Did you know that Global Risk Exchange is the first world’s blockchain based risk exchange marketplace? This has created more opportunities for investors in this sector as they can now safely access, trade and manages their risks seamlessly. It is quite important to understand the major roles of Global Risk Exchange as discussed below:
- Contract designers
This is a group of experienced experts also known as product managers of real world insurance company employed by GRE company to design specific terms of risk management contracts and they are also responsible for calculating the possible diversity of risks as well as corresponding premium rate. Their main task is offering expertise to Global Risk Exchange Company; this can be an individual or an organization that has the actuarial capability. Contract designers, also known as underwriters earn their income through rewards that accumulate from a collection of transaction fees realized after a personal risk management contract has been reviewed by the community.
- The Insured
These are individuals in the real world who wants to secure their future by purchasing risk management contracts to hedge risks in future. These individuals’ institutions transfer their risks to those individuals or organizations that are willing to shoulder the risks and in return, they pay them at a cost of premiums and in case the risk occur, they are compensated. For instance, one can ensure their car against accident and pays the cost of premiums to insurance companies. In case the car is involved in an accident, the insurance company compensates the individuals.
- Insurer
This group of people may include the insurance companies in the real world, reinsurers as well as ILS investors. These people receive the risks transferred to them by the insured and take responsibility f the risks. In case the risks happen, they are held liable and in case the risk does not occur, it is for their own benefit. The insurers also offer these services to GRE Company by taking the responsibilities of risks and in return, they are rewarded with a share of the transaction fees.
- GRE platform
This company benefits from little charges realized on specific fees from all the risk management transaction. The money collected is then used for the development of the company as well as funding their other projects. The money may also e used to pay the employees.
It is important to acknowledge the fact that GRE foundation is independent and is mainly concerned with making your life simpler and comfortable. This company has achieved a lot in terms of risk management and today many people across the world are it an individual, organization of companies are able to access, transfer as well as trade their risks safely at the convenience of their home. This is because all they need is GRE app on their smartphones and tablets and purchase some RISK tokens and the rest of the story is history. GRE platform is affordable and open to everyone across the world as long as you want to hedge risks in your business.
Official links for more details,
Website Link: https://www.gref.io
ANN thread Link: https://bitcointalk.org/index.php?topic=3178591.0
Whitepaper Link : https://www.gref.io/gre.whitepaper.en.pdf
Facebook Link: https://www.facebook.com/GRE-Foundation-2080066572230352
Twitter Link : https://twitter.com/GRE_RISK
Telegram Link : https://t.me/GREF_EN
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1434888