Black Insurance: Blockbuster insurance in its best traditions

bakso.super (44)in #ico • 6 years ago

We begin the review of a very charismatic and ambitious project, which stands out favorably against the background of its competitors. Moreover, you hardly ever saw something like that!

In essence, Black Insurance is not a decentralized platform, which we are accustomed to talking about, although it has some signs of decentralization. On the contrary, it is a real insurance company offering partnerships to entrepreneurs around the world.

Using the block system as a basis for their activities, they will be able to provide a high level of security and automation, which the insurance market has not yet seen in principle. With the help of Black Insurance, insurance can become closer to the end user, and, more importantly, much more affordable.

If you live in a small town before, you could not boast of a company you can trust, then be sure, soon a representative of this kind of insurance will appear in your city.

Insurance is easy, you can also

In its majority, processes that seem to the average man to be very simple, in fact, are much more complicated. A simple person seems to manage the restaurant simply - but the owner is in such a hassle that only the strongest survive. The same applies to mining - one who does not know the whole technology, believes that anyone who bought a farm can deal with the "catch" of crypto currency. However, behind the imaginary simplicity lies hours of analytical work, which makes the process itself profitable.

But it's not for nothing that they say that there are a few exceptions from each rule, or even more. Insurance is just such a case. In fact, insuring the life, property or responsibility of another person is not at all a difficult occupation, if you look at it in scale 1:10. Of course, there are legal and technological difficulties, but, in general, there is no insurance in the insurance process, and a fraction of the complexity that exists in almost every known craft man.

You can even insure your friend's property. If he buys a car, say that he can pay you every month for $ 10 during the year and, if he causes his actions damage to other road users, then you will pay a part of his expenses. Dial yourself a few more such friends, and now - you are already a real insurer. But, be it so simple, Black Insurance platform would never arise. The development of blocking initiatives is a clear sign that the industry has something to work on. Among the main problems of insurance:

High cost is one of the main problems with which the Black Insurance project and the platform participants will struggle. The fact is that the profitability of insurance as a business, has generated a whole mass of parasitic beings - intermediaries. They, without risking their own funds and not doing so much useful work, get a significant profit. All would be nothing, but this has a very negative effect on the cost of insurance services.

The absence of an insurance culture is a direct consequence of the high cost of services. Due to the fact that insurance has become a very expensive pleasure, ordinary people do not consider awareness in this matter necessary, since this is inaccessible to them. With this approach, insurance becomes not just a privilege of the rich, but also significantly reduces the potential audience of the market
Reduction of the number of insurance payments. The insurance company always wants to pay less than what the insured person requires. Here, a different kind of fraud has left its imprint, including imitation of insurance cases. Also, the insurance companies themselves do not have in their staff experts at a level that could effectively manage the invested funds. Therefore, we will have one more item ...
The deficit of insurance companies' funds pursues insurers who do not know how to build a competent ratio of payments and payments, because they do not succeed, even having a steep customer base.

But, good, with all the above problems can cope Black Insurance. Using an entirely new system of cooperation with agents, the project will be able to achieve full contact between the fund that insures and the person who regularly makes payments, hoping for a soft financial pillow that every insurance company promises, but by no means everyone fulfills its obligations.

We will no longer talk about the whole process and the benefits of the project named today, today. But, be sure to continue the discussion in the second and third part of our review of Black Insurance.