Do you know anything about your future?
Nobody takes to a journey without knowing it’s exact location, the journey to the future requires you to know the exact location or placement of your future and need a lot of preparation. Well, Nobody knows anything about the future exactly. But, that does not mean they do not prepare for it or create it. The future of our life, our health, our education, and everything depends on us. Thank God, there is a perfect or full proved way to ensure it. Now, if you look more closely at the insurance industry, you would find a deep network of agents and brokers, who are ready to sell anything to any client for high commission fees or fulfill their monthly target.
They are the backbone of the current insurance industry which is running deeper into the pile of unwanted laws and failed compensation claims. They may be one of the biggest industry but brokers are the single most entity in this chain who earn the biggest share. As much as 30% commission on policy premium is received by the insurance agents and brokers. On top of that, the industry is still far from being adapted to the current technological advances similar to the other sectors of the business. Don't you think an innovative solution is possible for the industry?
Solution Offered (https://www.vernam.com/)
VERNAM is offering to build a marketplace for diverse insurance products from different companies based on the blockchain technology. Based on Smart Contract, Insurance will be issued to the users of the platform. Since the platform serves to the customers all over the world and there are different laws in each country, they have created a worldwide Insurance Smart Contract registry for the purpose of interlinking different registers of the different countries.
The insurance agents and brokers will be part of the network created by the platform in different countries. Optimizing risks associated with the different policies by presenting an innovative and transparent marketplace for the different insurance products, they are ready to revolutionize the insurance industry. By Linking the network of brokers and insurance agents across the world with the people, they are creating a platform which can be trusted by everyone. Their main focus is on the crypto to crypto insurance products which will revolutionize the Insurance sector.
WORKFLOW AND INSURANCE REGISTRATION
ICO INFORMATION AND THE TEAM
1,000,000,000 VRN Tokens are created for the project in which 50% will be available for the ICO. 30% OF THE funds will be used in the marketing of the platform while 25% of the funds will be used for the legal and admin purposes.
The team is highly enthusiastic about the development in the insurance sector with the introduction of their platform. They are open for collaboration with the like-minded people.
Conclusion
There are many insurance companies looking to cover everything that you own. They are ready with their countless proposals to suit your needs and they have been fairly successful which is quite evident from their Market capitalization. The insurance industry is stable and successful. They are an industry worth 4.73 trillion dollars. Perfect fit for every situation in life, they have got you insured. The insurance market is ripe for the revolution.They are planning to expand in the coming future in the other countries of the European Union. While there are still many hurdles in the realization of full potential of the platform, they are working hard to achieve the milestone.
North America and Asia have same market size but they are currently concentrating on the European countries. I think that obtaining an insurance would be much easier when you have all the information, and this platform aims to lead in the positive direction of open information about the product. Standardizing the information and procedures regarding the insurance for a person is the ultimate aim of the platform. If VERNAM is successful in winning the trust of the people, it will establish itself as the leading insurance provider in the market. What do you think is the future of the decentralized insurance industry?
WEBSITE: https://www.vernam.com/
WHITEPAPER: https://www.vernam.com/assets/uploads/Whitepaper_Beta_v015.pdf
FACEBOOK: https://www.facebook.com/vernamofficial/
TWITTER: https://twitter.com/vernamofficial
PUBLISHER DETAIL
BITCOINTALK USERNAME: anything9ce https://bitcointalk.org/index.php?action=profile;u=1642647
ETH WALLET: 0x9da283f52fA286846EF0b6a0A89e4b692F986E6D