Operating System for the Binder
The execution layer for launching a new parametric product at Lloyd's — quote-to-payout on one source of truth, without disrupting the binder's existing systems. On-chain policy logic, seismic triggers and automated next-day payout. Bordereaux and capacity from one shared ledger. Risk capital stays with the carrier.
The Problem
Japan faces the world's most frequent and severe earthquake peril. A massive protection gap remains — and three operational blockers prevent even a parametric product from launching quickly.
1995 · Hanshin
~$100B
Mw 6.9
2011 · Tohoku
~$220B
Mw 9.0
2016 · Kumamoto
~$35B
Mw 7.0
2024 · Noto
~$10B
Mw 7.5
Sources: USGS/JMA (Mw); Cabinet Office of Japan, World Bank, Moody's RMS, Gallagher Re (economic & insured losses).
Japan
Annual average economic losses
$50–70B
APAC (excl. Japan)
Annual average economic losses
$300–400B
Hard to model, ambiguous triggers · severe accumulation for carriers.
Offline bordereaux, no live view · costly oversight, slow delegation.
Slow, unclear payouts · siloed, hand-reconciled data.
The Solution
Start with your next parametric launch — DeIn runs as the execution layer for that product, alongside your existing systems.
One Shared Ledger
Single Source of Truth — cedant, MGA & syndicate aligned
Delegated Authority Enforced in Code
Limits, triggers and terms run as code. No breach.
🏆 A quick-launch foundation for parametric products. · Built for Lloyd's delegated authority.
On-Chain, Built for New Launches
AI and Web2 overlays detect and advise on top of today's systems. For parametric catastrophe — irreversible payout, cross-border capital — detection isn't enough. The rail itself must change.
Not a marketplace matching capital to risk — an operating system the binder itself runs on. The same rail streamlines the back-office now, and shares catastrophe risk with alternative (ILS) capital next — next-generation ART.
Traction
Our first prototype (Japan earthquake parametric) is a working end-to-end stack, live on Ethereum Sepolia testnet, and the entry route is market-validated.
90%+
Manual work reduced
Bordereaux · Reporting tasks
Months→Weeks
Time to launch new product
From pricing to payout in code
Weeks→Real-time
Audit & reporting time
Monitoring · Audit · Reports
100%
One source of truth
Transparency & accuracy
Oct 2024
UTokyo Blockchain Innovation endowed-course project. Initial focus: retail insurance.
Dec 2024
Necessity 9/10 · Novelty 10/10 · Completeness 8/10. Only team of 17 (2024–2025) to score a perfect 10 on novelty.
Feb 2026
Full end-to-end product live on Ethereum Sepolia after 1+ year of build.
Mar 2026
Demos with UTokyo faculty, a Japanese Lloyd's syndicate parent and a Japanese insurtech. Selected the B2B route.
May 2026
✓ Bordereaux at source · ✓ Live accumulation & capacity view · ✓ Delegated authority enforced in code
From Mar 2026 · Lloyd's Lab Accelerator & Market Access
Reinsurance-market entry; Lloyd's broker-tech (Superscript) confirmed the opportunity. Direct relationships across the Lloyd's ecosystem — a major Japanese trading house's UK insurance arm and a leading Japanese non-life insurer's Lloyd's Lab Japan liaison.
Design Principles
Not features — the choices that make DeIn fundamentally different from any platform retrofitted from legacy systems.
Pricing curves, contract terms and underwriting rules live as versioned code, not PDFs and spreadsheets. Every change is traceable.
Why it matters — Cedants, syndicates and regulators read the same source of truth — no version conflicts between sales decks and operations manuals.
Every event-to-payout path is simulatable before the loss and verifiable after. Logic is exposed, not hidden inside black-box claims.
Why it matters — Counterparty trust is built before the catastrophe, not litigated after. Settlement disputes collapse from months to hours.
Pricing, policy logic, trigger and payout execution run on one coherent stack — not bolted together from separate vendor systems.
Why it matters — What gets quoted is exactly what gets executed. No drift between sales price, treaty wording, capacity allocation and payout calculation.
Roadmap
The same rail that automates Lloyd's back-office today scales to multi-peril and alternative capital tomorrow.
Phase 1 · Now
Back office fully automated from Day 1
Phase 2 · Next Step
Same infrastructure, new perils
Phase 3 · Future
Next-generation ART for systemic perils
Target Market · Japan
USD 1.5B–3B
¥200B–¥460B
Expansion (SOM) · Asia
USD 8B–15B
¥1.2T–¥2.3T
Vision (TAM) · Global
USD 50B–80B
¥7.5T–¥12T
Source: Swiss Re (2023 sigma), AON Reinsurance Solutions, RMS · *1USD = 150JPY
The Team
Actuarial & derivatives, payment engineering and data science & AI — mentored by the Endowed Chair for Blockchain Innovation, the University of Tokyo.
Product · Actuary
Amsterdam
Quant & IT at a major Japanese financial institution. Associate, Institute of Actuaries of Japan.
DeIn Role
Payment Engineering
Tokyo
Led payment system development at several major Japanese IT companies.
DeIn Role
Data Science & AI
Tokyo
Background in DX strategy and data science at major consulting and IT firms.
DeIn Role
Full-stack founding team — all three build from frontend to smart contracts, shipping DeIn end-to-end in-house.
Contact
The operating system for Lloyd's delegated authority — full stack live on Ethereum Sepolia testnet. First prototype: Japan earthquake parametric. We work with insurers, reinsurers, MGAs and underwriting partners.
Developed at the
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