INSCOIN PLATFORM REVOLUTIONIZING THE INSURANCE POLICIES INDUSTRY USING THE BLOCKCHAIN TECHNOLOGY

sonnyeyakwaire (44)in #inscoin • 6 years ago

Insurance industry since inception of it implementation in Italy and round the globe, has affected positively everyone who is involve personally one way or the other. Companies and individual that assure that properties and asset receive huge benefit in the pass, although despite this benefit of insurance industry there are challenges that are yet to be address. Some of these challenges are describe below
Cybersecurity is the major fear in recent times because a lot of individual spend more and more of their time on the internet, a risk is shifting accordingly. Cybercrimes have breach insurance policy practically affecting insurance companies resulting to loss of data and huge funds worth millions of dollar. This hacking of insurance company’s website is very disturbing and is reducing the rate of participation in the insurance industry.

As companies and individual indicate interest in the insurance industry the data get bigger every day and is cumbersome to manage. Many have lost lots of file that where not traceable due to large some of data which also resulted to companies and individual who insured their properties not able to recover their properties back due to lack of proof of claim.
Delay in processing of claim ,When companies or individual who insure their properties or asset wants to claim back their asset, there are lot of delay processing their document that leads to several phones calls . These breach in communication is a barrier and cause lack of interest in the insurance companies.

Archaic way of acquiring insurance nowadays is a big challenge; there is a lot happening on auto side to acquisition of insurance policies online. Lot of forgery insurance policies is going on in the internet which has also lead to many losing their funds their hard earn money.
These challenges have been given urgent attention and solutions also have been provided by the INSCOIN FOR KNOX

The inscoin is cryptocurrency platform that revolutionize the insurance industry, making it a healthy and better industry for investors. The inscoin uses the blockchain technology through the smart contract to execute smart with high level of security of insurance policies to individual and companies.

SOLUTIONS PROVIDED BY THE INSCOIN FOR KNOX
 Inscoin develop insurance policies on the Ethereum smart contract which eradicate the false insurance policies spread widely over the internet. With the help of the inscoin platform, sanity is brought to the insurance industry.
 Fast transaction for insurance policies, individual can purchase any premium of their choice without experiencing a delay
 In times of casualty or any accident of any kind the blockchain make payment to the affected persons once the individual or companies involve in such incident comply to the rules and regulations of the insurance policies they purchase without filing suit to court to decide .with the help of the simple solution transparency is brought to the insurance industry.

FUNCTIONS OF THE INSCOIN PLATFORM
 Broker have the ability to create secure profile for their client on the platform with respect to his or her identification code and related wallet inscoin.

 Client can also create their profile with respect to their inscoin wallet.
 Insurance policies can be purchase within the platform

DETAILS ABOUT THE INSCOIN ICO
Total supply is: 500,000,000 INSC
PRE-ICO Cap: 7,500 ETH
ICO Cap is 31,944 ETH
Soft cap: 4000 ETH
Hard cap: 39,444
ETH is accepted for purchase of INSC

INSCOIN PARTNERS

In conclusion, with the help of the inscoin platform forgery of policy will be eradicated and fast transaction of insurance polies is made easy for everyone.

For more info about inscoin project and update check the below link:
https://inscoin.co/
https://twitter.com/InsCoinforKnox
https://t.me/InsCoinICO_announcements
https://t.me/inscoinico
https://web.facebook.com/INSCoinforKnox/?_rdc=1&_rdr
https://steemit.com/@inscoin
https://www.reddit.com/r/InsCoin/
https://bitcointalk.org/index.php?topic=4422850.msg%msg_id%
https://www.youtube.com/channel/UCeYb1urpmhALHv_0lm6ZI8w
https://www.linkedin.com/company/inscoin-holding-ou/
https://inscoin.co/documents/Whitepaper-EN.pdf