Bitcoin Insurance | Bitcointalksearch.org

blackhawkeye1912

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Quote from: erickkyut on February 04, 2017, 07:03:19 AM

Good day! i'm currently working on a life insurance company and I'm wondering if there is a company in the world that offers an insurance policy where in you can pay in bitcoin? I think it will be a good idea because it will be more convenient to pay in bitcoin. What do you think?

I never heard of it that insurance company or other insurance company are accepting bitcoin as mode of payment. But its a good thing that one day insurance company will adapt the system of bitcoin.

alisus

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There are many unanswered questions about this currency. But, after suffering the initial instability when it was created in 2009, Bitcoin has been steadily entering the mainstream economy. How major is the virtual currency, although you can buy ordinary goods, or contributions or withdraw from the account Bitcoin, perhaps not to pay for insurance

Mr.grin

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I think it would be detrimental for the moment, because it relates to the price of bitcoin is always unstable. insurance payments by using bitcoin, will see the price of the dollar, so when the price of bitcoin down, it may be very many bitcoin expenditure that you spend to replace insurance.

Gromozeka!

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Quote from: btcdiggingmaster on February 07, 2017, 01:46:38 AM

Quote from: Cashew on February 04, 2017, 02:03:44 PM

I do not think that this exists because assurance companies are very tied to banks and state. Also Bitcoin is still not very well-known. For sure there is not any in my country.

Exactly the price of bitcoin is completely not in stable one, many insurance companies will afraid for accepting bitcoin. If the price of bitcoin increases that won't be any problem to insurance companies but when the price of bitcoin is decreasing means, it will damage many insurance companies.

Why be afraid to accept Bitcoin if he was immediately can be exchanged at any convenient for them currency at the current exchange rate and no problems with fluctuating prices Bitcoin.

btcdiggingmaster

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Quote from: Cashew on February 04, 2017, 02:03:44 PM

I do not think that this exists because assurance companies are very tied to banks and state. Also Bitcoin is still not very well-known. For sure there is not any in my country.

Exactly the price of bitcoin is completely not in stable one, many insurance companies will afraid for accepting bitcoin. If the price of bitcoin increases that won't be any problem to insurance companies but when the price of bitcoin is decreasing means, it will damage many insurance companies.

Idrisu

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Quote from: 20kevin20 on February 04, 2017, 07:51:15 AM

I do not think this type of service exists anywhere. At first I thought you wanted to suggest the idea of getting an insurance for your BTC wallet. You can implement BTC as a payment method fir sure, that would bring others' the curiosity about Bitcoin too maybe.

very soon insurance companies will start that kind of service as it has entered into the heart of man. I believe some of them are doing research on it as every business man is out to make profits. At the rate of popularity bitcoin is getting right now, it will soon became world most popular currency or mode of exchange. Insurance companies will benefit if they joined it early.

xJuturna

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I don't think something like that exists currently but I don't see why not when bitcoin becomes a more common method of payment thru regular vendors. It doesn't hurt to look around though. Maybe someone should think about coming out with a program that will automatically allocate whatever a certain $ amount of bitcoin is to fiat and transfer it to a regular account to pay bills.

Maslate

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Quote from: Yakamoto on February 05, 2017, 04:04:18 PM

Quote from: erickkyut on February 04, 2017, 07:03:19 AM

Good day! i'm currently working on a life insurance company and I'm wondering if there is a company in the world that offers an insurance policy where in you can pay in bitcoin? I think it will be a good idea because it will be more convenient to pay in bitcoin. What do you think?

To my knowledge none exist, however the concept is ok and I guess it could work under the right circumstances. Right now I don't think I would use such a service, and I also have no idea how effective it will be in a broader marketplace. Either way, it's probably not a bad idea to be honest, you just need to make sure the market exists.

It's a good way to increase your sales I guess, most of the users of bitcoin want to have convenience in transaction and who would not want an insurance, right. I believe it is good to be part of your marketing strategy and the market is big as you also consider bitcoin to form part of your payment system. As long as you will do the necessary measures to protect the interest of the company, do it.

Yakamoto

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Quote from: erickkyut on February 04, 2017, 07:03:19 AM

Good day! i'm currently working on a life insurance company and I'm wondering if there is a company in the world that offers an insurance policy where in you can pay in bitcoin? I think it will be a good idea because it will be more convenient to pay in bitcoin. What do you think?

To my knowledge none exist, however the concept is ok and I guess it could work under the right circumstances. Right now I don't think I would use such a service, and I also have no idea how effective it will be in a broader marketplace. Either way, it's probably not a bad idea to be honest, you just need to make sure the market exists.

instacalm

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Quote from: erickkyut on February 04, 2017, 07:03:19 AM

Good day! i'm currently working on a life insurance company and I'm wondering if there is a company in the world that offers an insurance policy where in you can pay in bitcoin? I think it will be a good idea because it will be more convenient to pay in bitcoin. What do you think?

Not only insurance companies should accept Bitcoin payments, it would be great if its acceptance is of such wide spread that not being able to pay with it is the exception! Its exclusive character is probably not going to disappear any time soon. I personally wouldn't pay for my insurance with Bitcoin because my employer takes care of that automatically, but there probably are some people who gladly would.

doomloop

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currently we can not use our bitcoin as direct payment method because bitcoin is just use for online transaction so i can say that there is bitcoin is not acceptable in insurance company or in other company.

Mike Mayor

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Quote from: erickkyut on February 04, 2017, 07:03:19 AM

Good day! i'm currently working on a life insurance company and I'm wondering if there is a company in the world that offers an insurance policy where in you can pay in bitcoin? I think it will be a good idea because it will be more convenient to pay in bitcoin. What do you think?

I really like the way you thinking outside the box and trying to expand the reach of the might that is bitcoin but as another member has said the voilotile nature of bitcoin combined the the somewhat voilotile nature of insurance it may prove to be problematic and I would love to see how you solve this. I think you will have to do it according to the $ value but what if that changes quickly ?

I am not trying to be nasty or anything but this is something you must think of. Now for the solution this is where the cash dollar hangs.
Of tou serious about this I wish you the best.

szpalata

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Quote from: erickkyut on February 04, 2017, 07:03:19 AM

Good day! i'm currently working on a life insurance company and I'm wondering if there is a company in the world that offers an insurance policy where in you can pay in bitcoin? I think it will be a good idea because it will be more convenient to pay in bitcoin. What do you think?

I second your idea but i don't know of any insurance company yet but you can still go through with it if you don't mind paying some small transaction fees through third parties like purse.io and shopawl

mace15

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I didnt heard this bitcoin insurance yet that offers this kind of service. But if this will happen, I dont think all can adopts this kind of service. Even in my country, does not know the process of bitcoin. Their is a need first to educate other people on how to use bitcoin.

Gromozeka!

legendary

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Quote from: shinratensei_ on February 04, 2017, 08:07:38 PM

Quote from: erickkyut on February 04, 2017, 07:03:19 AM

Good day! i'm currently working on a life insurance company and I'm wondering if there is a company in the world that offers an insurance policy where in you can pay in bitcoin? I think it will be a good idea because it will be more convenient to pay in bitcoin. What do you think?

So stop to say about the privacy had given by bitcoin to you.Someone sign on the insurance need to provide his ID and it will automatically PROVE our id.At least if the firm can take care of with the member's ID and it's not a problem.

With regard to payment for insurance Bitcoins have not heard yet, but here's the security sphere needs exactly it blockchain. This will significantly increase the number of insurance products and making them more flexible and convenient. And Bitcoin payment account, soon everything will come to this.

nasipadang

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bitcoin in some countries are not accepted as currency and legal payment Your insurance company can illegal, actually what you think is a good thing where you do not difficult in insurance payments.

Mometaskers

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Quote from: mmo_online_1981 on February 04, 2017, 10:16:14 AM

Always changing prices, the government does not manage BTC, very difficult

I believe the premium can have a fixed fiat price and the btc paid is adjusted.

I haven't heard of any insurance company (at least none in my country) that accept btc for payment. Of course you can arrange with the agent that you'd send him btc and then he'd convert that to fiat but I find that risky. Maybe it's possible to deposit btc to your bank account? If it is then you can just have the premium auto-deducted from you account.

shinratensei_

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Quote from: erickkyut on February 04, 2017, 07:03:19 AM

Good day! i'm currently working on a life insurance company and I'm wondering if there is a company in the world that offers an insurance policy where in you can pay in bitcoin? I think it will be a good idea because it will be more convenient to pay in bitcoin. What do you think?

So stop to say about the privacy had given by bitcoin to you.Someone sign on the insurance need to provide his ID and it will automatically PROVE our id.At least if the firm can take care of with the member's ID and it's not a problem.

fikihafana

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Quote from: erickkyut on February 04, 2017, 07:03:19 AM

Good day! i'm currently working on a life insurance company and I'm wondering if there is a company in the world that offers an insurance policy where in you can pay in bitcoin? I think it will be a good idea because it will be more convenient to pay in bitcoin. What do you think?

I want to know if there is insurance company that pay in bitcoin. I'm just wondering about company plan with unpredictable bitcoin price with their business

calkob

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I have never heard of an insurance company that accepts payments in bitcoin and i doubt we ever will, its like saying is there any companies that would accept payment in gold..... Huh

Topic: Bitcoin Insurance (Read 2090 times)