Risk shifting in the context of 3D printing: an insurability perspective

Michael Faure () and Shu Li ()
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Michael Faure: Maastricht University
Shu Li: Erasmus University Rotterdam

The Geneva Papers on Risk and Insurance - Issues and Practice, 2020, vol. 45, issue 3, No 5, 482-507

Abstract: 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.

Keywords: 3D printing; Product liability; Liability insurance; Insurability; InsurTechs (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1057/s41288-020-00164-9

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