Kasko2go

KASKO2GO

This is a decentralized car insurance platform powered by the cutting –edge technology, military-grade Artificial Intelligence (AI) and telematics to ensure that drivers get affordable and efficient motor insurance services.

PROS:

• The platform enables the drivers to get cheap and affordable insurance cover with their safety being guaranteed
• The platform use sums to a greater reduction of the overall cost as it serves low -risk clients from safer drivers community
• The involved transparency enables all the details of accidents are clearly posted on the platform without any driver faking an accident enabling them to receive faster and efficient insurance cover   
• The platform has a well developed mobile application that enables the drivers to easily receive an insurance payout immediately by posting photos of the accidents on the platform
• The platform has a good team consisting of world-class experts with many years of experience in the platform related field hence empowering and modernizing of the project
• The platform securely store the users information through the use of smart contracts hence reducing fraud  and access by unauthorized  personnel

CONS:

• The platform has few team members and lacks project advisors
• The platform white paper is not simple and captive  to enable the users to drive the  project implications easily
• The K2G token value at the  pre-sale is not clearly determined to  make the users  understand its suitability

SUGGESTIONS:

• The platform should involve more team members and advisors to help in guiding the project progress
• The K2G tokens should be made exchangeable with other cryptocurrencies and fiat to enable the project application in other countries
• The platform white paper version should be made simpler with adequate details on the project implementation

NOTE:

The platform provides easy and reliable insurance as the users are able to save up to 50% on their motor insurance. This makes the platform viable I would therefore invest in it.

The insurance market is highly regulated in many countries. First markets for the project is Russian Federation and Ukraine. There is only few hundreds downloads of current version of mobile app. According to roadmap, already there have to be 15000 users in Russia. The earlies version of the mobile app was realized in December 2017. It is almost impossible to calculate repair costs after accident without detailed analysis of the car. (only by photo) There is no own insurance company. Usage-based Insurance is going to be in partnerships with other insurance companies.

Business model is not proved nowadays. It is unclear, why insurance companies should work with Kasko2go. All business fully depends on partnerships with insurance companies, there is no own insurance company. Substantial decrease of insurance premium would not lead to maximum profitability. No exact expenses are presented. All Kasko2go team located in Ukraine and Russia, except Advisors and investors.

Strengths: an app is available for downloading in AppSore and GooglePlay. The company is a member of Crypto Valley. Team members have been developing insurance solutions since 2011, an overall experience in smart insurance business is 25 years. Signed partnerships with TomTom, AutoBooking, Audina, Glonass and others.

Weaknesses: no token sale date; no financial plan/projections, no marketing plan. There is no information on distribution of funds raised. Team needs an expert in blockchain. Competitor analysis needs to be more detailed.