SafeInsurance DECENTRALIZED INSURANCE FOR THE BLOCKCHAIN ERA

ABSTRACT
Safeinsure is a decentralized insurance marketplace bringing equitable price 
discovery and global access to insurance policy shoppers worldwide. SafeInsure 
puts power back into the hands of consumers with an honest, accountable, and 
democratic insurance marketplace on a high-performance blockchain.
In a first for the insurance industry, SafeInsure will provide an access point 
between policymakers and consumers with great modularity and bespoke options 
in an instantaneous and nearly feeless manner without controlling intermediaries. 
Using the SafeInsure Marketplace, customers will piece together custom insurance 
options for themselves according to their needs without having to pay for features 
and options they don’t require.
The SafeInsure blockchain is securitized by masternodes, creating a financial 
incentive for node operators to safeguard the network and keep it as decentralized 
as possible.
Masternodes will also function as a secondary source of revenue for insurance 
policy providers as they can become masternode operators using the income they 
generate on the SafeInsure marketplace.
INTRODUCTION
Long ago, ancient merchant ships trading the seven seas would pool resources 
together to cover one another if that one of their ships would sink and lose its 
cargo. 
This archaic form of insurance is still in effect today, and the vestiges of these old 
policies are seen everywhere. Best practices protecting against insurance fraud 
are absent, resulting in artificially high premiums to policy consumers. Claims, 
payments, and contracts are all still done on paper and by telephone resulting in 
erroneous information, lost data, and network inefficiencies. These inefficiencies 
and long settlement times are all passed down to the consumer who pays a higher 
and higher
premium for each mistake.
THE INTRODUCTION OF BLOCKCHAIN 
TECHNOLOGY MEANS THESE REMNANTS OF 
THE PAST CAN NOW STAY THERE, AND WITH 
SAFEINSURE, THE INSURANCE INDUSTRY CAN 
FINALLY EVOLVE.

SafeInsure harnesses blockchain technology to create a new digital accountability 
network for insurance buyers and providers, initiating a new era in which our 
distributed ledger technology can keep both consumer and provider utterly 
accountable without the need for an intermediary. With transparency, honesty, 
and accountability guaranteed by an intermediary-free network, the SafeInsure 
marketplace can bring competitive price discovery and modular insurance plans to 
consumers worldwide.
STATISTICS

THE AMOUNT OF FRAUDULENT INSURANCE 
CLAIMS, RESULTING IN $80 BILLION LOSSES/
YEAR 10%
THE AMOUNT OF AMERICANS WHO TRUST 
INSURANCE COMPANIES 7%
OF INSURANCE COMPANIES DON’T HAVE A PLAN 
IN PLACE TO RESPOND TO BLOCKCHAIN 7%
THE AMOUNT OF FRAUDULENT INSURANCE 
CLAIMS, RESULTING IN $80 BILLION LOSSES/
YEAR 10%
OF INSURANCE COMPANIES WHO BELIEVE 
BLOCKCHAIN IS IMPORTANT 10%
$1.2T THE TOTAL AMOUNT OF INSURANCE PREMIUMS 
PAID IN 2017

SafeInsurance DECENTRALIZED INSURANCE FOR THE BLOCKCHAIN ERA