A revolution in the insurance system that sounds very encouraging. For a long time this field of activity has not been modernized in any way and has not changed, I think the time has come.
Yes, but is the blockchain platform really suitable for this? Now everyone is trying to realize their ideas using the blockchain technology, but is it appropriate in this case?
I think yes, because the blockchain gives us new features and usage scenarios. In addition, it allows the system to be open and transparent.
Yes, but in many respects you have to do a lot of work in order to switch and completely abandon the old technologies. How long can it take?