The traditional insurance claims process is often seen as cumbersome and time-consuming, but in the Web3 era, this situation is expected to undergo a revolutionary change. WalletConnect is exploring an innovative pathway by integrating "parametric/behavior-triggered" microinsurance as a connective layer capability, fundamentally transforming the user experience.

This new insurance model transforms the claims process from post-event appeals to a seamless experience of "event occurrence, automatic verification, and instant payment." Imagine, when you encounter a flight delay, there’s no need to fill out cumbersome forms. Your travel app binds the itinerary through the wallet, and once the delay is confirmed by a trusted node or oracle, the session snapshot of WalletConnect serves as an authorization credential, triggering automatic compensation.

Similarly, in the case of concert exits or performance cancellations, ticketing and entry sessions can prove your ticket holding and non-entry status, thereby automatically initiating the refund or compensation process. In the DeFi space, this insurance model shows even greater potential. When your wallet faces large authorizations or abnormal withdrawals from malicious contracts, a pre-purchased micro-insurance policy can provide compensation according to preset rules after verifying the abnormal session, or trigger emergency rollback/redeem operations.

For hardware wallet users, if the device is deemed "missing" and verified through multiple channels, the insurance mechanism can automatically provide compensation to the beneficiaries or initiate a recovery process. This instant claims model not only improves efficiency but also greatly enhances user trust.

The reason WalletConnect plays a key role in this innovation lies in its robust technological foundation. Features such as session snapshots, domain validation, and node signatures are areas of expertise for WalletConnect, enabling it to transform "what has happened" into verifiable data. This capability provides solid technical support for the automation and immediacy of insurance claims.

With the continuous development of Web3 technology, we can foresee that this instant claim model will gradually expand to more areas. It not only simplifies the claims process but, more importantly, provides users with a more efficient and transparent protection experience. This innovation is likely to become an important driving force in pushing the entire insurance industry towards digitalization and intelligence.