The startup operates a decentralized insurance platform that utilizes artificial intelligence and smart contracts to enable groups to collaboratively create insurance policies and automate claims processing. This approach reduces administrative and operational costs, making insurance more affordable for clients.
Funding
$700K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional insurance models often involve high administrative overhead and operational costs, leading to expensive premiums and inefficient claims processing. The complexity of policy creation and management can also limit accessibility and customization for specific groups or communities.
Solution
Tezsure offers a decentralized insurance platform built on the Tezos blockchain, leveraging AI and smart contracts to streamline insurance processes. The platform enables groups to collaboratively design and create tailored insurance policies, automating claims processing through smart contract execution. By removing intermediaries and automating key functions, Tezsure aims to reduce costs, increase transparency, and provide more accessible and customizable insurance solutions. The platform focuses on building developer tools and DeFi products on the Tezos blockchain.
Target Audience
The primary target audience includes groups, communities, and decentralized autonomous organizations (DAOs) seeking customized and affordable insurance solutions, as well as developers building DeFi applications on the Tezos blockchain.
Features
- Decentralized insurance platform operating on the Tezos blockchain
- Collaborative policy creation enabling customized insurance products
- Automated claims processing via smart contract execution
- AI-powered risk assessment and fraud detection
- Tools for developers to build DeFi applications
- Mobile Tezos wallet with NFT compatibility