InsureX was founded in London in 2017. The concept came from Ingemar Svensson, whose company Finserve.io was working with various insurance clients who frequently brought up blockchain and the idea of an alternative marketplace.
Shortly after, InsureX engaged a reinsurance company in London who agreed to further explore how this platform could improve security, administration and cost.
Buy and Sell Insurance:
Companies who have insurance products they wish to sell would list them on the market. Companies who wish to buy insurance would use the search or get notified of the listing.
Portfolio Management:
In order to organise your transactions they can be structured as portfolios. High-level, aggregated information for the transactions is available.
Transaction Execution:
When a suitable insurance product is found the participants begin the process of exchanging the required information. Each step is tracked in the platform.
Market Insights:
In order to see what is on offer, and gain an understanding of the market, a rich and powerful dashboard gives you a real-time view.
