Design Of Digital Asset Insurance Product

Currently,China’s economic development has entered a new stage,and the digital economy has become a key driving force for economic and social development.In the era of digital economy,digital assets are the most important and crucial factor of production.As a special type of digital assets,NFT(Non Fungible Tokens)investment has become the focus of attention around the world.The concept of "meta universe" emerged in 2021 and quickly became popular around the world,with a strong momentum of development leading to the rapid development of NFT.However,the rapid expansion of the NFT market has also attracted the attention of some illegal elements.The use of encrypted wallets does not represent absolute security,and there are not a few cases of stealing encrypted digital assets.The frequent occurrence of theft incidents has seriously affected the confidence of investors and hindered the development of the NFT market.With the marketing of Meta Universe and the continuous launch of digital collections by large factories represented by Alibaba and Tencent,the scale of the digital collection market has developed rapidly in China.Although NFT has significantly increased its market size in China,almost all digital collections in China have not purchased insurance,which clearly exposes the extreme lack of relevant insurance in China.There are no relevant insurance products available in China,let alone personalized insurance policies for customers.Therefore,this article attempts to study the value sources of China’s digital collections to build valuation models for value estimation,conduct a detailed analysis of China’s existing property insurance products,virtual asset insurance products,and art insurance products,and compare them with foreign related products,using some actuarial principles and selecting appropriate pricing models,After quantifying the risks of each insurance link,three insurance products were designed for different customer types.I hope to fill the gap in the insurance of digital collections in China,provide further protection for digital collections through insurance,and promote the healthy development of the digital collection market.The research idea of this article first defines the concept of NFT by combing relevant research on digital assets,NFT,and property insurance pricing,starting with the relevant concepts of digital assets,virtual assets,and artwork;Collected and analyzed the existing pricing methods of virtual asset insurance,artwork insurance,and physical asset insurance in the market,briefly introduced the relevant basic theories,and then determined the pricing theory applicable to NFT protection insurance;Secondly,it introduces the development history,current situation,and application scenarios of NFT,and carries out risk analysis.Then,it explains the development opportunities and necessity of NFT guarantee insurance from the perspective of the demand and feasibility analysis of NFT insurance products;Furthermore,by drawing on existing relevant insurance and international experience,predicting target customer groups,and following general insurance principles,attempting to design product terms,identifying the subject matter of the insurance,the policyholder,the insurer,the insurance liability,the insurance period,etc.,this paper discusses the value influencing factors of NFT and conducts insurance product promotion design;Then,based on the option pricing model considering dividend factors,the specific rate is calculated,and the degree of fit is measured;Finally,summarize the research conclusions,propose countermeasures and suggestions,and make research prospects.