Vancouver, British Columbia–(Newsfile Corp. – June 7, 2022) – Ocean Falls Blockchain Corp. (“OFB” or the “Company”) is pleased to announce that SuretyBlock, OFB’s first blockchain application launching this month, is now whitelisting digital asset contributors to the platform’s reserve pool.

SuretyBlock is a decentralized solution for captive insurance providers with its first product, Eagle1, launching in June 2022.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8050/126689_suretyblocklogo.jpg
SuretyBlock is a decentralized captive insurance solution that aims to provide trade associations, organizations, and event organizers with the option to insure themselves against various liabilities using the power of blockchain technology to pool and distribute funds.
Marsh, a global leader in insurance broking and risk management, reported that the gross written premiums in the captive insurance industry grew from US $54 billion in 2019 to nearly $61 billion in 2020. If similar year-over-year trends continue, then gross written premiums could grow to well over $100 billion by 2030.
SuretyBlock’s decentralized solution for the captive insurance industry can help reduce the combined cost ratio down to 80 percent, compared to traditional market solutions that have a combined cost ratio of as much as 90 percent and upwards. This can result in a potential increase in profitability by as much as 20 percent or more.
Other benefits of captives include broader coverages, lower premiums, profit sharing, customized coverages and improved cash flow and claims handling.
The first decentralized product from SuretyBlock, called Eagle1, will be launching this month. Eagle1 is a Hole-in-One insurance platform for the golf industry, making it easier, quicker and more efficient for hole-in-one prizes to be obtained and issued on golf courses. The decentralized solution can support golf associations and tournament organizers with unique and custom hole-in-one prize-pools and payouts.
“Insurance is a heavily intermediated business. Captives offer the best opportunity to showcase the disintermediation benefits of blockchain technology in a way that clearly benefits insureds and the groups that represent them,” said Kevin Day, CTO at OFB and the head of SuretyBlock.
In March, SuretyBlock signed a fronting agreement with Fortress Insurance, a well-capitalized national Canadian insurance provider operating since 2004. This fronting agreement enables SuretyBlock to enlist and serve trade associations, organizations, and event organizers across western Canada.
SuretyBlock’s underlying technology will be adapted for glass repair, weather, and strata insurance solutions. The first two applications, glass repair and weather, are expected to launch by Q4 2022.
Those interested in joining the contributors whitelist for SuretyBlock’s reserve pool can email at info@suretyblock.com.
About SuretyBlock
SuretyBlock is a decentralized solution for captive insurance providers. SuretyBlock is the first blockchain application developed by Ocean Falls Blockchain Corp. Visit oceanfalls.com for more information.
For further information, please contact:
Oded Orgil
Chief Executive Officer of OFB
oded@oceanfalls.com
Forward-Looking Statements
This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements in this news release include, but are not limited to: offering of secure assets custody and management of funds, improvement of wallet security and custodial capabilities and future changes that may be implemented as a result of integration of the Fireblock Network and MPC protocols. These statements are based upon information currently available to OFB’s management. All information that is not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements may be identified by the use of terms such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “project”, “will”, “would”, and “should”. Forward looking statements contained in this news release are based on certain factors and assumptions made by management of OFB based on their current expectations, estimates, projections, assumptions and beliefs regarding their business and OFB does not provide any assurance that actual results will meet management’s expectations. While management considers these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect. Such forward-looking statements are not guarantees of future events or performance and by their nature involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Although OFB has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, other factors may cause actions, events or results to be different than anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking information. OFB does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws.
###
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/126689
Yahoo Finance Live anchors discuss reports that Franchise Group is looking to purchase Kohl’s for nearly $8 billion.
Cathie Wood kicked off the new trading week on a buying spree. The CEO and co-founder of ARK Invest was busy buying stocks on Monday, picking up the pace after laying low on a lot of market days over the past month. Wood added to her existing exchange-traded fund stakes in Twilio (NYSE: TWLO), Roku (NASDAQ: ROKU), and Tesla (NASDAQ: TSLA) on Monday.
Yahoo Finance Live breaks down the news surrounding several trending stocks, including Keurig Dr. Pepper's addition to the S&P 500, replacing Under Armour in the index.
As if investors weren’t jittery enough about the state of the global economy, Tesla (TSLA) CEO Elon Musk has now further added to the heebie-jeebies. In an email to Tesla employees, Musk said the company will not only pause hiring but that it will have to let go of 10% of the workforce. If that wasn’t bad enough, Musk also said he had a “super bad feeling” regarding the economy. Should investors go into panic mode, then? Maybe not quite yet, although according to Morgan Stanley’s Adam Jonas, wit
Yahoo Finance Live’s Julie Hyman discusses the rise in shares for Shopify amid shareholder approval for 10:1 stock split.
Stocks have sold off heavily since the start of this year, with a 14% decline in the S&P 500 and a bearish 22% drop in the NASDAQ. But while the selloff is broad-based, it’s not affecting everything. Oil stocks have proven resistant to the downward trend, buoyed by high prices for crude at the wellhead and gasoline at the pump. And with summer driving season underway to goose demand, and inflation rising steadily, we can expect that the high energy prices will continue for the foreseeable future
In this article, we discuss the 10 undervalued blue-chip stocks to buy now. If you want to skip our analysis of these stocks, go directly to the 5 Undervalued Blue Chip Stocks to Buy Now. Blue-chip companies are considered to be established and large-scale organizations with a rich history of long-term stable financial performance. These […]
Yes, consumer goods giant Procter & Gamble (NYSE: PG) is facing extreme inflation. This is the crux of the reason P&G shares are down more than 10% just since April and trading back to where they were priced as of November. What investors may not be fully appreciating, however, is how resilient consumers' loyalty to P&G's brands is.
Do you have fogged reading glasses and blind spots when it comes to retirement planning? Financial advisors say clients ignore or avoid certain especially touchy retirement topics and costs. Steep long-term care insurance and costs and skyrocketing health care and Medicare payments need to be addressed in your retirement plan.
(Bloomberg) — Elon Musk formally and forcefully revived his assertion that Twitter Inc. has a serious bot problem, and threatened to walk away from his deal to buy the company if the social network doesn’t do more to prove its users are real people.Most Read from BloombergAmazon’s Stock Split Delivers More Than Bargained ForApple Unveils Biggest MacBook Air Redesign in Over a DecadeInflation Is Poised to Ease According to These Three Key IndicatorsUS Probes Binance Over Token That Is Now World’
The stock market has struggled to sustain any sort of gains, and Tuesday morning, it appeared that Wall Street would once again let a minor market rally on Monday start to slip away. S&P 500 (SNPINDEX: ^GSPC) futures had fallen 31 points to 4,090, and Nasdaq Composite (NASDAQINDEX: ^IXIC) futures had lost 122 points to 12,482. A lot of buzz among stock traders has come from Amazon (NASDAQ: AMZN) and its recently completed 20-for-1 stock split.
Investors in the video game retailer might be reacting to reports that they are tiring of waiting for a huge short squeeze.
Putting away $4 million for retirement is a great accomplishment. However, you're likely wondering how much interest $4 million earns per year. Predicting how much interest your nest egg earns will help you decide if it's enough to support your … Continue reading → The post How Much Interest Does $4 Million Earn Per Year? appeared first on SmartAsset Blog.
Novavax (NASDAQ: NVAX) and Vaxart (NASDAQ: VXRT) are both biotechs which rose to prominence as a result of their efforts to develop and commercialize a coronavirus vaccine. Only Novavax has largely accomplished that goal so far, though its product isn't yet approved for sale in the U.S. But do its recent successes make it a better buy? The argument for buying Novavax is that in the near term it'll be raking in global sales of its coronavirus vaccine, which will continue to get approved for use in more and more jurisdictions.
Every investor knows that the path toward profits lies in buying low and selling high. That’s a basic precept of any economic trading system. The trick, however, is recognizing when the stock is low enough to buy in. The prime moment to buy is when the stock hits bottom; that will maximize returns when the share price starts to rise again. There are a multitude of possible clues investors can use to find the price bottom; today, we’ll be looking at insider buying trends. Insiders – the corporate
Investors in CrowdStrike (NASDAQ: CRWD) are doing the wave Monday afternoon as shares of the cybersecurity expert surge 5.2% in afternoon trading, 2:20 p.m. ET. This morning, investment megabank Morgan Stanley upgraded shares of CrowdStrike to "overweight" (a compliment on Wall Street that means the stock is predicted to do better than its market) and raised their price target to $215 per share, as StreetInsider.com reports. Morgan Stanley praised CrowdStrike as the "leading cybersecurity franchise" in a growing market with "durable" demand for cybersecurity.
These passive income powerhouses, with yields ranging from 8.2% to 13.2%, are ripe for the picking by opportunistic investors.
Does the June share price for Walgreens Boots Alliance, Inc. ( NASDAQ:WBA ) reflect what it's really worth? Today, we…
After months of anticipation, Amazon (NASDAQ: AMZN) has finally split its stock 20 for 1. In many ways, Amazon's 20-for-1 split is like exchanging a $20 bill for 20 $1 bills. The e-commerce arena has long been dominated by Amazon.
Target stock tanked Tuesday morning, triggering a broader landslide among retail stocks, after the retail giant downgraded its second-quarter guidance. Target (TGT) is the most recent large company announcing plans to shore-up operations in the face of worrisome economic conditions. The Minneapolis-based company slashed its Q2 operating margin forecast to 2%, down from 5.3%. After the announcement, Target stock dropped…

source

Lascia un commento

Il tuo indirizzo email non sarà pubblicato. I campi obbligatori sono contrassegnati *