Insurance is Coming to the Blockchain Through SuchApp and WishKnish

SuchApp
and
WishKnish
are partnering up to be the first to introduce an insurance marketplace that uses the blockchain. This partnership will see SuchApp – the innovative blockchain-powered messaging platform – and WishKnish – the decentralized network of gamified, coin-agnostic, social marketplaces – joining forces to co-develop a decentralized business ecosystem that enables insurance management to be more efficient for both insurers and customers.
Ronny Shany, CEO of SuchApp and co-founder of HighTV stated that the global insurance market is expanding by leaps and bounds in both developed and developing markets. The global insurance premium is presently worth over $5 trillion USD, and while premiums and insurance capital are rising, so is the demand for better customer service. Thus, their goal at SuchApp is to craft a global insurance marketplace that increases customer service and communication between clients and adjusters, while implementing the features of WishKnish as a way to offer a secure and convenient marketplace that is advantageous for both the business and the customer.
SuchApp’s 5G blockchain-enabled real time messaging platform allows businesses to engage with customers. With SuchApp taking the first step into the global insurance market, the company plans to expand upon their current business model by designing an easy-to-use platform where:
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Customers can buy insurance policies through SuchApp’s SPS Token, a digital currency operating on the ERC20 protocol.
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Customers and insurance companies can manage policies instantly over the SuchApp platform.
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Insurance adjusters can use SuchApp to create customer service groups to address claims and any other important issues.
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Location-based messaging that gives insurance companies the chance to focus particularly on local markets.
Alisa Gus, the CEO of WishKnish expressed how proud and excited they are to see their technology being used to advance mainstream blockchain adoption. By offering a secure, decentralized platform that expands transparency and is protected against failure and tampering, they are able to leverage blockchain technology to make sure customers and insurance companies are better protected against fraud.
Insurance companies using the two companies’ platforms get access to all of their combined feature sets, such as SuchApp’s innovative personal and group VOIP conferences and WishKnish’s marketing and promotional tools, in addition to SuchApp’s fully functional loyalty programs. All correspondence over SuchApp’s platform is 100 percent encrypted, which means that sensitive information is protected against outside threats, while WishKnish Storefront technology makes sure that customers can be incentivized towards behaviors and actions that are advantageous to them and their community and payments are handled in a coin-agnostic manner.
SuchApp’s goal is to corner a part of the
global insurance market
that is looking to insurtech companies that are challenging the way typical insurance businesses function. WishKnish continues to expand its global businesses in retail commerce and Blockchain As A Services (BaaS) to bring their customized Blockchain solutions to corporate and Government clients.
For this partnership, the two companies plan to solidify their position as a multi-faceted business tool that permits insurance companies to stay connected with customers, design marketing campaigns, and grow their customer base.
References:
http://prn.to/2Cl3iJL