The Insureum in real life: UBI (usage-based insurance)Nowadays, with many companies entering the ICO world it can be a little hard to navigate between different products on the market. So, we decided to tell you about our product with use of examples and illustrations.
Here are a few use case examples of how people will benefit from Insureum use.
UBI (usage-based insurance):UBI is an insurance policy that can be tailored to your real lifestyle.
If you love what cannot be covered by traditional insurance policy, UBI would be the best option for you if your life style is different from the average — number of miles driven, no regular commuting, circling around the planet all the time. Here is a simple, but likely use case of UBI:
§ Jane is working at a global company. She flies to different countries all the time and spends more than 9 months per year in other countries. Still, she is paying the car insurance premium although she drives once or twice a month.
§ With Insureum Protocol, she found that a digital insurance company launched a UBI, adjusting the premium price based on the miles driven. With the telematics device installed in her car, the insurer calculates and assesses her driving style, and provides a big discount based on the data. Furthermore, since the insurer is a global company, Jane can be covered in other countries too!
In the Insureum we believe that insurance products can be smarter, and policyholders can be a lot more satisfied. Find out more about Insureum protocol on our website.
With the Insureum Protocol, the insurance can be easier, faster, and even rewarding.
https://medium.com/@insureum_zikto/the-insureum-in-real-life-ubi-usage-based-insurance-42bb748e58d7
