Topic: [ANN][TokenSale][SCR] - Socratus: WIN-WIN Insurance (Read 487 times)

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Which of the following Socratus products are you willing to buy first?

• Weather insurance
• Personal accidents
• Flight insurance
• Other option

Vote at: https://twitter.com/socratus_io/status/1021757723199893511

Yesterday Socratus participated in a ElevatorLabChallenge organized by Raiffeisen.

Amazing experience and ambiance!

Special thanks to everyone who contributed to make this event so wonderful!

Socratus created a digital platform with instant claims payment products for insurance companies (white labels) & digital insurance companies entirely for consumers

Really global, creative idea. After all, the blockade has not yet been used in the insurance segment, opening up astonishing prospects for the creators of Socrates. Socratus is a truly unique project worthy of investment.

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Hi! Thank you for your interest! The claim handling process is fully described in the Whiteapaper of Socratus. You can find it here: http://socratus.io/wp/

Also, you can take a look at the following example that demonstrates how the insurance claim handling works:

Step 1: The user opens the Socratus powered website (as an Insurance carrier). The user creates or logs into the existing account and types the details of his/her apartment/house to calculate the insurance quote.

Step 2: When registering into account, the user should enter the required personal data sufficient to comply with the KYC rule to use an insurance product.

Step 3: The client installs several verified IoT devices in various places of his/her residential facility or uses the already installed ones to detect flooding. Such devices have a hardware-protected private key, GPS finder/embedded camera, ability to detect and send information about the level of water confirmed with their own private key.

Step 4: The customer decides to get an insurance offer and a draft smart-contract from Socratus. The customer requests the quote. To do this, the customer gives the platform access to his/her flood-detection devices and provides the personal information that may affect the requested quote.

Step 5: The customer chooses the quote from the options offered by the Insurance company based on his/her preferences.

Step 6: Sometime later, a room is flooded. Proving insurance accident occurred data is available on the platform.

Step 7: The smart-contract (and the relevant components of automated analysis) processes the analysis results of the data obtained from the devices installed in the house, GPS location and public information confirming that the flooding occurred in the designated area. Then an
automated decision is made whether the agreed amount should be paid to the insured person.

it is interesting that Socratus project by making the insurance policy process online. But what about the claim insurance process itself when users want to make a claim?

People now have a lot of mistrust of Stakhov's companies, and if it's on the Internet, then there will be even more mistrust. But the idea has the right to life. I see that the new one at first does not like, and then without it they can not live. Good luck to the team and participants!

Hello! Yes, the Soft Cap of Socratus is $5 million.

Hello! Thank you so much for your support!

Socratus, project impressed me, giving insurance policies online, it sound good but what will be the rates and other terms n condition to take a policy and after that to reimburse the claim???

Is there a minimum (soft cap) amount you need to gather in total investments in order for the project to start?

Good idea!!!! Digital platform with Instant claim payment products for insurance companies

Gogok, thank you for the question. In short, yes KYC is obligatory for investors and Bonus program participants.

More details about KYC for Bonus program will be provided soon here: https://bitcointalksearch.org/topic/bonus-socratus-digital-insurance-ecosystem-4268847
You can also join Telegram chat to stay tuned: https://t.me/socratus_bnus

I've a question by popular procedure KYC (Know your customer). Will this procedure be mandatory for investors, as well as ordinary bounty participiantd? Do you have this an important information? Regards

Thanks for the first questions!



Collecting bulk of documents is an old-fashioned way, which requires excess of time on both sides:
1) Consumers spend time on collecting papers for each claim;
2) Insurance companies spend time on claim processing, which causes higher costs.

With Socratus insurance accidents are to be proved automatically by Oracles and verified data providers.

Project looks strange because insurance can't be solved without proof documents. Who will check them?

i have question about payments, which you will pay your users in case of an insured event.
How you will be sure about this? which evidence you will get from users?

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