Strategic Partnership made between InsurChain and LoCo HK
By a
This partnership means InsurChain and LoCo HK will jointly promote the development of InsurTech on a global scale and it will also prepare InsurChain for the establishment of its ecosystem in the future.
LoCo HK, registered in
InsurChain is an insurance-focused blockchain-based ecosystem whose businesses include InsurChain Blockchain, InsurChain applications (PBS-Guard) and various ecosystem projects. InsurChain wishes to enable everyone to freely design, purchase and invest in insurance policies and products, to improve the experience and efficiency of claims, to eliminate intermediaries and to build a brand new insurance ecosystem with the help of blockchain.
According to Global insurance review, global non-life premiums will grow at 2.2% and 3.0% 2017 and 2018 respectively. Global life premiums will grow 4.8% and 4.2% in 2017 and 2018 respectively. Emerging markets, especially those in
Premium income in
Insurance was invented to spare risks for a group of people. Sociality, uniqueness, time-stamped and security are in its nature. While blockchain, with its nature of decentralization, transparency and immutability, fits perfectly with insurance. The potential of combination of insurance and blockchain is unlimited.
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