InsureNET Blockchain

The problem with current insurance...

If you have ever experienced the aftermath of a hurricane you understand how important a fast cash injection can help. With current insurance that never happens and we are going to do something about it with this platform and you. Automatic claim payments to all policies if wind speeds are recorded within 15 miles of your home or business.

An immediate infusion of cash for the most important things you need like food, water, generator, fuel, medicine and other personal needs. Using smart contracts on the Etheruem blockchain we can trigger events based on advanced weather data. We can issue, track and pay out a policy anywhere in the world in a secure and transparent way.

Not Just Insurance, Better Insurance!

ExampleRegular InsuranceInsureNET Policy
Speed of Payout2-9 Months< 24 Hours
Cost$600 or more / year$10
Loss Of Income ProtectionNoYes
Deductible2% and upNone

Hassle-free cash when you need it the most!

Simple, transparent and reliable hurricane insurance for your home business or loss of income

There are a number of decentralized applications and platforms developing alliances and partnerships with many crypto services to achieve capital efficiencies with single global ledgers and to expand our network. Driving automation to capture risk data using smart contract technology to build market knowledge, automate payments and attract financing risk. Decisions can be made faster and with full confidence powering innovations in micro-insurance and micro-finance.

Expected value of risk is redistribution of capital corresponding to sharing risks among the policy holders. Capital has to be locked for a certain period of time, and there is potential risk of losing the capital provided. Capital providers are also compensated for this risk and the compensation is calculated based on the time of the ‘lock-up’ of the token and the length of time on which the risk is being insured. We argue that today insurance companies are the predominant way to organize these elements and that blockchain technology provides an opportunity to replace insurance firms by decentralized structures using a standardized protocol. Capital and revenue streams can then be represented by tokens.