3dbizsolutions.caAbout company
Fully developed Use Case for Smart Contract Enabled Mobile Insurance App. It is distribution channel and Policy administration system combined. Proposed solution handles entire policy life cycle: Quotes&Illustration, Policy Administration, and Claims. WHAT PROBLEM THEY ARE ADDRESSING? 1. Will open new market which currently not served due to inefficiencies in business model 2. Per McKinsey - their solution is 43% more efficient than traditional method of conducting Business 3. Per Deloitte - their solution is right formula to access Gen X - $7.1 trillion market share WHAT ARE THEIR NEEDS? They are looking for a partnership with Insurance carrier to go live with this pilot project. Their needs are: 1) Life Insurance Product that they can offer though the application. 2) $400k to get system production ready. Time frame - 4 month 3) 6-12 month to cover operating expenses. They expect to be profitable within 1st year, and repay all the investments made into the startup.
