Introduction

Oida aims to make claims transparent, paperless and efficient for both personal and business insurance. Backed by blockchain technology Oida will allow a secure, immutable, distributed and digitised low cost solution. By moving insurance claims onto an immutable ledger, blockchain can help eliminate common sources of fraud in the insurance industry.

Technology

  • Identity Management

    Customer information can be shared among the firms enabling quick customer on-boarding and instant policy issuance to enhance customer experience.

  • Fraud Management

    DLT enables asset provenance and full transaction audit trail to be established within a single source of truth.

  • Smart Contracts

    Using smart contracts we can be sure of the integrity of the business rules and conditions of an insurance policy.

Our Offerings

Oida claim utility currently allows instant claims for the flight delays for travellers giving an friction-less experience without the hassle of chasing insurance or waiting for payments whilst giving full transparency of the whole process to both the consumer and the insurer allowing a trustable relationship with enhanced customer experience.

About

Oida is a insurtech startup based in London. We are currently looking for insurance partners in Europe.