{"id":4300,"date":"2023-07-28T09:59:41","date_gmt":"2023-07-28T01:59:41","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=4300"},"modified":"2023-07-28T09:59:41","modified_gmt":"2023-07-28T01:59:41","slug":"daily-markup-796-yas-announces-blockchain-powered-microinsurance-coverage-for-luxury-watches-plus-more-from-this-week","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=4300","title":{"rendered":"Daily Markup #796: YAS announces blockchain-powered microinsurance coverage for luxury watches, plus more from this week"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/UvGFvss1oMts6v2UkyJ9j9815willVbxmEYAzHGBn1oRP7jAs7idw_i0-alY9z7SB-WQng1L7XJsZ5Fti9tX78O4K1rOGIGMVXi5suKMSNgFRXpk8_gtBJ98dzUks0eOi_ts0BIWDztVVytyN_jQhNM\" alt=\"\" \/><figcaption class=\"wp-element-caption\">Credit: YAS<\/figcaption><\/figure>\n\n\n\n<p><strong>Keeping a close watch<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Luxury watches are more than just accessories to some \u2014 they could be investment assets, valuable mementos, or even family heirlooms. 500-backed microinsurance company <a href=\"http:\/\/yas.io\/\">YAS<\/a> developed a revolutionary luxury watch insurance program <a href=\"https:\/\/yas.io\/en\/timecare\/\">TimeCare<\/a>, powered by blockchain technology, to help safeguard these valuable timepieces.<\/li>\n\n\n\n<li>According to the team, TimeCare sets an unprecedented standard in the insurance industry, combining cutting-edge technology and protection to cater to the unique needs of luxury watch enthusiasts worldwide.<\/li>\n\n\n\n<li>The policy comes with the watch purchase process and seamless claims processing in addition to establishing an indisputable record of ownership and authenticity.<\/li>\n\n\n\n<li>TimeCare securely and permanently records policy details, coverage information, and watch records, including guarantee card details for watch buyers.<\/li>\n\n\n\n<li>This is welcome news for the watch enthusiast, who typically can only opt for conventional home insurance policies that provide limited coverage and inconvenient value appraisal methods for luxury items.<\/li>\n\n\n\n<li>On the other hand, TimeCare will cover up to US$12.8M. YAS will also be working with luxury brands around the world, starting with an Asia-renowned luxury watch retailer from Hong Kong.<\/li>\n\n\n\n<li>William Lee, Co-founder of YAS said, &#8220;TimeCare is more than just insurance; it represents a commitment to trust, transparency, and efficiency as we build the future of insurance for the new generation. We believe TimeCare will be a singular moment in time where we start to redefine how insurance works.\u201d<\/li>\n\n\n\n<li>That\u2019s not all \u2014 TimeCare aims to expand its reach, covering other regions and luxury products.<\/li>\n\n\n\n<li>Read the full story <a href=\"https:\/\/bit.ly\/451rjPc\">here<\/a>.<\/li>\n<\/ul>\n\n\n\n<p><strong>Other stories you may have missed:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/bit.ly\/dailymarkup792\">CARSOME<\/a> introduces complimentary insurance coverage to protect the unemployed<\/li>\n\n\n\n<li><a href=\"https:\/\/bit.ly\/dailymarkup793\">Grab<\/a> honored as \u2018TIME100 Most Influential Companies\u2019 for building an inclusive digital economy in SE Asia<\/li>\n\n\n\n<li><a href=\"https:\/\/bit.ly\/dailymarkup794\">Transcelestial<\/a>\u2019s laser networks are breaking boundaries in spacetech for Singapore<\/li>\n\n\n\n<li><a href=\"https:\/\/bit.ly\/dailymarkup795\">GoWork<\/a> business grows over 2x with \u2018scale-as-a-service\u2019 for companies to build complete &amp; connected satellite offices in Indonesia<\/li>\n\n\n\n<li><a href=\"https:\/\/bit.ly\/43Jgd0p\">Alodokter<\/a> acquired Diary Bunda \u2013 an app that helps mothers track their pregnancy \u2013 from Japan-based Marubeni Corporation<\/li>\n\n\n\n<li>Malaysian national carmaker Proton announced strategic partnerships with three companies including <a href=\"https:\/\/bit.ly\/43IlHsr\">CARSOME<\/a> to refine the disposal process of trade-in cars for customers<\/li>\n\n\n\n<li><a href=\"https:\/\/bit.ly\/3rIHWB0\">Laka<\/a> announced that they will be the official insurance partner for prestigious cycle brands Cervelo and Santa Cruz<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Keeping a close watch Other stories you may have missed:<\/p>\n","protected":false},"author":5,"featured_media":4301,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322,319],"tags":[547],"class_list":["post-4300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","category-weekly-roundup","tag-yas-microinsurance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - 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