Team name: Claimless
Team members (assign yourself to the issue):
Divya Singhal
Kelvin Vail
Mark Durrant
Govind
Bhanu
Team leader:
Divya Singhal
What problem are you trying to solve?:
Problem:
No claim bonuses are locked to insurers and insurance types.
Solution:
We will allow no claim bonuses to be transferred between insurers and insurance types. We are trying to build a universal no claim bonus system. Below are few benefits:
(1) Insurer can attract customer by offering a discount based on customer's no claim bonus.
(2) Customer with higher no claim token are at low risk.
Why do you think Blockchain / SmartContract may be the right approach?:
- No central authority to manage the no-claim bonus history.
- No claim bonus is redeemable across insurance providers.
- Transparent No-claim bonus system.
API/DATA/Gadget you are thinking about using:
What area do you need help on?:
None at the moment
Team name: Claimless
Team members (assign yourself to the issue):
Divya Singhal
Kelvin Vail
Mark Durrant
Govind
Bhanu
Team leader:
Divya Singhal
What problem are you trying to solve?:
Problem:
No claim bonuses are locked to insurers and insurance types.
Solution:
We will allow no claim bonuses to be transferred between insurers and insurance types. We are trying to build a universal no claim bonus system. Below are few benefits:
(1) Insurer can attract customer by offering a discount based on customer's no claim bonus.
(2) Customer with higher no claim token are at low risk.
Why do you think Blockchain / SmartContract may be the right approach?:
API/DATA/Gadget you are thinking about using:
What area do you need help on?:
None at the moment