<<  >> (p.49)
    Author Topic: [ANN][ICO] PolicyPal Network - Future of Insurance for Unbanked and Cryptoassets  (Read 36920 times)
    Darkoth89
    Hero Member
    *****
    Offline

    Activity: 1274
    Merit: 646


    View Profile
    March 17, 2019, 08:10:43 AM
     #961

    Not just high costs (compared to their incomes), but also the high risk is something to put in the equation as a barrier for this kind of business. If ordinary insurance companies had not yet entered this business is just because they don't see any profit in it. In which way PolicyPal may turn this in a profitable business? thanks!

    I don't think that ordinary insurance companies haven't entered the blockchain business because they don't see any room for profit. In the beginning they were probably just sceptical in general to this new technology. But not just the partnership of PolicyPal with AXA (a multi-national insurance firm with a revenue of €132.593 billion in 2017) shows that they now see the potential that is in projects like PolicyPal.
Page 48
Viewing Page: 49