Inscoin – The 1st Blockchain Based Insurance Company

INSCOIN Ico Review

INSCOIN is an insurance platform that seeks to end the longstanding issues of cybersecurity and ensure that the instances of insurance fraud are minimized to the point of non-existence, or as close to that as possible.

INSCOIN advantages

The INSCOIN platform will provide both a standard hardcopy policy document to clients; however, the platform will also automatically assign each client with a Smart Contract so that each user can view their own policy in real-time, in a safe and simple way.

The clients will feel empowered, they will have complete authority over their chosen policy, and they or anyone else can have access to view their policy whenever needed.

The users can either go through the online or the mobile portal to access their policy, and they will also be able to engage in a verification process, in order to prove to the company that it is really them in charge of their own policy.

Probably, the biggest benefit for insurance companies is that Smart Contract’s help to automatically manage monthly payments, ensuring that the policy premiums are always up to date which means insurance companies will always have income.

Blockchain technology will ensure that no attempt at lodging a non-legal insurance claim will be able to be pushed towards an insurance company, therefore protecting insurance companies from significant losses.

Blockchain technology is also far more efficient for administration purposes, as well as extremely secure, therefore reducing the likelihood of cyber-security attacks and keeping business operations running smoothly.

INSCOIN will even benefit the insurance brokers working for INSCOIN though; the brokers will be able to automatically receive any commissions due, get intuitive access to their administrative tasks and have full reign of all necessary information for their client’s policies.

Conclusion

INSCOIN is addressing needs on all sides of the insurance industry, they’re intent on piecing together a secure, simple and effective platform that will meet all stakeholders needs at once while being a long-term and stable solution. This is one of the most needed Cryptocurrency startups to date, and we cannot wait to see how this turns out.

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