It seems that on a weekly basis, we hear of another multi-million person breach at a financial institution, service provider or corporation. These breaches cause tens of billions of dollars in direct costs, and many multiples of that through indirect costs. Currently, the financial model for dealing with such breaches by financial institutions and service providers are to first insure the individuals or business owners that these breaches will not cost them a dime. Then to pass the losses suffered by the individual or business on to the insurance companies; who in-turn, pass these costs on to the re-insurers. When the re-insurers are not able to cover the losses, then governments must "bail-out" the re-insurers. When that happens, governments must then borrow the funds from the banks or simply print new money to cover the losses.
As a result, the value of that country's currency becomes diluted and inflation runs ramp-id. To keep control of inflation, governments must then raise taxes on the people. The economy slows and falters because there is less spending in the market place. As you can see, this is a very painful and agonizing "death" to any country's economy. However, re-insurers and governments have a very FINITE amount of money that can be allocated for all emergency situations. Natural disasters, terrorism and other general payable situations must also be taken from these limited resources. If the insurers and re-insurers financially collapse, then there is no non-governmental safeguard in place to keep the economy of the world functioning.
Hurricanes Katrina, Rita and Sandy; as well as the numerous financial breaches reported over the last 3 years have take a devastating toll on the cash reserves of the insurance industry. Keep in mind that without insurance, commercial airline, trucking, package delivery, food distribution and all forms of auto insurance will be null and void! Restaurants couldn't serve food; schools couldn't let children on the grounds, grocery stores could not sell food for fear of litigation. In effect, our economies collapse and our world stops cold in its tracks, immediately! OctSys was specifically and carefully designed to prevent all of these breaches before they happen. Preventing these breaches reverses the domino effect on world finances, and actually strengthens the liquidity of individuals and the institutions that we all rely upon. OctSys also has integrated Constitutional, Human and Civil Right protections designed into its core.
As a result, the value of that country's currency becomes diluted and inflation runs ramp-id. To keep control of inflation, governments must then raise taxes on the people. The economy slows and falters because there is less spending in the market place. As you can see, this is a very painful and agonizing "death" to any country's economy. However, re-insurers and governments have a very FINITE amount of money that can be allocated for all emergency situations. Natural disasters, terrorism and other general payable situations must also be taken from these limited resources. If the insurers and re-insurers financially collapse, then there is no non-governmental safeguard in place to keep the economy of the world functioning.
Hurricanes Katrina, Rita and Sandy; as well as the numerous financial breaches reported over the last 3 years have take a devastating toll on the cash reserves of the insurance industry. Keep in mind that without insurance, commercial airline, trucking, package delivery, food distribution and all forms of auto insurance will be null and void! Restaurants couldn't serve food; schools couldn't let children on the grounds, grocery stores could not sell food for fear of litigation. In effect, our economies collapse and our world stops cold in its tracks, immediately! OctSys was specifically and carefully designed to prevent all of these breaches before they happen. Preventing these breaches reverses the domino effect on world finances, and actually strengthens the liquidity of individuals and the institutions that we all rely upon. OctSys also has integrated Constitutional, Human and Civil Right protections designed into its core.