I can totally agree, that insurance sphere of business it's not something easy, but we need such services for sure. I just wonder how much money should I spend for that.
We need? How can blockchain is a must for insurancr processes? I dont think we should always take blockchain including on different sector. The works done on insurance can barely be done by database. I know there are lots of blockchain who launches for the purpose of insurance however Im not sure if they are still up and running.
The volatility is normal because there is no centralized bank that will ensure stability. When crypto falls down, you have to pay a debt or you will lose all your money.
It means it hard to implement a payment premium using blockchain of course not all clients are knowledgable on cryptocurrency. How can you explain to them why the premium charges changes? We csnt say due to market condition. We are not talking investment here but an important aspect such as insurance.