Company Performance Metrics
The present invention relates to an integrated cargo insurance platform designed to streamline trade transactions and enhance security through automated processes and predictive analytics. The platform receives requests for cargo insurance cover from users, linking them to their policies and accessing consent-enabled B2G data from their databases.
Utilizing smart contracts triggered by events in the user's database, the platform facilitates seamless transactions. It introduces cargo insurance tokens for swift claims settlements and automates responses for various types of losses. The platform's efficiency is highlighted by its ability to conclude contracts successfully in the absence of claims and process claims payouts within a 72-hour timeframe. Furthermore, the platform employs predictive analytics to monitor future events and prevent potential losses, while also providing valuable macro and micro indicators for informed decision-making in cargo trade.