Example insurance products that can be built on top of DIVA Protocol
Users can use DIVA Protocol to create a wide range of insurance products. In an insurance, the insurance taker is paying a fee to transfer unwanted risks. The party accepting those risks in return for a fee payment is referred to as insurance seller. As opposed to betting, in an insurance the two parties involved have a preference for the same outcome (e.g., the house doesn't burn down).
This section gives a few examples of insurance products that can be created using DIVA Protocol.