Insureum (ISR) is an insurance cryptocurrency used for exchange between insurance providers, developers and insurance users. ISRs typically trade 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 technology gap between insurers, policyholders and third parties. Using the Insureum Protocol, insurers have access to 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 are rewarded for sharing anonymous data. In this ecosystem, these parties can exchange blockchain-based tokens (Insureum) to buy and sell 100% anonymous data. Using blockchain to securely send this information between all parties will facilitate the creation of new and innovative insurance policies that could reposition the conservative insurance industry as a technology leader while improving cost efficiencies by millions per year .

Project Highlights

Digitalization

Through digital operation, the digitization of process and insurance policy can be realized.

Automation

Smart contracts and digitization automate entire value chain processes.

Consumer-centric

Insurance companies can communicate with consumers more frequently and effectively.

Innovation

Innovate from process efficiencies and data-driven product development/operations.

Application scenario

parametric insurance

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

UBI (Usage Based Insurance)

Insurance based on policyholder behavior and usage patterns (such as miles driven, distance walked, and exercise time).

Real-time (on-demand) insurance

Insurance with dynamic coverage and pricing based on demand and usage.

Customized insurance

Insurance developed using actual data based on consumer needs.

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