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RE: Developing a Mobile-Based Digital Insurance App - Aigang Network
Interesting idea but how would claims be investigated for validity and how would policies by handled across various jurisdictions?
Interesting idea but how would claims be investigated for validity and how would policies by handled across various jurisdictions?
I have similar questions.
Thanks to Augustas Staras, Aigang CEO, I have got the answers to your question: Claims are verified via smart contract features that check API data sent from device and automatically trigger event and payout (or not, in case there's no valid claim). Jurisdictions are not limited to devices, and are subject to insurance licencing which we plan to cover in future as our operations grow.
Many thanks for the clarification.