Swiss Re AG · SIX:SREN
Swiss Re — The Next Web, Swiss Re Institute Breakout Session 2023
22 slides from Swiss Re's conference presentation, Jun 13, 2023
Slide 1: How WEB3 could transform the insurance industry
It’s time to get concrete How WEB3 could transform the insurance industry The Next Web, Swiss Re Institute Breakout Session, Swiss Re Centre for Global Dialogue, Rüschlikon, 13 June 2023 Dr. Evangelos Avramakis, Lead Corporate Foresight, Insights & Development, Swiss Re Corporate Solutions, Zurich
Slide 2: Introduced 2010 / 2016 timeline
introduced 2010 1989 2010+ introduced 2016 5
Slide 3: Video Source: RTFKT Cryptokicks iRL Lookbook
Video Source: RTFKT Cryptokicks iRL Lookbook 6
Slide 4: Image Source: RTFKT Cryptokicks iRL Lookbook
Image Source: RTFKT Cryptokicks iRL Lookbook 8
Slide 5: Virtual Shoe Physical Shoe
Virtual Shoe Physical Shoe Cryptokicks iRL Adapt BB 2.0 (Lace Engine NFT needed, limited edition to 19k) (no physical shoe without the virtual one) Image Source: RTFKT Cryptokicks iRL Lookbook 9
Slide 6: Virtual Shoe Physical Shoe
Virtual Shoe Physical Shoe Cryptokicks iRL Cryptokicks iRL (Lace Engine NFT needed, limited edition to 19k) (no physical shoe without the virtual one) Nikeland: Virtual store in the metaverse on Roblox Nike: Traditional, physical (factory) store Nike: Crypto NFT store on Opensea Nike: Online (direct
Slide 7: Nikeland virtual store and Nike NFT store
Nikeland: Virtual store in the metaverse on Roblox Nike: Traditional, physical (factory) store Nike: Crypto NFT store on Opensea Nike: Online (direct to consumer) store on GOAT 10
Slide 8: Virtual & Physical RTFKT Community
Virtual & Physical RTFKT Community Video Source: RTFKT Cryptokicks iRL Lookbook 11 RTFKT CRYPTOKICKS iRL - YouTube
Slide 9: Metaverses – the building blocks
Metaverses – the building blocks Virtual World Physical World Metaverse “A digital twin* is a virtual replica of a physical system that can model, simulate, monitor, analyze, and constantly optimize the physical world.” * Capgemini (2022) DIGITAL TWINS: adding intelligence to the real world 13
Slide 10: Metaverses – the building blocks
Metaverses – the building blocks Virtual World Physical World Experience Applications Finance Technology 14
Slide 11: Metaverses – case Nike x RTFKT Cryptokicks iRL
Metaverses – case Nike x RTFKT Cryptokicks iRL Virtual World Physical World NIKE x RTKF community NIKE x RTKF community in the virtual world in the physical world Virtual Shoe Experience Physical Shoe on i.e. OpenSea on web shop i.e. GOAT Applications WEB3 Payments WEB2 Payments on i.e. Ethereum on
Slide 12: Metaverses – emerging and applied risks (use cases)
Metaverses – emerging and applied risks (use cases) Experience Applications Emerging Risks (virtual) Applied Risks (physical) Finance Technology 16
Slide 13: NFT Protection Crop Protection
Emerging Risks (virtual) Applied Risks (physical) B2C Case B2C Case WEB3 Emerging Risks WEB3 Applied Risks example Zurich Insurance example Etherisc NFT Protection Crop Protection 17
Slide 14: Metaverses – emerging and applied risks (use cases)
Metaverses – emerging and applied risks (use cases) Emerging Risks (virtual) Applied Risks (physical) Experience Identity Digital Native Insurance Applications Digital Asset Microinsurance Finance Transaction Parametric Insurance Technology WEB3 Governance 18
Slide 15: Consumer and Commercial Metaverse – what's the difference?
Consumer and Commercial Metaverse – what’s the difference? Consumer Commercial Business Business Entertainment, social Improving efficiency and Purpose interaction, and commerce productivity in industrial settings CustomerLarge and reaches a wider Limited to specific industries and Scale & Communiti
Slide 16: When can the WEB3 reach its full potential?
When can the WEB3 reach its full potential? ‘metaverse’ Customer setup & Communities Protocols Experiences & Applications new digital AND decentral trust in the + + + + Finance experiences physical entities metaverses Infrastructure (omniverses) Technology & providing new representation beyond inter
Slide 17: Why WEB3 could be a game-changer for future business
Why WEB3 could be a game-changer for future business Process Digital Identities − Static Equipment − Mobile Equipment − Infrastructure − Robots − Human workers Energy Machine − Utilities (i.e. Energy) − Processes − etc. Worker 21
Slide 18: Why WEB3 could be a game-changer for future end-to-end business
Why WEB3 could be a game-changer for future end-to-end business Downstream Midstream Upstream Mining Production Use Eastern EU Germany U.K. Data. Tools, Standards, Regulation, etc. Data. Tools, Standards, Regulation, etc. Transport Process Mobility Service Energy Material Energy Machine Energy Produ
Slide 19: Source: Pravici Loyalty Blockchain for MOBI Citopia
Source: Pravici Loyalty Blockchain for MOBI Citopia GC2 - YouTube https://apkpure.com/fr/citopia/mobi.dlt.citopia and MOBI-WP_V3.0.pdf (dlt.mobi) 23
Slide 20: Cryptokicks iRL WEB3 Applications
Back to the Future New Risk B2B / B2C Virtual + Physical Opportunities based on Mobility Cryptokicks iRL WEB3 Applications Mobility Service Virtual World Physical World Customer Experience in new dimensions “Emerging” “Applied” Risks Risks (virtual) (physical) Energy Product WEB3 Channel 24
Slide 21: The metaverse is here – Satya Nadella quote
“The metaverse is here, and it's not only transforming how we see the world but how we participate in it – from the factory floor to the meeting room.” Satya Nadella – CEO Microsoft 25
Slide 22: Thank you! Legal notice
Thank you! Legal notice Contact ©2023 Swiss Re. All rights reserved. You are not permitted to create any modifications or derivative works of this presentation or to use it for commercial or other public purposes without the prior written permission of Swiss Re. Dr. Evangelos Avramakis Lead Corporat
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