technology is still in its an early phase
What is Insurance? Insurance is a method for security from money related loss. It is a type of risk management, principally used to support against the danger of an unexpected misfortune. An Insuree may report a misfortune or a claim to a broker, and with the required data submits it to the Insuring specialists, specifically the Insurer, if applicable, the Reinsurer. The claim accommodation is confirmed by a receipt to the Insuree. From that point onward, the Claims Agent may ask for extra data for the claim, through an outer source. After these step, if every one of the conditions is fulfilled, the claim is affirmed, and the installment is started via the Insurer's Claim Agent. Insurance is revealed to a variety of fraud schemes. From sharing insurance plan after divorce to disguising medicinal diagnoses. Then how blockchain helps in this field? Blockchain technology future is viewed as the greatest of an image of the fourth industrial revolution and a potential disruptor for...