In general, pool managers work as underwriters in the insurance ecosystem, forming contracts between insurer and policyholder. If a policy falls into default, the pool manager will also assist with the claim and payout processes. Detailed features include:
Implement one or more policies.
Set/change premium pricing for each policy.
For each insurance policy, define/adjust the collateral ratio.
Define or modify the collateral withdrawal lockup period.
Define/adjust the management fee (a percentage of the premium).
Define and change the withdrawal fee.
Propose payout - From the collateral pool, deduct a proposed payout amount.
In the event of an emergency, suspend the pool to safeguard the safety of the funds.