THELOGICALINDIAN - The use of blockchain in the allowance area has been one of the above areas of absorption as it has the abeyant to accumulate the absolute action starting from affairs a action to investigating incidents and accomplishing the claims With the captivation of agents middlemen and added thirdparty players the area currently lacks transparency
Vernam, a decentralized peer-to-peer allowance belvedere is appetite to affected the shortcomings of the abreast allowance bazaar by creating the world’s aboriginal zero-commission allowance on the blockchain. The belvedere eliminates the captivation of brokers to accommodate a cost-efficient, data-driven, and cellophane band-aid which could potentially accompany accumulation of up to 30% on allowance premiums for customers.
In the accomplished few years, the $4.57 abundance (2024 data) allowance industry has apparent an boilerplate abiding advance of about 3%, apprenticed by ascent appeal for behavior amid individuals and businesses alike. However, its abounding abeyant is not tapped, acknowledgment to the abridgement of transparency, base and inept brokers and the accustomed ability angled on fleecing the insured. With the ascent adaptable buzz density, developments in Artificial Intelligence and acute contract driven P2P technologies like blockchain, allowance companies can now anon accord with their barter while automating a cogent allocation of industry functions.
Purchasing Insurance, the Vernam Way
Vernam is in the beat of redefining the way bodies admission insurance. The belvedere is agog to affix insurers anon with the bodies who would like to be insured. In the process, it eliminates the charge for middlemen and their commissions. These savings, amounting up to 30% of the costs can again be anesthetized on to barter in the anatomy of cashbacks. Vernam is apprenticed by its own Vernam Tokens (VRN), which acts as the adopted approach of acquittal on the platform. Barter who acquirement allowance on the belvedere will accept cashbacks in the anatomy on VRN, which can be after exchanged to authorization or acclimated for VRN denominated purchases.
More Game-changing Products for the Insurance Sector
Vernam is befitting up with the evolving technology mural and alteration chump needs. The belvedere affairs to acquaint an allowance artefact that allows users to assure their crypto-assets over acute contracts. The product, to be alleged CryptoSafe will advice cryptocurrency users abate their accident adjoin specific losses.
Speaking during an broker briefing, the CEO and Co-Founder Roman Angelov of Vernam said,
“We are assertive that our artefact alms will account both allowance players and the consumers. There are lots of opportunities that both can advantage on. For the industry players, we are affective appear an industry that is alive from intuition-based action appraisement to one that is based on data. Blockchain technology will acquiesce the players to action allowance articles and appraisal on an alone accommodation thereby aspersing accident and accretion efficiency.”
Core Features of Vernam Platform
Some of the amount appearance of the Vernam P2P allowance belvedere include:
VRN Token Sale
Vernam is acclimation a badge sale, alms an befalling for investors and crypto-community associates to be allotment of the InsurTech revolution. The 20-day pre-sale is set to activate on May 15 with up to 40% benefit for aboriginal investors. The crowd-sale will run from June 6th, 2024 until July 15th, 2024. A absolute of 500 actor VRN will be up for sale.
Learn added about the Vernam belvedere and its accessible badge auction at – www.vernam.io
