FidentiaX is world no one online marketplace for trading policy. Blockchain technology will help in the recording of the transaction without any kind of fraud and with the high security. They have developed the platform where the seller can list their policy and sell the policy to interested buyers. The tradable insurance policy is the first marketplace for insurance policies. The fidentiaX will follow some pattern for the transferring of the ownership from insurer to insured with the help of blockchain technology.
There are some steps that fidentiaX will follow are given below:
- The seller can easily list their policy on the platform which is developed by fidentiaX. And the buyer can easily see that policy and purchase the policy.
- The buyer will offer some amount to the seller and some documents will be required for transferring the policy.
- After the seller submitted the insurance policy document. Then the insurer can transfer to the new buyer of the policy.
- When all the documents are uploaded by the seller. Then the buyer will receive the funds from the seller.
Benefits of tradable policy:
Fixed investment: The insurance policy is run for the very fixed duration and the value will not be changed. And you can easily trade those policies even before the maturity and earn some profit.
High liquidity: In the tradable insurance policy will provide the liquidity for the owner. The owner can resale the insurance policy or can surrender the policy to the insurer for liquidity.
Elimination of policy: The insurance policy can run for the one to two years to take the majority cost. So if you are looking to buy a policy from the secondary market it would very beneficial for you. Because the cost of the majority will pay by the original buyer.
ROI: Insurance policy is very beneficial for the individuals as well as for the companies too. The insurance company will not pay all the dividends for the very first time. They kept some of the amounts and reserve them. Because if any loss happens to the company then they will use that to maintaining the ROI.
The fidentiaX is one of the online brokers for trading the policy in the marketplace. They provide the various kind of function to their clients. They have developed a platform where the insurer can list their policy at their own price. And sell the policy to the interested buyer very quickly. They have the secured seller and buyer in their site. The tradable insurance policy is very beneficial for the individual if they are purchasing from the secondary market. For more help and information you can easily visit their official site tradable insurance policy.