KEYis the Insurance World Revolution

Buy during Pre Sale and receive +30% Bonus Tokens

Our Vision

THINK LOCALLY GROW GLOBALLY

Our challenge is to improve the low customer satisfaction level (problem) that permeates the global insurance industry. Our VISON is to join the Ethereum Blockchain where we can deploy Distribution, Decentralisation and Disintermediation techniques to create a revolution in the general insurance industry by operating at a higher customer satisfaction level due to the abilities of our progressive software empowered by Artificial Intelligence. Blockchain is the progressive technology that allows Bitcoin to flourish and it changed the way we view money, unnecessary costs, intermediaries, inefficiencies and unrequired delays.

DISTRIBUTION

Perhaps spend less money on administration that is not succeeding, less costs on commission that is not helping and invest in the right tools like the open Ethereum Blockchain. Serving the public directly through an open-source, Blockchain distribution platform with AI issuing smart contracts. AI can personalise advice to customers and achieve effective self regulation whilst blowing the whistle directly to regulators on prescribed benchmarks that are missed.

A blockchain has been described as a value-exchange protocol which is a diary that is almost impossible to forge. It is a type of diary or spreadsheet containing information about transactions. Transactions are entered in the order in which they occurred and order is very important in the blockchain. A Blockchain is effective as it is spread over many computers, each of which have a copy of the Blockchain. The Blockchain updates itself every 10 minutes.

Artificial Intelligence (AI) supported by a fully digital infrastructure built on the BLOCKCHAIN enables

DECENTRALISED DATA

Open Insurance envisages an era when data is more freely exchanged for the betterment of all and KEY will support the benefits of a more open environment, for all participants in the industry. Especially the community of consumers. Our project adheres to their Blockchain principals of open and decentralised work as much as Our technology can achieve.

Disintermediation

begins by replacing the middleman with Smart Contracts

Unfortunately over the last 300 years, since the days of Lloyds coffee houses, general insurers have not normally been early adopters of change.

The Blockchain use can reduce fraud, thereby lower premiums for honest people with faster claim settlements and more choice of settlement terms including cash. We believe the combination of a profitable insurance business, with growing revenues, offering lower premiums via Our utility platform, might encourage new FIAT customers to consider purchasing KEYis Tokens after Our TGE.

The Mission

The Mission path towards our Vision must achieve excellent benchmarks to build our community;

  • Values
  • Ethics
  • Accountability
  • Principles and
  • Integrity

As important signposts for good long term results that guide and protect our Ecosystem

Importantly for our MISSION our Founder has already accomplished similar to what we are now setting out to do;

  • Commence a regulated insurance entity backed by the world’s largest reinsurers and
  • Build a cutting edge enterprise software system

ARTIFICIAL INTELLIGENCE

Benefits

  • Improve customer experiences and increase trust
  • Automate customer interactions
  • Real-time assistance
  • Data mining
  • Operational automation
  • Predictive outcomes

Artificial Intelligence will ensure better risk selection, with fairer and lower premiums for our community.

SMART CONTRACTS

Have many breakthrough developments where traditional paper contracts become coding that can automate many of their antiquated processes. Traditional insurance settlements are delivered by workers who may have good intentions but could be new or under normal work pressures or subject to workflows that can be horrendous when customers need great service the most. Also after some catastrophic events middle management can be legally delinquent with regulated customer service levels. Whereas a smart contract is enforceable by code, after it is deployed, replicated and then executed on a distributed network of computers called the blockchain.  With reasonable limits imposed or nefarious symptoms discovered only a small number of claims may have to be addressed by necessary claims specialists.

  • DIRECT fast autonomous service delivery for with customers should raise satisfaction levels
  • TRUST immutable records from encryption on a shared ledger for security
  • RECORDS parties may remain anonymous on public ledgers as contracts and transactions details are recorded  privately and efficiently
  • SAVINGS derived from effective processes and the reduction of middlemen fees and commissions
  • ACCURACY no mistakes or variations due to the absence of hand filled forms

  All of which raises customer satisfaction levels

Replacement vehicles of course

Replacement vehicles included in your policy, when you are clearly not at fault

Most people don’t know that if you’re not at-fault in a car accident, and more than one car is involved, you may have the right to a loan car with the costs covered by the at-fault driver.

A driver who is not at fault in a multi car accident has a legal right to access a similar car until their car is repaired or written off and the claim is settled. However most insurance companies expect the customer to pay for a rental car until the claim is finalised. If they did not originally pay an additional premium for that benefit. Otherwise they must wait for their insurer to recover those costs first, if they can. As replacement vehicle rental agreements can exceed thousands of $ dollars this is quite a financial burden on most people.

For an insurance company that has above average drivers as we expect, with the type of community attracted to  our Ecosystem,  replacement vehicles should be a lucrative profit centre. Especially as we will often hear about the claim first.

Therefore we will be incentivised to be available for our customers 24/7 /365 as that will maximise the number of cars We can rent out. Interestingly We do not have to beat other insurers to this profitable Return On Investment (ROI), as we believe they show no interest in it. In fact We might even be successful if they want to professionally outsource that part of their claim process.

Finally to improve our Customers’ satisfaction level the replacement car will be brought directly to you. No matter where is convenient to the Customer, home , work or the repair shop, so that acceptable transport  is continuously available and of course we will collect the replacement vehicle at your convenience also.

Claim Assist

From

irrational

irritations

to

fast cash

settlements

Sometimes things do not go to plan when your dealing with insures who still follow antiquated practices. Catastrophes do happen and that is why people like you and me pay for insurance cover. However when the catastrophe strikes some poorly managed insures probably those most resistant to change become overwhelmed by the sheer volume of claims and the human resources required to adequately process those claims in an fair and prompt manner.

They do not deliberately plan to dissatisfy their customers in the beginning they just fail to plan properly and have inadequate reporting systems that can expose the problem claims before the matters become a problem for both parties.

Approaching insurers  who are suffering from their short sightedness is not  easy but skilful people who possess the skillset we have can cut through he mismanagement have move claims along or know when to involve the turning of levers and choosing the right ones at the right time is a specialist skill set that we possess.

DAO

People always overestimate the speed of technology adoption but underestimate the power of technology adoption

Our Vision is to build a decentralised AI that considers Big Data records, accessed and shared amongst several correlated parties, to determine acceptable risks at fair BUT oprofitable prices. FIAT buyers will follow the more traditional document path whilst Tokenholders will have smart contracts created with their details. Once notified the smart contracts will control claim settlements at a superior speed as per the coded transaction records .

We intend to continue developing Our AI until We achieve a Distributed, Disintermediated and Decentralised Autonomous Organisation (DAO) or as close as is possible within the insurance industry today.

In collaboration with some larger technologies like IBM’s Watson and Google’s Federated Learning we want to participate in building an AI that runs and trains ML models on all devices and expand the use of AI in DAOs on Blockchain networks”.

As We develop Our AI We expect Our insurance offering to be competitively priced and convenient to use. As customers will be able to interact with our AI via their computers or mobile devices 24/7/365. To some policyholders, who have standard risks and experience no claims or straight forward claims only, everything will be handled by our AI as it were a complete DAO.

Key Ecosystem

IOT and Telematcis + data from anywhere?

Tokenomics

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Circle of Funding

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Capital Allocation

  • 75% Token Pre-Sale
  • 15% Advisors
  • 10% Accounting, legal & other cost of ico

Head

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Use of Proceeds

  • 75% Development work and licence
  • 5% Legal & Accounting
  • 15% Marketing
  • 5% Operation

MILESTONES

TEAM MEMBERS

Keith Goss

Keith Goss

Founder
Yoshi Hemzal

Yoshi Hemzal

Solidity Developer
Soviet Ligal

Soviet Ligal

Software Engineer
Milin K C

Milin K C

Graphic Designer
Kayub Maharjan

Kayub Maharjan

Front End Developer
Ujjwal Risal

Ujjwal Risal

Engineer
Swarup Rajbhandari

Swarup Rajbhandari

Android Developer
Ujjwol Shrestha

Ujjwol Shrestha

Programmer
Chris Zhang

Chris Zhang

Engineer
Fernandez Alves e Oliveira

Fernandez Alves e Oliveira

In-house Counsel
Sudeep Acharya

Sudeep Acharya

Software Engineer

I am Sudeep Acharya. Currently, I am pursuing my Masters in Information Technology at Charles Sturt University. I have been

Advisers

Bogdan Fiedur

Bogdan Fiedur

Technical Advisor
Xue Yuan Dong

Xue Yuan Dong

Data Consultant
Matt Perkins

Matt Perkins

Transport Repair Advisor
Abhishek Sharma

Abhishek Sharma

Security Auditor