This kind of concept is a bit complex. There have been few insurance-related crypto projects here so I don't know what advantage of this will offer to the community.
And what type of insurance you are going to prioritized first?
There's more than blockchain that is involved here upon claiming what you paid for. And will take time to really get what is owed to you.
This will not secure your future. Just my thoughts though.
TimeTeller,
Thank you for your feedback and thoughts. We are in agreement, this will not be simple project, the code is not difficult but the market place can be. We believe it is a worthwhile and meaningful project. There are real problems for beneficiaries in the insurance markets today. Much of this is do to lack of visibility within the industry, but there are other issues as well. Our first product will be Term Life Insurance and will probably release outside the US to start.
There are a few insurance related blockchain projects, we see this as a positive, some may fail but others will succeed, all will bring visibility and adoption to the consumer. Our approach is significantly different from the other projects I have seen. We also believe our leadership team is very strong and involved for the long-term. Anyone can have an idea, execution is what makes the difference.