Review on SafeInsure by francis fernandez
decentralizing the insurance business
The digital age brought with it the modernization of economic sectors in all areas of application. The heading of insurance policies does not escape this situation.
Thanks to the use of blockchain technology, it has been possible to innovate insurance policy trading. This is evidenced by the appearance of the SafeInsure platform.
What benefits does SafeInsure bring to the insurance business?
SafeInsure decentralizes the marketing of insurance policies; which brings positive consequences for both insurance companies and contractors of these services. Among these we can highlight:
Access to insurance policies at fair prices
Globalization of the policy contracting business; allowing any individual to purchase the insurance service, no matter where they are
Eliminate the payment of commissions to intermediaries
Provides security to insurance contracts by permanently recording the terms and conditions on the blockchain; which generates reliability and transparency in the contracting parties
Enjoy fair premium costs for insurance services; since consumers pay for the used portion of the policy
Allows users to make multiple personalized quotes to different service providers affiliated with the SafeInsure network
Facilitates claims management if necessary
Creates an open and non-custodial market for the commercialization of insurance services
It allows access to a database of qualified suppliers and buyers
Both for contractors and suppliers; SafeInsure facilitates the management of the sale and contracting of insurance policies; in addition to minimizing and making said management totally transparent.
Pros
- Eliminate intermediaries and complex procedures in hiring insurance
- Allows anyone in the world to acquire an insurance policy virtually
- Offers security in the insurance business through the use of the blockchain
- Promotes fair prices in insurance contracts
Cons
- No disadvantages
