Auto insurers typically use a generalized approach to determine premium prices, which can be unfair to drivers with good driving records. Hugo Feiler, CEO of Minima, suggests that Decentralized Personal Identification Numbers (DePINs) could offer a solution by allowing for more personalized insurance policies while ensuring data security.

Auto insurers take a blanket approach to setting premium prices, disadvantaging drivers with better records. DePINs can help individualize policies while keeping data secure, writes Hugo Feiler, CEO of Minima.

Decentralized Personal Identification Numbers (DePINs) Could Revolutionize Car Insurance