The insurance segment is one of the most important, fast-growing industry, which is fully open to the introduction of innovative technologies.Insurance gives you extra protection if things go wrong. However if you need to make a claim, you may have a problem with making the insurance company pay you.The insurance segment have a lot of issue such as: A lot of insurence customers ar not satisfaid whit their current providers, 41% of all claimants are likely to stop business with current providers, a lot of time-consuming actions caused by insurers bureaucracy and dependence on subjective employees decisions. Unclear price policy, unreasonable prices give the feeling, that the customer overpays.
Socratus will develop a digital platform with instant claim payment products for insurance companies (white label) & fully digital insurance company for consumers.
On the Socratus platform your claims are paid instantly, Clients feel the invisible presence and support of insurance protection. Insurance companies get from Socratus technological infrastructure, data analytics and insights, white label for their marketing activities and new products development. Lower expenses from 15% to 25% on claims handling and operational expenses.
How exacly the Socratus platform work.
Build on the blockhain tehnology ,with SMART-CONTRACT(program code that replaces standard agreement, issues and executes insurance policy in blockchain )and ORACLE ( program code, that sends verified data to the smart-contract upon accident ) ,the customer buys policy in Insurance company or agents ,smart-contract starts to work.With the first policy customer gets login and password to access his profile. Customer informs insurance company about accident through its web site or application.Smart-contract gives the signal to Oracle to check the accident. Oracles turns to verified data provider.In case of confirmation of the accident Smart-contract sends the signal to send money to the customer then Smart-contract executes the payment. Smart-contract is closed.
Any insurance company can connect the platform to become the part of Insurance Digital Ecosystem .
Socratus token (SCR) its use on the platformy is a driving gear and the internal economic unit of the Socratus ecosystem.
SCR has functionality to allows Insurance companies to implement innovative insurance products with instant claim payment,becomes a standard in decentralized digital insurance and contains all the requirements of insurance players, and regulators and:
- For consumers and community: Additional discount and special conditions for payment of tokens ,socratus platform contributors reward tool ,user loyalty management and promotion tool
2.For insurance companies: The means of payment for the license for using the technical product (platform) Socratus .
ROAD MAP:
April' 17 -Project Start
September' 17 -WP first version, building a team
December' 17 - Main Advisory board
February' 18 - First closed pre-sale finished
March' 18 - Legal set up ,Financial and Token models
Q2' 2018 Second Closed pre-sale ,MVP launch
Q3' 2018 Insurance license application
Q3' 2018 Pre-ICO/ICO
Q4' 2018 1-st product launch in Europe
Q2' 2019 First product launch in Asia
Q3' 2019 1-st product launch in Latin America
Token distribution :
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More information :
WEBSITE: http://socratus.io/?utm_source=bitcointalk_community
WHITEPAPER: http://socratus.io/wp/
FACEBOOK : https://www.facebook.com/socratus.io/
INSTAGRAM: https://www.instagram.com/socratus.insurance/
TELEGRAM: https://t.me/socratus_official
ANN: https://bitcointalk.org/index.php?topic=4134975.new#new
written by:juv3ntus1 (https://bitcointalk.org/index.php?action=profile;u=2039680)
ETH; 0xe643905624879b401672802036043ce2C954268A