30 January 2023Analysis

Blockchain ART solutions provider Ryskex teams up with Connecticut PhD student

Blockchain-based ecosystem for alternative risk transfer and insurance Ryskex Inc has welcomed University of Connecticut PhD student Yue Yin to its Analytics and Intelligence department. Yin joins as part of the Talentbridge23 program, a six-month incubation program to “connect talent, innovation, and opportunity within the Hartford insurtech community”.

The program was launched this month by Nassau Re/Imagine, a community of corporate innovators, entrepreneurs, and industry thought leaders supported by Nassau Financial Group.

Ryskex’s digital platform allows a global network of investors to take on hard to insure emerging and systemic risks. It also enables insureds to find the appropriate coverage using a parametric risk transfer solution and hedge their risks as securitised intangible assets. These can be traded transparently and securely using blockchain technology.

Yin and the firm’s work together will focus on predicting climate change impacts and other systemic risks like pandemics, cyber-attacks and political unrest as a basis to develop parametric risk transfer solutions.

More on this story

17 August 2023   Marcus Schmalbach of Ryskex delves into how the black clouds surrounding Vesttoo might contain a silver lining in the form of increased interest in blockchain.
1 September 2022   Marcus Schmalbach, chief executive officer of Ryskex, reflects on a panel titled ‘Emerging Risks & Parametrics’ at the VCIA conference.
19 July 2022   Third office for insurance solution start-up.