AMA RECAP: NSURE NETWORK
CEO of PolkaCover, Kunal Sadani joined the telegram community of Nsure Network to commemorate the successful integration of PolkaCover-powered insurance aggregator Cover Compared and Nsure Network.
The intent of the Integration:-
Nsure Network is the first insurer partner on Cover Compared.
As a part of the integration, users will soon be able to purchase Nsure’s Smart Contract Cover on Cover Compared. The Nsure Network community will gain visibility and marketing advantage by being integrated on Cover Compared. This will give Nsure users the chance to buy both traditional and crypto insurance products at a one-stop-shop insurance marketplace.
Additionally, Users will be assisted by an AI-based Claim Management System, ensuring that every claim submitted by the user is given utmost priority and immediate attention.
AMA Highlights:-
Q) Could you tell us a bit more about Cover Compared?
What makes Cover Compared different from other crypto-insurance providers?
Cover Compared powered by PolkaCover is the world’s first DeFi insurance marketplace.
I wouldn’t call ourselves a crypto-insurance provider but mainly a crypto-insurance aggregator.
Users can compare and evaluate the comprehensive product outlined in a simplified way. The streamlined process makes it easy for users to choose the best-suited policy for their needs. Cover Compared gives complete transparency on all lines of insurance products listed, it could be any product traditional or crypto, all with the option of paying in a host of cryptocurrencies.
Our users will be assisted by our AI-based Claim Management System, ensuring that every claim submitted by the user is given utmost priority and immediate attention.
Just with a click of a button, users can submit their claims, and we will offer them a seamless claims management experience!
Cover Compared simplifies the traditional insurance process and offers immediate foresight to the users helping them be well-informed before purchasing the cover.
Q) How can we buy these policies? Do you offer different payment options?
Since Cover Compared is an insurance aggregator offering crypto and traditional insurance products we give users multiple payment options. The end-user on our platform can purchase using cryptocurrencies.
Our token $CVR gives users additional benefits while purchasing the covers.
With regards to the utility, there are several use cases where the token is used,
a few of them are mentioned below
1) Crypto Insurance Policy Purchase
2) Policy Discounts
3) Staking / Risk Assessment & Governance Rights
4) Claims Payout
5) Cross Border Policy Issuance
Q) I’m sure the community is eager to know more about your integration with Nsure Network. Tell us more about it!
A Smart Contract is easily susceptible to ambitious hackers who look deeper into every line of code to find bugs to exploit, thus highlighting a strong need for Smart Contract Covers.
As a part of our integration with Nsure Network, users will soon be able to purchase Nsure’s Smart Contract Cover on Cover Compared.
We want to give users all the control while purchasing insurance,
It is the founding principle of Cover Compared.
This will give users complete transparency on the insurance product listed by communicating every element of the product giving immediate foresight to the users helping them be well-informed before purchasing the cover.
Also, the Nsure Network community will gain visibility and marketing advantage by being integrated on Cover Compared. This will give Nsure users the chance to buy both traditional and crypto insurance products at a one-stop-shop insurance marketplace.
The benefits don’t just end there!
Our users will be assisted by our AI-based Claim Management System, ensuring that every claim submitted by the user is given utmost priority and immediate attention.
Q) What does the future look like for Cover Compared? Do you have any updates on the dApp?
The future looks bright for Cover Compared!
We have several world-renowned multi-national insurance providers lined up for integration — our marketplace will host a basket of products, from Smart Contract protection to Device insurance, Life insurance, and more.
As for our dApp!
Our dApp is almost ready.
With the launch of PolkaCover’s Insurance Aggregator dApp CoverCompared coming up in 2021’s Q3, we will be the world’s first insurance marketplace that will cater to the needs of everyone — be they someone looking to insure their traditional assets, crypto funds, or even themselves. Our testnet will be launched closer to the dapp for our users to get a sneak peek!
About PolkaCover:
PolkaCover is the First DeFi insurance marketplace for the global crypto ecosystem. We aim to lower transactional and administrative costs of insurance policies and coverage while providing high-value, cost-effective insurance products bought using a host of cryptocurrencies.
Our platform will be connecting users with multinational insurance providers for all global insurance products such as crypto-related protection, health, life, and travel policies. The platform will include a frictionless insurance marketplace experience that incorporates next-generation blockchain technology and tokenized incentives.
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