InsureX InsureX

InsureX

Created using Figma
Created using Figma
An alternative marketplace for insurance products
Risk: High
Jul 11, 2017
Jul 31, 2017
100% completed
$18 000 000
cap
goal
40% cap completed
Goal 2 222 ETH
Cap 88 888 ETH
past
  • 1125 IXT
    =
    1 ETH

About InsureX

FEATURES

Buy and Sell Insurance
Companies who have insurance products they wish to sell would list them on the market. Companies who wish to buy insurance would use the search or get notified of the listing.

Portfolio Management
In order to organise your transactions they can be structured as portfolios. High-level, aggregated information for the transactions is available.

Transaction Execution
When a suitable insurance product is found the participants begin the process of exchanging the required information. Each step is tracked in the platform.

Market Insights
In order to see what is on offer, and gain an understanding of the market, a rich and powerful dashboard gives you a real-time view.

TECHNOLOGY

The InsureX architecture is a cutting edge stack consisting of React, NodeJS, Ethereum Blockchain and OrientDB.

Blockchain Technology
Our marketplace leverages blockchain technology which offers all participants consistent, shared and secure processes. The nature of the decentralised blockchain allows a completely trustless interaction between parties which removes third party costs and commissions. Our platform leverages the Ethereum blockchain which makes it easier for external developers wishing to contribute without having to familiarise themselves with yet another blockchain implementation.
storage

High-Performance Storage
In order to process certain transactions, private and confidential information is required to be stored and exchanged. Our storage is a secured NoSQL data fabric. It compliments the blockchain network by providing fast access to different data such as medical records or other confidential information.

Multiple levels of security, external authentication and strong usage profiling are included.
important_devices

Application Stack
The UI is implemented using React which is fast and responsive. We use a Node.js backend which handles most of the business logic. The React and Node.js combination has proven to be a very fast, lightweight and robust approach. The UI renders on tablets and phones and as part of our roadmap we’re developing a mobile app, in order to take advantage of the native phone and tablet capabilities.

Features

- Uses blockchain technology to streamline the process between buyers and sellers of insurance products
- Provides a platform to manage the downstream processes related to programs, policies, premiums and claims
- Charges a commission on transactions being executed on the marketplace and an annual subscription for memberships
- The IXT Token works as a mean to reward or get rewarded for participation in the marketplace. Each activity on the platform has an associated cost specified in IXT

Technical Info

Technical details:  Leverages the Ethereum blockchain and its smart contracts. Data storage is provided by a secured NoSQL data fabric. The UI is implemented using React. Backend is provided by a Node.js. Proof of developer:  Public team

Roadmap

  • R&D. Prototype. Establish partnerships.

  • Funding. Team expansion. MVP. Early adopters.

  • Sign up 10 clients. Extend downstream processes.

Materials

InsureX

Activity

Posts:
126
MEDIUM
Followers:
1 587
LOW
Likes:
1 432
LOW
Rating:
5
VERY HIGH
Reviews:
75
MEDIUM

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Co-Founder and COO
unverified
Mikael Olofsson
Co-Founder and Entrepreneur in Residence
unverified
Partner, Head Of Insurance & InsurTech at Capital...
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Last News

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