Insureum (ISR) is an insurance cryptocurrency used for exchanges between insurance providers, developers and insurance users. ISRs usually conduct transactions between data providers and data requesters. Users can sell it, and data providers can use it to buy more data.

Project Introduction

ISR is bridging the technical gap between insurers, policyholders and third parties. Using the Insureum protocol, insurers can get the data they need to create better policies. Developers and other third parties are encouraged to connect their applications and services to the Insureum protocol. Finally, policyholders receive rewards for sharing anonymous data. In this ecosystem, these parties can exchange blockchain-based tokens (Insureum) to buy and sell 100% of anonymous data. Using blockchain to send this information securely between all parties will help create new innovative insurance policies that can reposition the conservative insurance industry as a technology leader while increasing cost efficiency by millions each year.

Project Highlights

Digitalization

Through data operations, the digitalization of processes and insurance policies can be achieved.

Automation

Smart contracts and digitization automate the entire value chain process.

Consumer-centric

China Insurance Company can communicate with consumers more frequently and effectively.

Innovation

Innovate from process efficiency and data-driven product development/operation.

Application Scenarios

Parameterized insurance

Insurance based on public data (such as weather, flight information, real estate) and automated claims process.

UBI (User-based Insurance)

Insurance based on policyholder behavior and usage patterns (such as driving mileage, walking distance and exercise time).

Real-time (on-demand) insurance

Provides dynamic coverage and pricing insurance based on demand and usage.

Customized Insurance

Insurance developed using actual data according to consumer needs.

Related links:

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