I find a lot of the lingo that Ethereum uses to be crazy confusing. However the concept is appealing to distribute risk. It will only work though if there is an

I find a lot of the lingo that Ethereum uses to be crazy confusing. However the concept is appealing to distribute risk. It will only work though if there is an easily verifiable source of truth for what you are trying to distribute the risk for. For example if it was car insurance and you were trying to distribute accident risk there has to be a uniform and guaranteed way to say "this accident happened and it cost $5000". This is where the insurance company adjusters come in. You'd need infrastructure that isn't easily hacked that can guarantee a repair took place. However for life insurance this might be possible. I think you can verify death 100% (or maybe not since there is probably fraud there as well). Stuff like options on stocks and price can definitely be verified fairly easily.