Ryskex Inc, a blockchain-based ecosystem for alternative risk transfer and insurance, has welcomed Yue Yin, a PhD student from the University of Connecticut, to its Analytics and Intelligence department. Yin will participate as part of her Talentbridge23 program. This is her 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 backed by Nassau Financial Group.
Ryskex’s digital platform makes it difficult for a global network of investors to insure against emerging and systemic risks. Insured persons can also use parametric risk transfer solutions to find suitable coverage and hedge risks as securitized intangible assets. These can be transacted transparently and securely using blockchain technology.
Yin and the company’s joint work will focus on forecasting the impacts of climate change and other systemic risks such as pandemics, cyber-attacks and political instability as a basis for developing parametric risk transfer solutions.