InsurAce (INSUR)

What is InsurAce Cryptocurrency? InsurAce (INSUR) is a cryptocurrency token developed on the Ethereum network. It is an ERC-20 compliant token with the aim of revolutionizing the insurance industry by introducing an open access platform for consumers and insurers alike. It was created in 2018 by a team of experienced developers and insurance experts based in Singapore. Who founded it? InsurAce is founded and helmed by Karthik Sridharan, an insurance industry veteran who has spent over 15 years in the insurance industry with firms such as Aon, Liberty Mutual and AXA. He is joined by an experienced team of developers and expert consultants who together create an ambitious blockchain-based platform with an aim to disrupt the insurance industry. What Makes It Unique? The InsurAce team has engineered a solution to reduce failing costs and complexities in traditional insurance models by leveraging the robust, yet secure nature of blockchain technology. This basic concept also provides an open access platform allowing insurers to straightforwardly and effortlessly transact policies, provide monitoring and settlement services, as well as leverage predictive analytics to better understand emerging risks. Where Does It Used? InsurAce is aiming to create an ecosystem that will enable the intelligent and secure sharing of policyholder data between insurance providers and policyholders to enable better risk management and provide better policies for customers. The platform can also be used to automate claims processing, reducing costs and increasing efficiency. Where to Buy/Sell It? InsurAce can be purchased, sold and traded on several popular cryptocurrency exchanges, including Bittrex, Cryptopia and HitBTC. The token is also accepted as a mode of payment by various merchants across many continents. Comments: It is amazing to see the potential and progress that the InsurAce team has managed to achieve in such a short period of time. The platform they have created could revolutionize the insurance industry by providing a much needed platform to facilitate the faster and seamless transaction of policies, as well as predictive analytics to better understand emerging risks. It is encouraging to see the emergence of blockchain technology being used to benefit the insurance industry, and it will be exciting to see how the platform develops over the coming years.