Our Arsenal: A Summary
Over the last week, we released three parts to the “Our Arsenal” series. We highlighted CoverCompared’s primary value propositions and what makes us, as the world’s first DeFi insurance aggregator, different from insurance providers in the market.
The first value proposition discussed was CoverCompared’s uniqueness and diversity. This article examined how CoverCompared offers users an avenue to meet a wide array of varying insurance needs on a single platform. As an aggregator, we provide insurance covers for almost every possible need in the market. This stems from the fact that our marketplace lists products provided by partners operating in different industries. We have partnered with numerous crypto insurers who offer covers to protect cryptocurrency investments and traditional insurers who provide protection for life, health, and more.
In addition to catering for a wide range of insurance needs, CoverCompared also offers users access to a large pool of products to meet a particular insurance need. What makes us unique is that we have partnered with numerous insurance providers. This has resultantly made the collection of our product offerings much broader than that of an insurance provider, as our marketplace offers multiple insurance options for any particular type of insurance coverage. Consequently, users can browse through different options and select the best suited to their personal needs.
Lastly, CoverCompared’s vision is to maximise and optimise user experience. In contrast to an insurance provider, CoverCompared users are guided and navigated to products by an AI-powered database tool. Further, this AI tool also allows users to sort, search and compare different product options simultaneously. This complements a user’s ability to find a product best-suited to their needs and expedites the buyer’s decision process. All required information about products can be accessed instantly on one cohesive product page. The distinctiveness of CoverCompared doesn’t stop here. Moreover, CoverCompared is the first-ever avenue where all insurance products (including traditional ones) may be bought using cryptocurrencies — quickly and conveniently.
To conclude, CoverCompared truly does offer a one of a kind solution to DeFi insurance. We will soon bring about a newfound era of innovation in the insurance market and be the first platform of its kind to offer a democratic safety net to all.
CoverCompared 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 block chain technology and tokenized incentives.