ZerO2Nature - DeToX the Planet


by Patrizia Tomasi-Bensik


In 1999, the Gramm-Leach-Bliley Act allowed all types of financial institutions, including insurers, to operate together, offering a fuller range of services to their clients. In 2001, the attack on the World Trade Center acted as a watershed in the insurance industry, which led to an exponential growth mainly due to the changing perspective of people regarding the terrorist threat.

Since last year, the insurtech neologism began to appear consistently in the press, designating the expected short- and medium-term technological innovations in the insurance industry.
According to data from the British Association of Insurers (ABI), investments in insurtech were US$197.1 million in 2013, US$556.5 million in 2014, reaching the US$1 billion mark in 2015. Although known for its conservatism and slow process of adopting innovations, the current disruption is widely known to its actors, who, in their own way, seek to answer a single question: "how to innovate in a traditional and mature industry?”

Among the various experiences that occur today, we have the most radical ones, such as the German company Friendsurance, which in 2010 implemented peer-to-peer insurance, up until Aviva's "The Garage", an informal environment where small groups test ideas and products that can bring quick, innovative and practical solutions to the parent company.

Another problem afflicting the insurance industry is its workforce. Insurers have done everything to attract college students who, as a rule, seek to work in more exciting work areas, where personal fulfillment is fundamental.

So let's see if the insurance industry is really ready to change.  What we can guarantee is that our system is absolutely revolutionary and, in addition to renewing their DNA, the insurers will have to invest heavily in their selection processes, because young people will not want to work in any other area.

DTX, the currency that changes the world and the insurance industry

Let's say that the Bayer factory in Rio de Janeiro is a customer of insurer X and that by the year 2018 it has to pay an insurance policy of €2 million. On the eve of closing the deal, Bayer receives a call from insurer Y, giving rise to the following dialogue:

Y: -Bayer Rio de Janeiro, instead of paying €2 million to cover your activities in 2018, you will invest about €200,000 in a project to withdraw and recycle your environmental liabilities.  This process will generate the alternative green currency DTUcoin (DTX) and you will pay the € 2 million policy with the generated DTX.

Bayer Rio de Janeiro: -What do you mean, Y? I invest in a project that will remove my negative emissions, which will allow me to communicate with my final consumer that I am a "green industry", I am going to generate this virtual currency, which as I understand, is a green bitcoin and with these DTX I'm going to pay my €2 million account? Or rather, with an investment of €200k, I implement a project that will literally create from my trash, your €2 million?

Y: Exactly. The market value of one DTX on November 3, 2017 is €58.9742 ( ).  You implement the project that, say, will generate 40,000 DTX.  You pay me with 33,913 DTX and still get 6,087 DTX or the equivalent of €358,976.00.  That is, with the €200k you will generate all the DTX you need to pay my premium and still generate an extra revenue of almost €360k.

In 2015, the "Property & Casualty" insurance segment in the US handled $519.8 billion among its 2,544 insurers.  Together, these companies had investments of around US$1.5 trillion in 2015, when they paid out a total of US$15.2 billion in claims.

It does not take much to understand that the insurer Y will have all the customers that it wants.

In addition, since the legislation of most countries permits the joint work of insurers and other financial institutions, there are numerous products that can be derived from the DTX fund and serve this new and exciting market, where the environmental liabilities of a productive cycle are transformed in the input of another cycle, generating enormous wealth in the process.

According to the 2017 US Property/Casualty Insurance Outlook, the strategic roadmap to drive profitable growth is:

  1. Focus on customer-driven innovation;
  2. Use technology to drive top-and bottom-line performance;
  3. Rethink strategies to attract, develop and retain talent.

ZerO2Nature.  Because the world is changing.