The Insureum.co Protocol uses blockchain to create a decentralized ecosystem that connects insurers, their policyholders, and third parties. The are bridging the technology gap between insurance, 3rd party player, and user. Using the Insureum Protocol, insurers get the data they need to created better policies. Developers and other third parties are incentivized to connect their apps and services to the Insureum Protocol.
Despite the insurance industry’s success over the last 30 years, it has never been a technology leader. Finally, with the Insuruem Protocol, the insurance value chain will become cost efficient and simple, and create larger value in the insurance industry by enabling transactions between stakeholders.
Insureum Ico companies, policyholders and 3rd parties alike can all make transactions according to their own competencies, and all excess value (created from the transactions) is shared based on their contribution. The Insureum Protocol uses blockchain to create a decentralized ecosystem that connects insurers, their policyholders, and third parties.
|Accepting||ETH, BTC, BCH, USDT, STEEM,, Paypal, All Fiats , Bank Wire|
|Price||1 ISR = 1 USD|
|Hard Cap||20,000,000 USD|
Insurance based on public data (e.g. weather, flight information, real estate) and automations of claims processes.
UBI (usage-based insurance)
Insurance based on policyholder behavior and usage patterns (e.g. miles driven, distances walked, and hours exercised)
Real-time (on-demand) insurance
Insurance with dynamic coverage and pricing based on the demand and usage.
Insurance developed based on the needs of the consumers, leveraging the actual data.
Insurance companies will be able to create mini ecosystems that contain in-house or third-party apps that accurately gather and analyze the real data of (potential) policyholders. Within these ecosystems, cryptocurrency is exchanged between developers and insurance companies, and can be used to buy and sell anonymized data to develop and manage customized product offerings.
Currently, this centralized ecosystem is built around one-way transactions and outdated operations. This leads to expensive operating processes, underwriting practices and policies that don’t quite match policy holders. A decentralized Insurance industry would mean that companies will have access to the information they need and create value for all major parties.
The Zikto team realized that a lot of players in traditional finance-based sectors have a strong initiative to understand their current and potential customers. A data-gathering intermediary can be a real asset for these sectors to understand their target audiences. With reliable data, they can develop better products that are customized, digitalized and more cost-efficient.
april 1st, 2017
The Challenge Launches.
May 1st, 2017
Blockchain pilot project with SKT and CoinPlug.
June 1st, 2017
Collaboration with KB Card.
Team and Advisory board development.
May 30th, 2018
Pilot testing of Inserum Protocol with The Challenge as a data platform.
Globalise user data gathering platform.
Launch The Insureum Protocol (Phase 0).
Start Phase 1.
Start Phase 2.
Start Phase 3.
Pilot test process automation of Underwriting.
Very Experienced Team
Very Experienced Team. Members Are All Very Successful in Their past Efforts and Come with Experience with Companies Such as LG. The Team Profiles Look Very Professional and Everybody Checks out and Will No Doubt Serve the Insureum Platform Well.
The Current Way Insurance Companies Collect Their Data for Research and Development Purposes Is Extremely Centralized and Expensive. Companies Are Paying Social Media Platforms and Other Media Huge Amount of Money to Capture Data to Better Serve Their Customers. Insureum Allows Insurance Companies to Access Anonymized Data Offered up by Users in the Ecosystem Cheaply and Through an All-in-one Solution.
User Data Utilization
Most of the services collecting user data do not have efficient/effective business models to monetize the data they gather. Furthermore, with user awareness on their data value (e.g. CDPR Act), it is even more difficult to get their consent to use the data they provide.
With Insureum, developers can now get user consent for data use albeit with proper compensation, and efficiently monetize the anonymized data with insurance companies as needed. Blockchain and smart contract will play key roles minmizing the costs and inefficiencies arising from the trust issues and contracting.