1. INTRODUCTION

Progressive automation, ever-evolving technological capabilities, and the pandemic situation in the world have accelerated another revolution — the money revolution. Robots are as of now being used in everyday human activities. Widespread and improved technology, and consequently economically justified automation, allows the use of technological innovations also in small and medium-sized enterprises.

The insurance industry in Switzerland is currently undergoing a transformation. Regulations that limit the benefits of intermediaries (2021) are prompting the search for alternatives and thus a place for automated platforms such as SARA.

Switzerland is an example of how the global trend has become apparent. Customer contact has been reduced, the integration of cryptocurrency payments into everyday life is not in question. The race is on to become the technological leader in the insurance industry.

2021 — another upward trend in the cryptocurrency market is spotted, followed by another wave of new ideas, including a wave of capital to implement them.

SRA is a token that allows users to access all of Sara’s cryptocurrency services

– Using AI advisor services,

– comparing policies,

– creating your own mathematical formulas in the form of NFT tokens — insurance policies,

– Creating risk groups, which is what an insurance company is at the moment.

2. DISCLAIMER

• We have consulted with our legal counsel, and have been advised that our token or its related sale is not considered a security. We are operating as a company selling Tokens that will be used as a form of value within the Crypto Sara ecosystem. Our platform currently specializes in the management of insurance policies, and if we determine that any service offering does fall within the scope of a regulation we will be applying to have it regulated in our respective jurisdiction once the token sale has closed. Our token is not a security since it is simply a form of payment we will accept on our platform relative to the mainsale — users have no rights attached to the Token, outside of the participation access provided by ownership of the token. Our platform is separate from the Token, and although offerings on the platform may be classified as a securities, regulated commodities, or otherwise, and if determined to be so, the platform will be licensed and regulated accordingly so as to be able to offer such services legally. We intend to offer a service through the platform, and are now accepting prepayment for the service in the usage Tokens, however the Token sale and the platforms features are separate for all sakes and purposes.
• This is not an investment product. This document does not constitute investment advice or counsel or solicitation for investment in any security and shall not be construed in that way.
• This document does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor for the tokens.
• This is not a company share stock/derivative. It is a sale of a digital asset.
• The purchase price of SRA Tokens is quoted in USD value. All confirmed purchases and associated transactions, inclusive of token recall request, shall be dominated in the USD equivalent of any cryptocurrency tendered at the time of payment.
• The payment for the Tokens may be made by Users only in the cryptocurrencies mentioned on the Website and not in any fiat currency in the manner specified in the Website and/or any of the Agreements.
• The Tokens offer no rights to profits of the Company.
• There shall be no refunds available for this token sale, as ALL SALES ARE FINAL.
• All references herein to the Crypto Sara, Sara AI, Sara Platform brand refer to Crypto Sara Waszczuk, located at Baarermattstr. 8b 6340 Baar, Switzerland
• Right of Recall — Company reserves the right to recall any token purchase, and void this agreement due to regulatory restrictions, legal changes, or other regulatory policies affecting the sale of SRA tokens to any particular token purchasers, and provide the affected token purchaser the USD value, of the recalled SRA TOKENS, valued from the time of the original date of sale.
• The Tokens are not designed or disingenuously devised to acquire stock or money, or any expectation of profits.

3. DESCRIPTION OF THE MARKET AND THE PROBLEM

Numbers

Swiss insurance companies achieved an aggregate result for the 2019 financial year of 15.2 billion Swiss francs, corresponding to an increase of 44 percent compared to the previous year. While life insurers reported a moderate increase in annual profits (+8 percent to 1.5 billion Swiss francs), non-life insurers recorded an actual jump in profit of 3.3 billion Swiss francs or 49 percent to 10.1 billion Swiss francs. Compared with the previous year, significantly higher profits from investment activities were a major factor in the improved annual results. Reinsurers increased their annual profits from 2.4 billion Swiss francs in the previous year to 3.6 billion Swiss francs in the reporting year (+49 percent).

Swiss insurers’ own funds increased by a total of 3.9 billion Swiss francs or 4.7 percent 87.8 billion Swiss francs in fiscal 2019. Return on equity was able to increase by 4.73 percentage points 17.34 percent will be increased. The coverage ratio of related assets increased by 1 percentage point in the year under review and stood at 112 percent at the end of the year. The solvency ratio according to the Swiss solvency test was 226 percent and increased by 7 percentage points compared to the previous year.

Source: Finma, Insurance Market Report 2019

Total equity capital total market
in billion swiss francs

Source: Finma, Insurance Market Report 2019

Summary

The insurance and banking industries are the largest economic sectors in the Swiss market in terms of capital. The previous charts show the enormous importance of this sector — the equity value of insurance companies was CHF 87.9 billion in 2019, with an annual income of 15.2 billion.

The growth of the insurance industry due to the number of jobs in 2017, despite widespread digitization, outpaced other sectors. The potential and trends are apparent. Market changes and pioneers who seize the opportunity to improve an outdated system have the chance to gain a share in Switzerland’s most successful sector.

Problems

– lack of innovation in how policies are written, including payments and electronic signatures,

– toxic market of door-to-door insurance advisors,

– pandemic limiting contact with customers,

-constantly rising insurance prices.

4. DESCRIPTION OF THE PRODUCT AND HOW IT’S GOING TO SOLVE SAID PROBLEM

The cryptocurrency used to access the company’s products is a token built on the Ethereum platform in the form of an ERC20 token.

ERC-20 emerged as a technical standard; is used for all smart contracts in the Ethereum blockchain for implementing tokens and lists the rules that all Ethereum-based tokens must follow.

ERC-20 is in some ways similar to Bitcoin, Litecoin, and every other cryptocurrency; ERC-20 tokens are blockchain-based assets that have value and can be sent and received. The main difference is that instead of running on its own blockchain, ERC-20 tokens are issued on the Ethereum network.

ERC-20 defines six different functions

ERC-20 defines six different functions in favor of other tokens in the Ethereum system. These are the basic functional considerations in general, including the method of sending tokens and how users can access data related to a specific token.

All in all, this set of features and signals ensures that Ethereum tokens of different types will work uniformly anywhere in the Ethereum system. As such, almost all ethernet digital wallets also support ERC-20 compliant tokens. But since the ERC-20 standard is still in birth, there are likely to be bugs that need to be fixed. To cite an example of one such past glitch: Ethereum tokens sent directly to the smart contract were used to lose money as a protocol error meant that the token contract could not respond to a direct transfer attempt, resulting in a “loss” of money related to it by bank transfer
The Ethereum platform has been constantly evolving and introducing new opportunities for years. The size of the network is a guarantee of security, and the time of existence on the market proves the advantage of the platform over other projects with the smart contract function.

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Source: https://foundation-22859.medium.com/sra-white-paper-v-1-414e3f2b68b?source=rss——-8—————–cryptocurrency