How can car insurance services improve if it moves to blockchain technologies, will it reduce prices for car insurance services? How can users from different countries be able to use your services if there are different legislation in these countries?
First is that insurance industry needs decentralized ledger with ability to securely access and share information about scoring, fraud etc.
One of biggest losses for insurer ic Customer Acquisition Cost (CAC). CAC can be dramatically high, sometimes up to 500$ per client. Using tokenized economy and incentivizing our users to become (and remain) our clients and good drivers, we cut CAC by more then 10 times. Thats one of things below top of the iceberg.
We plan to work in different countries, using our app. We will consider different legislation to work without problems.