How often will you contact the representatives of your insurance company? 3 to 4 times a year? Most of us will contact the insurance company only if there is a claim as the premiums can be paid online easily. So, the Insurance sector needs improvisation and innovation in mainly two areas which are given below:

Transparency - The insurance sector is like a black box for almost 90% of the people who are keeping insurance policies as they don’t have any idea about the premium calculation or the claim processing.

Benefits/Rewards - Are we getting some kind of loyalty bonus or rewards for taking policies?

Is it possible to find a solution for the above two points? Yes. It will be achieved in the near future by Aigang network using their DAO insurance protocol. Let us have a look at some of the key benefits of the protocol.