Abstract
The adoption of 3D printing poses considerable liability risk to digital designers and fabricators. Traditionally, liability insurance is considered a crucial way for parties to shift their risk. However, in the context of 3D printing, uninsurability may serve as an obstacle for risk shifting. The main interest of this article is twofold. On the one hand, it sketches the extent to which risk can be unforeseeable (and thus uninsurable) in the context of 3D printing when legal uncertainties and the existence of adverse selection and moral hazard are considered. On the other hand, by reviewing various instruments, it offers potential solutions for reducing the uninsurability problem. Specific emphasis is given to applying InsurTechs, especially blockchain technology, to improve insurability and to identify the problems that will constrain the promotion of InsurTech in the context of 3D printing.
| Original language | English |
|---|---|
| Pages (from-to) | 482-507 |
| Number of pages | 26 |
| Journal | Geneva Papers on Risk and Insurance: Issues and Practice |
| Volume | 45 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 1 Jul 2020 |
Bibliographical note
AcknowledgementsThis paper was presented in the 18th Joint Seminar of the European Association of Law and Economics and the Geneva Association. The authors would like to thank Pierpaolo Marano, the organisers and participants of the Joint Seminar, as well as the editors and two anonymous reviewers for their helpful comments.
Publisher Copyright: © 2020, The Geneva Association.