Bitcoin Insurance

[Maslate]

Good day! i'm currently working on a life insurance company and I'm wondering if there is a company in the world that offers an insurance policy where in you can pay in bitcoin? I think it will be a good idea because it will be more convenient to pay in bitcoin. What do you think?

To my knowledge none exist, however the concept is ok and I guess it could work under the right circumstances. Right now I don't think I would use such a service, and I also have no idea how effective it will be in a broader marketplace. Either way, it's probably not a bad idea to be honest, you just need to make sure the market exists.

It's a good way to increase your sales I guess, most of the users of bitcoin want to have convenience in transaction and who would not want an insurance, right. I believe it is good to be part of your marketing strategy and the market is big as you also consider bitcoin to form part of your payment system. As long as you will do the necessary measures to protect the interest of the company, do it.

[xJuturna]

I don't think something like that exists currently but I don't see why not when bitcoin becomes a more common method of payment thru regular vendors. It doesn't hurt to look around though. Maybe someone should think about coming out with a program that will automatically allocate whatever a certain $ amount of bitcoin is to fiat and transfer it to a regular account to pay bills.

[Idrisu]

I do not think this type of service exists anywhere. At first I thought you wanted to suggest the idea of getting an insurance for your BTC wallet. You can implement BTC as a payment method fir sure, that would bring others' the curiosity about Bitcoin too maybe.

very soon insurance companies will start that kind of service as it has entered into the heart of man. I believe some of them are doing research on it as every business man is out to make profits. At the rate of popularity bitcoin is getting right now, it will soon became world most popular currency or mode of exchange. Insurance companies will benefit if they joined it early.

[btcdiggingmaster]

I do not think that this exists because assurance companies are very tied to banks and state. Also Bitcoin is still not very well-known. For sure there is not any in my country.

Exactly the price of bitcoin is completely not in stable one, many insurance companies will afraid for accepting bitcoin. If the price of bitcoin increases that won't be any problem to insurance companies but when the price of bitcoin is decreasing means, it will damage many insurance companies.

[Gromozeka!]

I do not think that this exists because assurance companies are very tied to banks and state. Also Bitcoin is still not very well-known. For sure there is not any in my country.

Exactly the price of bitcoin is completely not in stable one, many insurance companies will afraid for accepting bitcoin. If the price of bitcoin increases that won't be any problem to insurance companies but when the price of bitcoin is decreasing means, it will damage many insurance companies.

Why be afraid to accept Bitcoin if he was immediately can be exchanged at any convenient for them currency at the current exchange rate and no problems with fluctuating prices Bitcoin.

[Mr.grin]

I think it would be detrimental for the moment, because it relates to the price of bitcoin is always unstable. insurance payments by using bitcoin, will see the price of the dollar, so when the price of bitcoin down, it may be very many bitcoin expenditure that you spend to replace insurance.

[alisus]

There are many unanswered questions about this currency. But, after suffering the initial instability when it was created in 2009, Bitcoin has been steadily entering the mainstream economy. How major is the virtual currency, although you can buy ordinary goods, or contributions or withdraw from the account Bitcoin, perhaps not to pay for insurance

[blackhawkeye1912]

Good day! i'm currently working on a life insurance company and I'm wondering if there is a company in the world that offers an insurance policy where in you can pay in bitcoin? I think it will be a good idea because it will be more convenient to pay in bitcoin. What do you think?

I never heard of it that insurance company or other insurance company are accepting bitcoin as mode of payment. But its a good thing that one day  insurance company will adapt the system of bitcoin.