According to a June 8 press release from Dash, 88i Segura Digital is the first Brazilian digital insurance company to focus on customers and service providers in the mobility, delivery, fintech and e-commerce industries. The company, which uses AI to simplify the insurance process, already has partnerships with Brazil’s leading digital companies such as Pic Pay, Vá de Taxi, U4Crypto and Bitfy.
88i will use the $ 250,000 investment to implement Dash’s blockchain technology into its insurance products and incorporate $ DASH as a payment method. The company will also expand its infrastructure and improve digital marketing to accelerate the adoption and commercialization of insurance solutions.
This year the company expects sales of 50,000 insurance policies and revenues of approximately $ 1.38 million. For 2022, however, the company forecasts more ambitious results and expects sales of over $ 13 million.
Gustavo Fiqueiredo, CTO at 88i, said that pricing, bidding, and digital policy issuance require the company to be anchored to a wide variety of technologies, including blockchain. The technology can build trust in a trustworthy ecosystem and will have a positive impact on the insurance industry.
“With its extremely fast network, Dash enables micro and nano insurance to be registered in real time. Policies can be captured and easily reviewed, and claims can be paid for very quickly, ”he explained in the announcement.