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Decentralized Parametric Insurance Platform – Bitcoin RSS



Investage is developing the decentralized insurance platform to solve the following problem:
Problem
• Insurance is highly asymmetric. Large players dominate the market and reap benefits from network effects
• Customers are in a weak position, don’t understand policies, often feel treated unfairly or even ripped off
• Insurance companies have a strong incentive not to pay out claims.
• Tight regulation is needed to protect customers and keep this imbalance in place. This creates expensive overheads and barriers to entry.
• Insurance companies are intransparent trying to hide their inefficiencies.
Insurance applications with fixed risk pools do not scale.
Solution
• Immutable and incorruptible smart contracts decide about policy underwriting and payouts
• DIP utility token: Staking DIP as an incentive to provide great service for customers
• Risk Pool Tokens make risks tradable on exchanges, the blockchain version of Insurance-Linked Securities
• Oracles with authoritative data for parametric insurance
• Decentralized oracles to incentivize claims assessors
• Insurance license and regulatory framework which is compliant with FINMA and US securities.
We would like to get comments from the community before the launch of the decentralized insurance platform and integrate the recommended features by the community

Decentralized Parametric Insurance Platform

Investage is developing the decentralized insurance platform to solve the following problem:

Problem
• Insurance is highly asymmetric. Large players dominate the market and reap benefits from network effects
• Customers are in a weak position, don’t understand policies, often feel treated unfairly or even ripped off
• Insurance companies have a strong incentive not to pay out claims.
• Tight regulation is needed to protect customers and keep this imbalance in place. This creates expensive overheads and barriers to entry.
• Insurance companies are intransparent trying to hide their inefficiencies.
Insurance applications with fixed risk pools do not scale.
Solution
• Immutable and incorruptible smart contracts decide about policy underwriting and payouts
• DIP utility token: Staking DIP as an incentive to provide great service for customers
• Risk Pool Tokens make risks tradable on exchanges, the blockchain version of Insurance-Linked Securities
• Oracles with authoritative data for parametric insurance
• Decentralized oracles to incentivize claims assessors
• Insurance license and regulatory framework which is compliant with FINMA and US securities.

We would like to get comments from the community before the launch of the decentralized insurance platform and integrate the recommended features by the community




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