Award Applications

InsureVite is a making a huge difference in the industry. More importantly, InsureVite will help transform lives of many people who are either uninsured or underinsured. By making insurance accessible, and making their insurance journey a delightful one, we believe that more people would not mind taking on coverage for themselves, their loved ones, their belongings, and their properties. In addition, we believe InsureVite will help those who might have difficulty taking out insurance coverage from insurers because of their past records. By reducing costs, we believe in making insurers more comfortable with taking on the additional risks, because with higher premiums but lowering overheads and other operational costs, the insurers can have more margin to administrate and payout claims, if ever necessary. In addition, we'll provide insurers with more options to provide new insurance policies that they are previously unable to provide, such as peer-to-peer insurance. This will enable them to provide more variety of products, but at an affordable price, leading to potential universal coverage, not requiring government intervention, because there is an incentive for them