Published On: Sat, Oct 28th, 2017

FidentiaX Develops World’s First Tradeable Insurance Marketplace

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People will soon be able to buy and sell insurance policies using the blockchain-based platform, fidentiaX, which is creating the world’s first tradeable insurance marketplace.
[Note: This is a press release.]
Most people do not know that insurance policies with cash value are tradeable on the market for higher returns. In 2014 alone, $57 billion (250,000 policies) of the estimated $112 billion USD of policies lapsed and surrendered could have been resold on the market. The minority of policyholders who know about this find it difficult locating interested buyers due to the absence of a recognizable marketplace for safe and secured transactions. Buyers looking to add policies to their investment portfolio are confronted with similar hurdles.
Limited options, lack of awareness, and accessibility have created an inequitable situation for policyholders. Insurance companies prefer that policyholders surrender their policies (thus releasing them from their sum-assured obligation) rather than encourage trading of these policies. fidentiaX aims to disrupt this status quo and break the tethers of the insurance companies by empowering policyholders to monetize their policies.
Leveraging blockchain technology and smart contracts, fidentiaX will help policyholders and investors build a portfolio of tradable policies with stable returns, while developing a trustless platform for trading …

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