Insurance fraud costs the UK around £1.3bn, applying dApps and tokenisation to the insurance process this could be greatly reduced.
Claims data is written to the ledger and the process between the parties is automated, tokens reward honesty, honest actors are rated.
This is the total amount allocated to Insurance Claims Processing.
We develop insurance apps (kudoinsurance.com), Mark Suleman operates a Cardano stake pool. We have decades of global systems dev experience.