Table of Content

1. Flights Cancelation Over Strike Action Brings New Opportunities


2. Developmnet of Blockchain in Travel Inconvenience Insurance

2.1 Blockchain Technology Speeds up Travel Inconvenience Insurance Process

2.2 Advantages of Blockchain Platform Adoption

2.3 Application of Blockchain Technology in Taiwan’s Travel Inconvenience Insurance

3.Opportunities and Challenges of Blockchain in Insurance

3.1 Blockchain-powered Travel Insurance Packages Only Differs in Amount of Compensation based on Delay Time

3.2 Blockchain Will be Applied to Other Types of Insurance

3.3 Trusted Data Sources Key to Widespread Adoption

MIC Perspective

Appendix

Glossary of Terms

List of Companies

List of Tables

Table 1: Travel Inconvenience Insurance Package of Eight Major Insurers in Taiwan

List of Figures

Figure 1 Process Flow for Existing Travel Inconvenience Insurance

Figure 2 Comparison of Traditional and Blockchain-based Travel Inconvenience Insurance Process Flows

Figure 3 Advantages of Applying Blockchain to Travel Inconvenience Insurance



List of Tables


Background behind China Airlines’ flight cancelation over strike action, touching on possible opportunities

Development of blockchain in travel inconvenience insurance, touching on its advantages and applications

Opportunities and challenges brought by blockchain in the insurance industry