Highlighting recent developments in blockchain technology.
Jupiter, FLâ€” The award-winning Innovations w/Ed Begley Jr. television series will explore advances in blockchain technology as it relates to the life insurance industry. The episode is scheduled to air 3Q 2018 on FOX Business. Check your local listings for more information.
Today, individuals and corporates are viewing insurance as an asset class within their investment portfolio. However, barriers to entry, such as high mortality charges, difficulties in sourcing policies, and the manual transfer process, make it prohibitive to invest in an insurance policy. Policies purchased from the open market have various advantages due to the nature of how insurance products are structured, however, getting access to tradable policies from a trustless and reliable platform is not as straightforward.
In this segment, Innovations will focus on fidentiaX, the worldâ€™s first marketplace for tradable insurance policies powered by Blockchain Technology. Viewers will learn how fidentiaXâ€™s membership-based ecosystem provides a liquidity alternative to existing policyholders through a transparent, fair, and efficient platform, which allows tokenization of their existing policies.
In addition, the show will explore how fidentiaX is developing a trustless marketplace for buyers exploring tradable policies as part of their investment portfolio by leveraging on blockchain technology and its benefits to provide a secured transactional ecosystem.
â€śfidentiaX is delighted to be featured on award-winning Innovations w/Ed Begley Jr. television series. This is a fantastic opportunity to share the vision behind fidentiaXâ€™s marketplace, and show how we strive to disrupt the status quo by leveraging on blockchain technology, said Alvin Ang, CEO, Co-founder, fidentiaX Ltd.
He continued, â€śPolicyholdersâ€™ are often disadvantaged due to the lack of awareness that their insurance policies are tradable asset and there is alternative liquidity option in times of need. Its time we put policyholders back in the driverâ€™s seat with the help of technology.â€?
â€śThe model portfolio will be used to demonstrate the advantages of having tradable policies as part of an investment strategy,â€? said Michael Devine, Senior Producer for the Innovations series. â€śThe returns generated from the portfolio will be used to fund future development of the ecosystem. We look forward to bringing this information to the public.â€?
fidentiaX is a Singapore-based fintech startup that was launched in 2017 to disrupt the insurance market by leveraging blockchain technology to create an active market for tradable life insurance policies. The fidentiaX founding team consists of industry veterans with more than 35 years of experience in the banking and insurance industry.
For more information, visit: www.fidentiax.com.
About Innovations and DMG Productions:
Innovations, hosted by award winning actor Ed Begley, Jr., is an information-based series geared toward educating the public on the latest breakthroughs in all areas of society. Featuring practical solutions and important issues facing consumers and professionals alike, Innovations focuses on cutting-edge advancements in everything from health and wellness to global business, renewable energy, and more.
Backed by experts in various fields, and a team dedicated to education and advancement, DMG Productions consistently produces commercial-free, educational programming on which both viewers and networks depend.
For more information visit www.InnovationsTelevision.com or call (866) 496-4065.