The concept of insurance has long been established and the insurance industry in the world has a long history of development. In Egypt, stone carpenters have established a "mutual fund" to help victims of accidents. From then on, the activities of the nature of insurance developed gradually according to the development of human society. Starting with the form of simple reserve mutual funds, insurance types are gradually formed and developed.
Marine insurance is considered to have the earliest history of insurance in existence today, and it has laid the foundations for the future development of insurance. One of the first insurances was found in the insurance policy issued in 1347 in Genoa, Italy. However, by the end of the 15th century, new marine insurance really developed.
Fire insurance was born after maritime insurance and was the main field of activity for insurance companies in the early years. In the crowded cities of Europe, homes are mostly made of wood and fire is used for heating, lighting ... Therefore, the risk of fire is very high, requiring the birth of the insurance companies provide fire services and compensation for damage occurred to the insured when the fire occurred.
Life insurance comes rather soon after marine insurance but due to lack of scientific basis should be prohibited by church. By the 17th century, Ferma, Pascal and then Bernoulli gave birth and developed the probability of mathematical statistics. The scientific basis of insurance has been formed. The first life insurance company was founded in the United Kingdom in 1762. By the end of the nineteenth century, the beginning of the twentieth century, the world economy was developing, new insurance services were born in order to protect Assisting with new risks: aviation insurance, construction and installation insurance, oil and gas exploitation insurance ... In addition to the insurance companies, the reinsurance organizations have contributed to bring about strong and solid day-to-day developments of insurance worldwide.
Today, as human life improves, human life expectancy is on the increase. Therefore, there is a need for more health and retirement insurance. Prudential Insurance UK is one of the world's leading insurers. McKinsey Consulting predicts that Asia will account for 40% of growth in the global insurance industry in the coming years.
VERNAM PROJECT
The insurance industry has not changed significantly over the last several centuries. And there is a problem that has existed so far. The average commission of insurance brokers is approximately 15-20%, which increases the price for end customers without providing particular value added services. Customers are typically unaware about the incentives that insurance companies offer to brokers and therefore have no understanding whether the advice of a broker is in their best interest or not. This fact gradually erodes confidence and leads to decreased customer loyalty. There is also a problem that is not transparent in the cost of insurance. Customers may incur higher charges than they would otherwise have been aware of. Very few people understand the nature of the payment made to brokers. However, Vernam will fully solve this issue.
VERNAM provide an online solution which can optimize pricing and increase information transparency for end clients, while maintaining the current level of customer service. All of them are implemented on blockchain technology in a transparent and confidential way. Their vision is transform the insurance sector into a fair and honest environment. Let's see what they can do.
WHO BEHIND THE PROJECT?
Behind the success of the project can not fail to mention the contributions of the development team and the advisory board. The following is the information of some key members. The rest of you can see more details at their official website:
- Roman Angelov - CEO, Co-founder: CEO of DIMIROMA GROUP, leading Bulgarian consulting, IT and digitization company. Rewarded DNI Innovation funding by Google.
- Georgiev - COO, Co-founder: Member of the board of directors of one of the biggest holdings in Bulgaria. Founder and manager of a successful mobile app development company.
- Dipl. Eng Dimitar Mitrev - CBDO, Co-founder: Experienced in creating and managing different B2B IT projects. CEO of DEAFOR. Member of the Bulgarian Association of Information Technologies (BAIT).
- Todorov - Cybersecurity Expert: Founder of TAD GROUP, the first cybersecurity company in Bulgaria. CEO of Subway Bulgaria and Romania.
Some advisor:
TOKEN SALE
Start of token crowdsale: N/A 2018
Token symbol: VRN
Type: ERC-20
Total token supply: 1.000.000.000 VRN
Soft Cap: 40.000.000 VRN
Hard Cap: 500.000.000 VRN
Minimum transaction amount: 0.1 ETH, 0.01 BTC, 1000 USD
Price: 1VRN = 0.051 - 0.085 USD
The unsold tokens will be burned
The crypto currencies exchange rates(ETH,BTC), used during the event will be locked to the first day of the crowdsale
Token sale event stages
Token distribution
- 50% will be availble in the Token Sale.
- 20% VRN will be locked in a smart contract and used only for covering our CryptoSafe insurance product.
- 15% will be awarded to the project founders and the Vernam team to recognize their role in digitizing the insurance industry.
- 7% will go to our advisor’s, half of which locked and other “project champions”.
- 5% Liquidy Fund will be used for reserve to cover operating costs.
- 3% will be distributed to early stage project supporters in the form of Airdrop and Bounty.
Use of proceeds
- 30% of the token sale funds will be allocated to cover social platform and other marketing channels, including website and content development, the organization of events, etc.
- 25% of the proceeds are expected to cover the platform development costs (blockchain platform, desktop and mobile clients).
- 25% will be substantial, given the platform’s target of registering brokers in two EU countries by Q2 2019 and covering 8 countries by the end of 2020.
- The remaining 20% will be used for network development.
CONCLUSION
VERNAM is a very promising and worthwhile investment. VERNAM received a very positive feedback from professional community and high rating from rating agencies. However, more effort is needed to compete with other competitors in the market . The team consists of people with long experience of blockchain technology and IT. The project has ambitious vision for the benefit of people in the insurance sector. Join now for great experiences!
USEFULL LINKS
Website: https://www.vernam.com/
Whitepaper: https://www.vernam.com/assets/uploads/Whitepaper_Beta_v015.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3092577
Telegram: https://t.me/vernam
Twitter: https://twitter.com/vernamofficial
Medium: https://medium.com/@vernam.official/
Github: https://github.com/Vernam-ICO
Reddit: https://www.reddit.com/r/VernamICO/
Author:
Bitcointalk username: kld_hp
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1014734