"Simply Carrots"

Project created for the RGAx-AURA Blockchain Hackathon, September 10, 2016

Team "Outside the Block"

• @bkcompton - Brain Compton

• @clspecter - Caroline Specter

• @pkota - Praveen Kota

• @scrain - Shawn Crain

Business Case

Distribution Landscape

• Average Insurance Agent Age = 59

• From 2015 to 2018, we will lose 1 in 4 agents.

Simply Carrots

• Blockchain-backed

• Incentive System

• Recruit new Agents right out of college

• Motivations:

  • College Loan Debt

  • New gadgets (Xbox, iPhone)

  • More $$$

Blockchain Benefits

• Establishes Incentive Programs and Offers with guaranteed outcomes

• Offer terms cannot be changed

  • Records progress toward goals

  • Cannot be tampered with on either end

  • Creates transparency to the Agent

What’s Next?

• Recruit and Incentivize (College Campuses)

• Capture 0.035% of the market in Year 1 (3-4 out of every 10,000 policies sold)

• Goal: 1% market share by 2023

• RGA collect Agency commissions

Total Revenue Over 10 years:

• ~$6 Billion

• Present Value of ~$3.8 Billion (Based on 4.5% rate)

Technology Used

• Ethereum

• Embark Framework

• Geth (Go Ethereum)

• Application Framework: Grails 3 (AngularJS Profile)

• UI Kit: Bootflat (based on Bootstrap)

To Run

Clone the project and execute the following command:

gradlew bootRun