15 May '18, 7am

Asian #Insurance Company – #FWD Jumps into #Blockchain Technology -

Asian #Insurance Company – #FWD Jumps into #Blockchain Technology -

PolicyPal raised USD 20 through Initial Coin Offering in March this year. The blockchain project with FWD is the major milestone achieved by the startup. An area that PolicyPal is exploring is a peer-to-peer mutual aid insurance model built on blockchain technology. By applying risk assessment models on real-time data on a decentralized platform, customers can enjoy more affordable insurance premiums and higher aid limits. This solution also offers a cashback incentive on premiums for community members that do not make claims at the end of the insurance period, reducing liability for insurers and fraudulent claims.

Full article: http://theneodimension.com/asian-insurance-company-fwd-ju...

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