Discover and read the best of Twitter Threads about #oinkoink

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For the last 100 years, innovation in the insurance industry has come down to who could make the funniest TV ad 🦎

With #web3 there is finally room for some REAL innovation in the insurance sector

A thread 👇
2/ Traditional insurance is fairly simple:

You acquire a policy which covers a specific type of loss (e.g. general or professional liability, worker’s comp, etc.), up to a designated limit.

You make payments, called premiums, at regular intervals to keep the policy active.
3/ Simple enough, right?

Well, probably not. Because if a triggering event occurs, how do you collect on the benefit of your policy?

The answer is, you must go through a lengthy and sometimes frustrating affair known as the claims process.
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