Get Assured

Challenges

• Traditionally in the Finance sector, data and analytics are managed at the product level rather than at the customer level, making it difficult to create a comprehensive view of the customer.

• Fractured data and legacy systems prevent insurance companies from extracting value and making the data actionable.

• Complicated financial algorithms to calculate the suitable benefits packages

• The problem of automatically generating a detailed report for each employee

• The need for a powerful digital tool to add different policies to compare cost & benefits

Technology solutions

For this project, we used Ruby on Rails, React Native, Smart Contract on Blockchain platform, Firebase & Appium. Ruby on Rails can help us with both building and securing a website. RoR is known for its stability and predictability. Compared to hybrid technologies – which was the only option for cross-platform in the past – React Native is super fast and very well tuned to mobile devices. Making the mobile experience much better for customers. Smart contracts refer to computer codes that digitally facilitate the verification, control, or execution of parts of all of the agreements or contracts. They are a faster, cheaper, and more secure way of executing and managing agreements. Firebase provides a host of features and modules that an app developer needs, as a service thereby eliminating the need to create these from scratch. Appium is one of the most popular tools for automating native, mobile web, and hybrid applications on iOS mobile, Android mobile, and Windows desktop platforms. Importantly, Appium is “cross-platform”.

Core features

• Needs analysis tool: For employees to input their personal data and get insurance needs calculation through financial algorithms for their own current and future situations

• Automation in generating reports, a decorated full detailed report on need analysis will be available to export at the next step

• Policies comparison tool: allow employees to compare different benefits packages at the same time.

• Email registration & confirmation

• Smart contract to eliminate third parties