through his story of moving to the UK and all the obstacles he went through to uncover his passion with the blockchain. He also brings out the story of the Big Short movie and the relatability of it to his earlier experiences within the insurance industry. Together, we go through topics of: How to develop a person to fit the perfect teamThe difference between overwhelming people and challenging projectsThe approach of throwing people in at the deep endHow they run Business as Usual while still pushing forward with innovationThe importance of Data and technology to nurture the growth and analyse risksGiving the freedom to your team members to suggests innovations of current solutions...and much more! Dive into the world of crypto-insurance with us and Ben and discover the potential of out-of-the-box solutions now!
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