11.3 How We Use Your Information

The data we collect serves several critical functions for the operation of the platform. Specifically, we use this data to:

1. To Provide and Improve Services:

• Account Management and Authentication: We use your personal information to create, authenticate, and manage your account, and provide access to services including purchasing insurance-backed NFTs and processing transactions.

• Platform Functionality: To facilitate seamless operations, such as processing insurance claims, managing staking, and handling premium payments.

2. To Communicate with You:

• We may use your contact information to send important updates about your account, transactions, claims, and maintenance schedules.

• Additionally, we may send promotional communications regarding new features, services, or special offers. You have the right to opt-out of receiving such communications at any time by following the unsubscribe instructions provided.

3. To Enhance Platform Security:

• We use the collected information to monitor and prevent fraudulent activities, ensure compliance with legal obligations, and enforce platform security protocols, safeguarding both user data and platform integrity.

4. To Comply with Legal Obligations:

• In compliance with applicable regulations, we may process your personal information to meet legal and regulatory obligations, including tax filings, anti-money laundering (AML) requirements, or other financial reporting obligations.