Multi-agent based simulation of a smart insurance using Blockchain technology

Abstract

In this project, a smart insurance model based on mutual aid, sharing and full transparency is suggested. To develop this model, financial technologies can help. Actually, Blockchain, which is a new technology of data transmission, transparent and secure, has a great potential able to create an enormous progress in the financial sector, particularly for insurance companies. Combining this technology with smart contracts will surely enable them to save time, reduce costs and thus, give a better Customer Service. In this paper, we suggest as example of insurance, a model based on Takaful. For this purpose, we study the suggested model by analyzing the improvements given by blockchain and smart contracts technologies. Then, we analyze model performance to evaluate its impact in the context of different customers and insurance companies, through the software of complex systems simulation “Netlogo”.