article thumbnail

Blockchain Could Make the Insurance Industry Much More Transparent

Harvard Business Review

In effect, they all had skin in the game, which remains one of the most elusive elements of modern finance. In 2015 these top three players generated 48% of the revenues among the top 50 brokers in the U.S. In the risk transfer process, at its simplest level, size does not matter.

article thumbnail

6 Reasons Platforms Fail

Harvard Business Review

For years Apple’s market penetration hung in the single digits. But by early 2015 they stopped accepting new submissions to their open market and discontinued their API support for external developers. Before the iPhone launched in 2007, HP dominated the handheld calculator space for science and finance.