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CoInsure Blockchain

Future of Decentralized Insurance

CoInsureBlock ’is a next generation of peer-to-peer insurance based on social proof endorsements, fully harnessing the power of blockchain innovation. It aims to become the world’s first insurance service offering trust to members of the crypto community when transacting products and services. We all heard about shared economy: people sharing cars, home, bikes, even wi-fi. But why can’t we share our risks and protect each other without insurance companies. We have to pay lots of money because only insurance companies have algorithms for risk assessment, technology and resources.

1.3
1 0 expert ratings
Benchy 1.3
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Unknown
Token
CIB
PreICO Price
1 ETH = 12766 CIB
Price
1 CIB = 1 USD
Bonus
Available
Platform
Accepting
ETH
Soft cap
5,000,000 USD
Hard cap
21,000,000 USD
Country
UK
Whitelist/KYC
None
Restricted areas
None
More on ICO
Report

About CoInsure Blockchain

Blockchain, or distributed ledger technology, has quickly become a fixation in the financial services industry as a result of its potential to revolutionize and transform our thinking about data sharing and security. In considering the technology, senior business and IT leaders at property and casualty (P&C) companies must balance their natural skepticism about “next big thing” trends with a clear recognition of both the largescale impacts and significant upside.

After all, it’s not hype to say that the value creation opportunity is huge and the possibilities of future applications are many. Similarly, it’s not hard to see how distributed, secure, peer-to-peer ledgers — the mysterious and exotic-sounding technology behind blockchain — may one day be as common in the insurance industry as Structured Query Language (SQL) databases. Blockchain has the potential to evolve into a core, underlying element in the technology “stacks” of most P&C carriers, supporting a diverse range of processes and part of your company’s future technology “plumbing.”

P&C executives must also keep in mind that these are still very early days. Blockchain in 2016 is roughly where the World Wide Web was in 1996 — on the radar of forward-thinking companies, but still a long way from adoption at scale. Therefore, the question for most P&C companies is not whether they will adopt blockchain, but rather what and how to start testing and proving out the value proposition.

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