InsureX - Secure Market Share For The First Blockchain-based Insurance System [PRE-ICO]

ade-andrian (40)in #crypto-news • 7 years ago

What is InsureX?

InsureX is a market created for the insurance sector and empowered by blockchain where insurance and reinsurance companies can connect and trade insurance products.

Why is your technology valuable?

Currently the process in the insurance sector is very inefficient, expensive and prone to error. This is because a lot of work is done manually with many intermediaries in addition to the large amount of documentation passed between the two parties.

InsureX solves this problem by providing a fast, reliable and direct way for market participants to do business together. Our platform will support their end-to-end secure processes and reduce their overall costs.

Who will use InsureX?

InsureX primarily targets insurance and reinsurance providers. There will be a possibility for brokers to interact with InsureX and provide specialist services.

What is IXT?

The InsureX Token (IXT) will supply the InsureX market. We will offer IXT in our upcoming crowdsale.

What will be used for IXT?

IXT will be used to pay transaction fees and services offered by the platform.

Is IXT ERC20 appropriate?

Yes, IXT is compatible with ERC20 which means it is compatible with all ethereum-based wallets.

How many tokens are issued?

The total number of tokens we will issue is 130,000,000.

What currency is accepted in crowdsale?

We only accept ETH during crowds. If you want to participate but have other currencies such as BTC, you must redeem it with ETH first.

How do I get in touch with InsureX?

You can contact us through our community channel on Twitter, Facebook, LinkedIn or Slack.

Business plan summary

Introduction

InsureX creates an alternative market for insurance products.

Our goal is to change the way market trading and managing insurance products. We launch crowdsale for IXT, tokens Insurance Market Today The insurance market reaches $ 3.92 trillion or 5.7 percent of global economic output Introduction Estimates show that this is the volume of gross premium generated by insurance companies around the world By 2015. The Insurance Insurance Association of England estimates the value of assets managed by the insurer Company at $ 2.032 trillion. In the UK, 305,500 people are employed in the industry. London is the capital of the global insurance market in Europe with a long history as a market for all Types of insurance Insurance is traded in the traditional way, often manually and with some layer intermediaries. The inefficiency has resulted in most major insurance institutions interested An interest in blockchain technology in the hope of providing a slimmer modern alternative.

Problem

Most insurance is traded through third parties such as brokers and other intermediaries. This adds cost, time and The complexity of the process. It should be noted that the broker can fill an important function in the market, For example when the insurance is restructured to fit the needs of the reinsurer.

The entire insurance industry has not adopted or embraced new technologies to meet demand New products and increasing concerns about data privacy. Increased competition and deep change Consumer behavior moves them in this direction.

The insurance process that manages risks, premiums and claims usually involves significant data exchange Among some parties Today, various parties will keep a copy of their own data, and process it Individually. This makes it difficult to sync and collaborate through a shared process.

Business model

InsureX charges commissions on executed transactions on the market and an annual subscription For membership As the InsureX community grows, transaction volume will increase and new products And the service will be available. By using blockchain technology, the market will appeal to anyone.

Platform InsureX

The InsureX market is primarily for institutions such as insurance, reinsurance and brokers. The joint participants directly produce an efficient, cost-effective, and transparent market.