InsuraSec, a blockchain-based insurance platform dedicated to delivering a safer and more inclusive future in insurance for everyone.
The need for such a platform emerged owing to data breaches that arise from data centralisation, non-streamline workflows and long insurance processes.
As a B2B service our software is aimed at three stakeholders, the client, insurance agents and insurance companies. Our platform’s purpose is to create more robust signing methods, streamline workflows and improve security.
Through our platform companies can create policy templates that are used by agents to create digitally signed quotations using an Ethereum web provider. Clients can then choose to sign and accept or reject the quotation. If they accept it, it is sent to an underwriter for approval and sent to live on decentralized storage. A similar process is used for claim submissions.