blockchain for insurance domain

[mikelexus]

Hi there!
is there any way to use blockchain technology for insurance domain? For example, imagine, there is a token that you can buy as an insurance. Then at some moment you can redeem it in case if something happens. It should be something simple and inexpensive. I would not want to buy a home insurance like this but maybe you can buy an insurance/warranty for a TV or some electronics in this way.

Thanks,
Mike

[1715633317]

1715633317

[1715633317]

1715633317

[BTCforJoe]

Have you checked out InsurePal? It's a distributed social-proof insurance company that uses the blockchain to social-proof a peer-to-peer insurance platform. They're getting ready to launch... Is this similar to what you're inquiring about?

Check them out here: https://insurepal.io/
Their announcement thread here on the forums: https://bitcointalk.org/index.php?topic=2495721.0

[angie.eyes]

I think their offering is kinda dumb...

[mocacinno]

Marginally related to your question: i've been to SAP Tech'ed this year, they're actually working on implementing blockchain technology for the insurance domain.
The thing is: they're not planning on issuing some crapcoin for insurance purposed, but merely using blockchain technology as a decentralised ledger to pass around hashes of insurance contracts in a decentralised way between insurance companies and customers.

Not a big SAP fan, but they did invest in blockchain research  

[WeFundAnyDeal]

I agree so many new avenues for blockchain to be implemented into every day life. If avery company who manufactures a product register on the blockchain....the knock on effect would be tremendous across many new industries

[Beyond Seen Screen]

Have you checked out InsurePal? It's a distributed social-proof insurance company that uses the blockchain to social-proof a peer-to-peer insurance platform. They're getting ready to launch... Is this similar to what you're inquiring about?

Check them out here: https://insurepal.io/
Their announcement thread here on the forums: https://bitcointalk.org/index.php?topic=2495721.0

I think InsurePal is the most successful project in insurance industry till now. Do you know any other beside them?