Inmediate — An Insurtech Startup that provides the Insurance industry with that ecosystem where smart Insurance can be transacted at lightning speed, full clarity, and at much lower costs than ever imagined, has recently signed a Memorandum of Understanding (“MoU’) with American International Group or AIG. AIG is one of the top 10 insurance companies in the world and is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions.
This makes AIG the third announced partner of Inmediate. Japanese MSIG and Hong Kong-based FWD are the initial insurance partners that AIG will now join. Also, it is Inmediate’s intention to grow the number of its partners to 5 or more in the future, to make itself one of the most trusted and stable insurance technology startup that can provide seamless transactions for consumers and businesses alike.
Under the MoU the parties will co-develop smart contract-based insurance policies that will be tested on the Inmediate Network.
Once this project has been developed, this will enable customers to make good choices when buying insurance; providing them the convenience to do it in a simple, quick and carefree way while getting the best value for money.