So... yet another ICO dressed up with an old-timey financial term as its primary buzzword. It isn't entirely clear why the new coin or the new company issuing

So... yet another ICO dressed up with an old-timey financial term as its primary buzzword. It isn't entirely clear why the new coin or the new company issuing it is necessary. If they can reduce the 15% overhead of insurers to 1%/year overhead of their system, someone else could make it into a smart contract that only costs the amount of vespene gas required to keep it running.