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Black will use the blockchain to transfer risk directly from clients (insureds) to financial backers (Black Syndicate Token holders): minimizing all inefficiencies storing all data securely in blockchains transparent  business operations using smart contracts faster innovation by platform members
Black Platform Token (BLCK). BLCK powers the infrastructure, providing access to the platform and for conducting voting on system updates to the platform (utility token). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.
Black Syndicate Tokens (BST) (issued when the platform is ready). BST is an investment in insurance capital, and a specific BST is created for each syndicate (security token), The profitability of the insurance portfolio for a specific syndicate will pass-through to the holders of it’s BST.


It is built for insurance industry participants,including brokers, MGAs, insurers and investors.It connects insurance entrepreneurs with innovative ideas to the capital
they seek. All policies are written on blockchain, greatly reducing transaction costs and giving everyone an equal playing field for conducting business.
The Black platform creates a blockchain ecosystem for all parties that will bring transparency, democracy and efficiency to the insurance industry.

The team consists of insurance industry veterans and blockchain experts. It is a great mix of inside knowledge of the insurance industry, expertise on blockchain technology and the crypto space. Founders have over 18 years of experience in insurance software and saw the pressing need for a solution that would democratize the field through technology

What kind of insurance are you offering here? And if a person will use your platform, does he have to give all the details?

Good idea having an insurance with my crypto, interesting. I'm just confused with the two tokens so you mean that there's a token swap once the platform is ready or both them will circulate in the market? Hmmm. And also regarding the insurance, are you planning to do other kinds of insurance? Say life, other business etc.

a new breakthrough in the insurance world, does this give two benefits to customers? get additional rider from insurance program and get token ??

i see a lot of insurance project coming to this blckchain era,,
so,what is the main difference from the others insurance project ?
regards

How i can participate? What currencies do you accept during the ICO?

"How do we differ from other blockchain / insurance projects?" - we get this question a lot.

We indeed have plenty of blockchain / insurance related companies on our radar, including Etherisc, Blocksure, Insurepal, ixledger, PolicyPal, ChainThat, fidentiaX, InsurChain, B3i etc.

Now, in my mind, I'm seeing the blockchain / insurance landscape or positioning as follows (from simplest to most complex):

• Service providers create blockchain solutions for the insurance industry, without participating in the insurance vertical themselves
• Products companies create new, innovative insurance products (e.g. parametric insurance, IoT related stuff etc), by establishing a partnership with an insurance company to underwrite the policies, and sell to customers
• Insurance companies are product companies (above) that don't partner with an existing insurer, and attempt to become a licensed insurer themselves
• Marketplaces enable creation, capitalisation and distribution of insurance products for platform members, that can include other insurers, brokers, agents and all insurance industry members. This strategy also requires an insurance license, and much more.

As far as we know, Black is currently the only blockchain / insurance startup that is actively pursuing the marketplace strategy. The part of the value chain our positioning addresses, is the biggest and most fundamental - all insurance products in the world are created and capitalised, and currently the only ways are through an insurance company, or Lloyd's of London. We're adding a third option.

Hope this provides an answer, at least to a degree. Please don't hesitate to ask for clarification or elaboration.

Thanks!

Black is the only insurance startup that focuses on the "creation" of insurance products, not distribution or administration. You can find more detailed information in our technical documentation

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Very interesting progect. How can I participate?
[/quote]
+You can become our investor when the sale of the BLCK token begins.
Pre-sale 31. July - runs for 4 weeks
2. Public sale 31. August - runs for 4 weeks
Token Price - 1BLCK = $0.2
Max amount of tokens sold (including bonuses, referrals and discounts) 315 000 000
Max possible supply of tokens (including bonuses, referrals and discounts) 471 000 000
Unsold tokens will be destroyed
Soft cap $2 mln
Hard cap $45 mln
+You can take part in our Bounty Company (https://bitcointalk.org/index.php?topic=3379115.new#new)
+You can join the Black Insurance community in Telegram (https://t.me/BlackInsurance)

[moderator's note: consecutive posts merged]

Please list a few types of information that would be of interest to you! We have tried to provide many answers in the whitepaper, but always on a lookout to identify areas that are interesting to the community.

Hello. Here are the links
Website:
http://www.black.insure/

Twitter:
https://twitter.com/BlackInsure

Facebook:
https://www.facebook.com/blackinsure/

Telegram:
https://t.me/BlackInsurance

Linkedin:
https://www.linkedin.com/company/black-insurance/

The bonus model is not only a proven tool for customer loyalty, but also produces comprehensive and high-quality consumer data on this project.

An insurance in the blockchain tech. I've still wondering what kind of services who has this coins.
Will it also cover for health or some other services?

It will cover many projects. The team will decide whether the project is worth to finance or not

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For bounty campaign register please in telegram @blackinsurebot

[moderator's note: consecutive posts merged]

Interesting concept, any airdrop /bounty? Good luck !!

Hello. You can register for bounty campaign in telegram @blackinsurebot

i think this project very interesting and good because have a good concept and innovative idea from team that explains what it is? The Black Insurance is a B2B platform creates a blockchain ecosystem for all parties that will bring transparency, democracy and efficiency to the insurance industry. this is a good project.

Even though I have no expert view on how insurance business operate I am certain the entities that might in the future the choose to work with ur insurance vehicle, would demand a clarification on where ur hide ur coward anonymous ass. Theres a fundamental point of weakness that undermines ur theoretical business strategy: point of centralization. U are the middle man, untrustee, lame horse, u are the weakness.

Thank you. Stay with us for further news

hello dev, sorry if i ask about bounty here. based on data above this project will be finished sales of ICO in september and what bounty also finished in september? means bounty will run for 5 months? thank you

quote from website :
Token Holder Benefits
BLCK can be used to pay for services on Black platform. Black will guarantee that until 1st of January 2021 service fees paid with BLCK will be at least 20% cheaper than service fees paid in any other currency.

Does it have another benefit that aren't mentioned in the website, just as what i copied above?
Will that means this insurance is just some kind of infestation token, is it?

Black Insurance is like having many benefits, but is there any other age limitation criterion to be able to join ?
Here will guarantee until 2021, automatic this project will run long and need a relieble team, good luck for Black Insurance.

Black Insurance will use two types of tokens:
Black Platform Token (BLCK). BLCK powers the infrastructure, providing access to the platform and for conducting voting on system updates to the platform (utility token). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.
Black Syndicate Tokens (BST) (issued when the platform is ready). BST is an investment in insurance capital, and a specific BST is created for each syndicate (security token), The profitability of the insurance portfolio for a specific syndicate will pass-through to the holders of it’s BST.

Where can I find out more about the team of this project? Maybe, I did not read it on the official website, but I did not see it there. in general, I like the idea of this project.

Good idea having an insurance with my crypto, interesting. I'm just confused with the two tokens so you mean that there's a token swap once the platform is ready or both them will circulate in the market? Hmmm. And also regarding the insurance, are you planning to do other kinds of insurance? Say life, other business etc.

Don't forget to subscribe for us in social medias
Website:
http://www.black.insure/

Twitter:
https://twitter.com/BlackInsure

Facebook:
https://www.facebook.com/blackinsure/

Telegram:
https://t.me/BlackInsurance

Linkedin:
https://www.linkedin.com/company/black-insurance/

I think I still need a little clarification about the two tokens mentioned and also when is the bounty starting?

Is it compulsory to join all the channels?

Due to the various settings of telegrams, some users have difficulty connecting to the group. When using the link: https://t.me/BlackInsurance
there were difficulties?

Sounds good so far but I have a few questions?
1. What will be the use of the tokens exactly?
2 who are your competitors in the cryptoshpere?

As for the 2 kinds of tokens:
- Black Platform Tokens (BLCK) are utility tokens. Issuing policies, handling claims and other transactions cost users Black utility tokens (BLCK). There is a finite amount of BLCK, and the only way to transact on Black is to buy BLCK from holders on exchanges.
- Black Syndicate Tokens (BSTx) are securities tokens, and will be issued next year, when we have become a licensed insurance carrier. Syndicates issue BSTx tokens in ICO-s and invest the proceeds in various insurance products, created by the users of Black platform.

Now, what are Syndicates? Syndicates are groups of insurance professionals that create ICO-s on the Black platform, and invest in insurance products, also listed on the Black platform. For instance, some entrepreneur creates a crypto wallet insurance, and a syndicate invests in this product. The product can be now traded, and should it make profits, BSTx token investors share the profits.

Why don't investors invest directly in insurance products? Because managing an insurance product is a professional activity, requiring underwriting, actuary, claims handling and adjustment, and reporting capabilities. This is what Syndicate takes care of, in addition to selecting a well balanced portfolio of different insurance products to invest in.

Other kinds of insurance:

Black platform is product agnostic - users can list any type of product. Life, property, liability etc. It's up to Syndicates to select which products they invest in, and to Investors to decide which Syndicate they fund in ICO-s.

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Black platform is product agnostic - users can list any type of product. Life, property, liability etc. It's up to Syndicates to select which products they invest in, and to Investors to decide which Syndicate they fund in ICO-s.

Now, what are Syndicates? Syndicates are groups of insurance professionals that create ICO-s of BSTx tokens on the Black platform (x representing the number of the Syndicate), and invest in insurance products, also listed on the Black platform. For instance, some entrepreneur creates a crypto wallet insurance, and a syndicate invests in this product. The product can be now traded, and should it make profits, BSTx token investors share the profits.

Why don't investors invest directly in insurance products? Because managing an insurance product is a professional activity, requiring underwriting, actuary, claims handling and adjustment, and reporting capabilities. This is what Syndicate takes care of, in addition to selecting a well balanced portfolio of different insurance products to invest in.

[moderator's note: consecutive posts merged]

https://b.radikal.ru/b18/1804/ff/2a8afac3ce51.jpg (http://www.radikal.ru)

The key members of the Black team is listed on our website http://www.black.insure, together with LinkedIn profiles.

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In the broadest of terms, we need to accomplish the following things:

• Finish developing the blockchain enabled insurance platform that lays foundation to Black Insurance's business. Insurance policy administration is a notoriously complex thing, but our staff includes people with ~20 years of policy admin technology experience.
• Become a licensed insurer. In order to enable our users (Syndicates and Brokers) write any insurance policies, we need to be licensed. This requires reserve capital, and also involves significant legal costs.
• Attract Syndicates, Brokers and Investors to join the platform and start transacting business. This requires marketing and sales outreach.

We indeed have plenty of blockchain / insurance related companies on our radar, including Etherisc, Blocksure, Insurepal, ixledger, PolicyPal, ChainThat, fidentiaX, InsurChain, B3i etc.

Now, in my mind, I'm seeing the blockchain / insurance landscape or positioning as follows (from simplest to most complex):

• Service providers create blockchain solutions for the insurance industry, without participating in the insurance vertical themselves
• Products companies create new, innovative insurance products (e.g. parametric insurance, IoT related stuff etc), by establishing a partnership with an insurance company to underwrite the policies, and sell to customers
• Insurance companies are product companies (above) that don't partner with an existing insurer, and attempt to become a licensed insurer themselves
• Marketplaces enable creation, capitalisation and distribution of insurance products for platform members, that can include other insurers, brokers, agents and all insurance industry members. This strategy also requires an insurance license, and much more.

As far as we know, Black is currently the only blockchain / insurance startup that is actively pursuing the marketplace strategy. The part of the value chain our positioning addresses, is the biggest and most fundamental - all insurance products in the world are created and capitalised, and currently the only ways are through an insurance company, or Lloyd's of London. We're adding a third option.

However, please do list interesting competitors, should you know any!

[moderator's note: consecutive posts merged]

You can register for our bounty campaign on telegram @blackinsurebot

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https://a.radikal.ru/a26/1804/53/c3483a9d31ed.jpg (http://www.radikal.ru)

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Just one month of bounty campaign. Don't lose your chance to get free tokens.

[moderator's note: consecutive posts merged]

Good idea having an insurance with my crypto, interesting. I'm just confused with the two tokens so you mean that there's a token swap once the platform is ready or both them will circulate in the market? Hmmm. And also regarding the insurance, are you planning to do other kinds of insurance? Say life, other business etc.

I am also interested in it im vote this project thanx
Amazing ideas that will bring more way to make life easier and useful to help people in the future.
Your telegram link on the bot has some issues. Bot is telling that there is no chat. Please correct it

Hi. Register here @blackinsurebot

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https://preview.ibb.co/k1xhEH/IMG_20180426_204258_396.jpg (https://ibb.co/mYXFZH)

[moderator's note: consecutive posts merged]

Black is a digital insurance company on blockchain. Our platform connects insurance brokers directly with capital enabling them to launch their own virtual insurance companies. Thus removing the trusted third parties  from the value chain.Black will be a licensed insurance company that provides insurance capacity to Agents, Brokers and MGAs  enabling them to launch their own virtual insurance companies. Our capacity comes without the traditional overheads of insurance company while using blockchain as main platform to get rid of centralized insurance companies.

https://preview.ibb.co/dCzRtc/IMG_20180427_190938_003.jpg (https://ibb.co/fkazDc)

So the correct one using the Black  Segure, it will have the power to bethe brokerage house itself? Will the insurance be available for any type of service (home, life etc)?

Yes, there should be different type of insurance

Black Insurance will use two types of tokens:
Black Platform Token (BLCK). BLCK powers the infrastructure, providing access to the platform and for conducting voting on system updates to the platform (utility token). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.
Black Syndicate Tokens (BST) (issued when the platform is ready). BST is an investment in insurance capital, and a specific BST is created for each syndicate (security token), The profitability of the insurance portfolio for a specific syndicate will pass-through to the holders of it’s BST.

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https://preview.ibb.co/nhTTUS/IMG_20180430_120430_250.jpg (https://ibb.co/cBUDw7)

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We won 2nd place in d10e conference and got many contacts with potential investors and partners!
https://preview.ibb.co/f8Eab7/IMG_20180501_122353_072.jpg (https://ibb.co/er4xpS)

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Black Insurance will use two types of tokens:
Black Platform Token (BLCK). BLCK powers the infrastructure, providing access to the platform and for conducting voting on system updates to the platform (utility token). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.
Black Syndicate Tokens (BST) (issued when the platform is ready). BST is an investment in insurance capital, and a specific BST is created for each syndicate (security token), The profitability of the insurance portfolio for a specific syndicate will pass-through to the holders of it’s BST.

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https://preview.ibb.co/dkZvR7/IMG_20180430_120443_780.jpg (https://ibb.co/mFpUm7)

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https://preview.ibb.co/eA594S/IMG_20180430_120448_495.jpg (https://ibb.co/cVndyn)

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https://preview.ibb.co/eA594S/IMG_20180430_120448_495.jpg (https://ibb.co/cVndyn)

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Thanks for your feedback:)

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Lightpaper
https://www.black.insure/lightpaper.pdf
Whitepaper
https://www.black.insure/whitepaper.pdf

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We won 2nd place in d10e conference in Tokyo!
https://preview.ibb.co/gkDEPS/IMG_20180503_192813_603.jpg (https://ibb.co/eDdg4S)

[moderator's note: consecutive posts merged]

You will created 2nd type of tokens when platform will be ready or at the start and investors will have 2 kind of tokens?

When the platform will be ready.
Black Syndicate Tokens (BST) (issued when the platform is ready). BST is an investment in insurance capital, and a specific BST is created for each syndicate (security token)

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Team
The team consists of insurance industry veterans and blockchain experts. It is a great mix of inside knowledge of the insurance industry, expertise on blockchain technology and the crypto space. Founders have over 18 years of experience in insurance software and saw the pressing need for a solution that would democratize the field through technology

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https://preview.ibb.co/gmXmOn/IMG_20180503_131102_907.jpg (https://ibb.co/eNeBpS)


[moderator's note: consecutive posts merged]

Big insurance companies have over time gain monopoly over the insurance industry, leaving younger insurance entrepreneurs out of the picture. But with black insurance digital there will be a big opportunity for the insurance entrepreneurs to flourish. This is how the black insurance digital project works, it will capitalize on Ethereum Blockchain to create an insurance platform where clients can easily transfer their risk to the finance backers. The best part about black insurance digital is that for the first time insurance companies can now truly go global

https://preview.ibb.co/k1xhEH/IMG_20180426_204258_396.jpg (https://ibb.co/mYXFZH)

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Black Platform Token (BLCK). BLCK powers the infrastructure, providing access to the platform and for conducting voting on system updates to the platform (utility token). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.
Black Syndicate Tokens (BST) (issued when the platform is ready). BST is an investment in insurance capital, and a specific BST is created for each syndicate (security token), The profitability of the insurance portfolio for a specific syndicate will pass-through to the holders of it’s BSTtokens:
Black Platform Token (BLCK). BLCK powers the infrastructure, providing access to the platform and for conducting voting on system updates to the platform (utility token). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.
Black Syndicate Tokens (BST) (issued when the platform is ready). BST is an investment in insurance capital, and a specific BST is created for each syndicate (security token), The profitability of the insurance portfolio for a specific syndicate will pass-through to the holders of it’s BST.

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https://preview.ibb.co/dCzRtc/IMG_20180427_190938_003.jpg (https://ibb.co/fkazDc)

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Black will use the blockchain to transfer risk directly from clients (insureds) to financial backers (Black Syndicate Token holders): minimizing all inefficiencies storing all data securely in blockchains transparent  business operations using smart contracts faster innovation by platform members

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Join us on facebook https://m.facebook.com/blackinsure/ to see the video fron d10e conference in Tokyo.

[moderator's note: consecutive posts merged]

hello dev, where can I see the MVP that has been launched?
when will ico start and what date?

This is a great platform, I would like to actively participate in it, and to a local agent for the black insurance, what are the requirement?

https://preview.ibb.co/cqp8R7/IMG_20180430_120448_495.jpg (https://ibb.co/gTboR7)

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Black will use the blockchain to transfer risk directly from clients (insureds) to financial backers (Black Syndicate Token holders): minimizing all inefficiencies storing all data securely in blockchains transparent  business operations using smart contracts faster innovation by platform members

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Black Platform Token (BLCK). BLCK powers the infrastructure, providing access to the platform and for conducting voting on system updates to the platform (utility token). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.
Black Syndicate Tokens (BST) (issued when the platform is ready). BST is an investment in insurance capital, and a specific BST is created for each syndicate (security token), The profitability of the insurance portfolio for a specific syndicate will pass-through to the holders of it’s BSTtokens:
Black Platform Token (BLCK). BLCK powers the infrastructure, providing access to the platform and for conducting voting on system updates to the platform (utility token). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.
Black Syndicate Tokens (BST) (issued when the platform is ready). BST is an investment in insurance capital, and a specific BST is created for each syndicate (security token), The profitability of the insurance portfolio for a specific syndicate will pass-through to the holders of it’s BST.

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https://preview.ibb.co/gXDN5d/IMG_20180510_100538_414.jpg (https://ibb.co/f0dpkd)

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Black will use the blockchain to transfer risk directly from clients (insureds) to financial backers (Black Syndicate Token holders): minimizing all inefficiencies storing all data securely in blockchains transparent  business operations using smart contracts faster innovation by platform members

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1) Entrepreneurs list their insurance products.
2)Investors can form and capitalise investment syndicates by investing in tokens and
allocating capital between different products.
3)Policies are written on blockchain as smart contracts.
4)Users have access to immutable data (premiums sold, claims, profit) on the platform.
5) Profits are automatically distributed amongst the token holders.

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The Black Insurance is a B2B platform. It changes how insurance is made - the way insurance products are developed and
capitalised. It is built for insurance industry participants,
including brokers, MGAs, insurers and investors.

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We are speaking at Crypto Health Summit in LA on the 22nd of May. https://www.cryptohealthsummit.com/losangeles

Black Insurance will disrupt the insurance industry, this really goes hand in hand with the health sector. A lot we can do there

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https://preview.ibb.co/ftnf1J/Screenshot_20180515_133708.png (https://ibb.co/gQNDMJ)

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- Capital to design insurance products and sell them
- Technology. Brokers can use our user interface or API to store insurance policies and claims into our platform.
- Insurance License. Black will establish an EU licensed insurance company, allowing us to cooperate with Brokers across the EU. Depending on capital raised we also intend to apply for licenses in other regions.

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Black will ask Brokers to present their business plan. Black’s specialists will analyze the plan and consult with specialists in the local market if necessary.

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We are in Amsterdam today, presenting our platform!
https://preview.ibb.co/kgn36J/IMG_20180516_153448_541.jpg (https://ibb.co/mM5ZDy)

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"How do we differ from other blockchain / insurance projects?" - we get this question a lot.

We indeed have plenty of blockchain / insurance related companies on our radar, including Etherisc, Blocksure, Insurepal, ixledger, PolicyPal, ChainThat, fidentiaX, InsurChain, B3i etc.

Now, in my mind, I'm seeing the blockchain / insurance landscape or positioning as follows (from simplest to most complex):
Service providers create blockchain solutions for the insurance industry, without participating in the insurance vertical themselves
Products companies create new, innovative insurance products (e.g. parametric insurance, IoT related stuff etc), by establishing a partnership with an insurance company to underwrite the policies, and sell to customers
Insurance companies are product companies (above) that don't partner with an existing insurer, and attempt to become a licensed insurer themselves
Marketplaces enable creation, capitalisation and distribution of insurance products for platform members, that can include other insurers, brokers, agents and all insurance industry members. This strategy also requires an insurance license, and much more.

As far as we know, Black is currently the only blockchain / insurance startup that is actively pursuing the marketplace strategy. The part of the value chain our positioning addresses, is the biggest and most fundamental - all insurance products in the world are created and capitalised, and currently the only ways are through an insurance company, or Lloyd's of London. We're adding a third option.

---

It is built for insurance industry participants,including brokers, MGAs, insurers and investors.It connects insurance entrepreneurs with innovative ideas to the capital
they seek. All policies are written on blockchain, greatly reducing transaction costs and giving everyone an equal playing field for conducting business.
The Black platform creates a blockchain ecosystem for all parties that will bring transparency, democracy and efficiency to the insurance industry.

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Yesterday Risto Rossar and Martin Mägi had a super exiting day at DIA Amsterdam, where over 1000 brightest minds of insurance community were present – there was constant line of people in front of our booth who wanted to talk whith us about our product demo. Black was also mentioned in several panel discussions as potential disruptor. Insurance brokers already wanted to start using our product and insurance companies were just “exited”.

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https://preview.ibb.co/j6HuR7/IMG_20180504_162954_652.jpg (https://ibb.co/ip7HeS)

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Over time Black will gather large quantities of data from different markets, and by analyzing it with machine learning and AI, Black is able to calculate the prices at which any insurance business can be profitable.
We will implement smart contracts that accept insurance policies from Brokers only in case insurance premium is at least on the level that does not create loss to Black.


[moderator's note: consecutive posts merged]

Black Insurance PR

Digital Insurance Provider on Blockchain, Black Insurance Ropes in Professor Alex Norta as the Scientific Advisor.

http://altcoinalerts.com/digital-insurance-provider-on-blockchain-black-insurance-ropes-in-professor-alex-norta-as-the-scientific-advisor/

Thanks a lot for your feedback!

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https://preview.ibb.co/gXDN5d/IMG_20180510_100538_414.jpg (https://ibb.co/f0dpkd)

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https://preview.ibb.co/k1xhEH/IMG_20180426_204258_396.jpg (https://ibb.co/mYXFZH)

[moderator's note: consecutive posts merged]

Digital Insurance Provider on Blockchain, Black Insurance Ropes in Professor Alex Norta as the Scientific Advisor.

The goal of Black platform is to empower the insurance brokers by connecting them directly with capital, allowing them to launch their own virtual insurance companies.

The new Scientific Advisor for Black Insurance, Professor Alex Norta is the owner of Norta & Partners, offering holistic consultation and software development service in the field of blockchain technology. He has advised and written whitepapers for many successful blockchain projects such as: Neo, Qtum, Cedex, Datawallet, Cashaa and many more. In the past, he has worked as a post-doctorial researcher on the SOAMeS project at the computer-science department of Helsinki University. His research on a PhD about dynamic inter-organizational business process collaboration was featured in an FP6-EU research project called CrossWork.

“The insurance industry today is slow with bringing products to market because of excessive bureaucracy that distorts free-market mechanisms to the detriment of customers,” explains Prof. Norta.  “Blockchain technology is a means to replace this excessive bureaucracy with a novel control mechanism that is much cheaper, faster and more trustable. Thus, the insurance industry can start to meet the markets needs quick and in a cost effective way.”

http://altcoinalerts.com/digital-insurance-provider-on-blockchain-black-insurance-ropes-in-professor-alex-norta-as-the-scientific-advisor/

Black Insurance is among the 3% of startups that really change the insurance at its core.
https://insuranceblog.accenture.com/insurtech-refocus-on-underserved-elements-of-the-insurance-value-chain-to-unlock-growth

Digital Insurance Provider on Blockchain, Black Insurance Ropes in Professor Alex Norta as the Scientific Advisor.

The goal of Black platform is to empower the insurance brokers by connecting them directly with capital, allowing them to launch their own virtual insurance companies.

The new Scientific Advisor for Black Insurance, Professor Alex Norta is the owner of Norta & Partners, offering holistic consultation and software development service in the field of blockchain technology. He has advised and written whitepapers for many successful blockchain projects such as: Neo, Qtum, Cedex, Datawallet, Cashaa and many more. In the past, he has worked as a post-doctorial researcher on the SOAMeS project at the computer-science department of Helsinki University. His research on a PhD about dynamic inter-organizational business process collaboration was featured in an FP6-EU research project called CrossWork.

“The insurance industry today is slow with bringing products to market because of excessive bureaucracy that distorts free-market mechanisms to the detriment of customers,” explains Prof. Norta.  “Blockchain technology is a means to replace this excessive bureaucracy with a novel control mechanism that is much cheaper, faster and more trustable. Thus, the insurance industry can start to meet the markets needs quick and in a cost effective way.”

http://altcoinalerts.com/digital-insurance-provider-on-blockchain-black-insurance-ropes-in-professor-alex-norta-as-the-scientific-advisor/

Is there anything would you like to know about our project?

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It is built for insurance industry participants,including brokers, MGAs, insurers and investors.It connects insurance entrepreneurs with innovative ideas to the capital
they seek. All policies are written on blockchain, greatly reducing transaction costs and giving everyone an equal playing field for conducting business.
The Black platform creates a blockchain ecosystem for all parties that will bring transparency, democracy and efficiency to the insurance industry.

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Black Insurance is among the 3% of startups that really change the insurance at its core.
https://insuranceblog.accenture.com/insurtech-refocus-on-underserved-elements-of-the-insurance-value-chain-to-unlock-growth

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Black Insurance makes use of several unique properties the Blockchain has to offer.

Cutting out Trusted Third Parties

Transparency 

Automation 

https://medium.com/blackinsurance/the-advantages-of-blockchain-based-insurance-products-ffb6229eaa94

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Welcome to all new members of the Black Insurence community!
Use the http://t.me/blackinsurebot?start=XqHMmmprvIXR in the project and get the airdrop.

1. Join our main chat group, inactive users will not receive the airdrop. Members who leave the group are removed from the company's bounty.
2. Follow at least 1 social media channel  ( telegram group must ) and submit your wallet address and also submit email to get info about token received
3. Bot abuse will lead to a ban.
4. Every user gets 5 stakes per connection 10 stakes for each referral. Referral funds are available once a referral has verified their account.
5. Max 20 referal are allowed to avoid spam and bots.
6. The minimum payment is made with a balance of 50 stakes.

Join to us!❤️

---

MGA Boost Provides Insurtechs with Insurer Access, Backend Operations
https://www.insurancejournal.com/news/national/2018/05/17/489497.htm

---

Black Insurance is amongst the 3% of startups that really change the insurance at its core. https://insuranceblog.accenture.com/insurtech-refocus-on-underserved-elements-of-the-insurance-value-chain-to-unlock-growth

---

https://i.imgur.com/RVrQz5j.png?1

Website | Lightpaper | Whitepaper | Twitter | Facebook | Telegram | Bitcointalk | Linkedin


Black will use the blockchain to transfer risk directly from clients (insureds) to financial backers (Black Syndicate Token holders): minimizing all inefficiencies storing all data securely in blockchains transparent  business operations using smart contracts faster innovation by platform members
Black Insurance will use two types of tokens:
Black Platform Token (BLCK). BLCK powers the infrastructure, providing access to the platform and for conducting voting on system updates to the platform (utility token). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.
Black Syndicate Tokens (BST) (issued when the platform is ready). BST is an investment in insurance capital, and a specific BST is created for each syndicate (security token), The profitability of the insurance portfolio for a specific syndicate will pass-through to the holders of it’s BST.

The Black Insurance is a B2B platform.

It is built for insurance industry participants,including brokers, MGAs, insurers and investors.It connects insurance entrepreneurs with innovative ideas to the capital
they seek. All policies are written on blockchain, greatly reducing transaction costs and giving everyone an equal playing field for conducting business.
The Black platform creates a blockchain ecosystem for all parties that will bring transparency, democracy and efficiency to the insurance industry.
Join us in social networks

https://i.imgur.com/bNVydoR.pnghttps://i.imgur.com/ImHeiiy.png?1https://i.imgur.com/MTTM5PT.png?1https://i.imgur.com/FaQw7pL.png?1

---

Black will use the blockchain to transfer risk directly from clients (insureds) to financial backers (Black Syndicate Token holders): minimizing all inefficiencies storing all data securely in blockchains transparent  business operations using smart contracts faster innovation by platform members

---

MGA Boost Provides Insurtechs with Insurer Access, Backend Operations
https://www.insurancejournal.com/news/national/2018/05/17/489497.htm

---

igital Insurance Provider on Blockchain, Black Insurance Ropes in Professor Alex Norta as the Scientific Advisor.

The goal of Black platform is to empower the insurance brokers by connecting them directly with capital, allowing them to launch their own virtual insurance companies.

The new Scientific Advisor for Black Insurance, Professor Alex Norta is the owner of Norta & Partners, offering holistic consultation and software development service in the field of blockchain technology. He has advised and written whitepapers for many successful blockchain projects such as: Neo, Qtum, Cedex, Datawallet, Cashaa and many more. In the past, he has worked as a post-doctorial researcher on the SOAMeS project at the computer-science department of Helsinki University. His research on a PhD about dynamic inter-organizational business process collaboration was featured in an FP6-EU research project called CrossWork.

“The insurance industry today is slow with bringing products to market because of excessive bureaucracy that distorts free-market mechanisms to the detriment of customers,” explains Prof. Norta.  “Blockchain technology is a means to replace this excessive bureaucracy with a novel control mechanism that is much cheaper, faster and more trustable. Thus, the insurance industry can start to meet the markets needs quick and in a cost effective way.”

http://altcoinalerts.com/digital-insurance-provider-on-blockchain-black-insurance-ropes-in-professor-alex-norta-as-the-scientific-advisor/

---

Digital Insurance Provider on Blockchain, Black Insurance Ropes in Professor Alex Norta as the Scientific Advisor.

The goal of Black platform is to empower the insurance brokers by connecting them directly with capital, allowing them to launch their own virtual insurance companies.

http://altcoinalerts.com/digital-insurance-provider-on-blockchain-black-insurance-ropes-in-professor-alex-norta-as-the-scientific-advisor/

---

Black Insurance is amongst the 3% of startups that really change the insurance at its core. https://insuranceblog.accenture.com/insurtech-refocus-on-underserved-elements-of-the-insurance-value-chain-to-unlock-growth

[moderator's note: consecutive posts merged]

Fintech expert, scientist, and blockchain visionary Professor Alex Norta has joined forces with Black Insurance, helping with technical whitepaper. Black promises to be a gamechanger in the world of digital insurance by using the blockchain to transfer risk directly from clients to financial backers.

Highlighting the potential of Black Insurance, the company’s founder Risto Rossar said, “I have been in the insurance industry for over eighteen years and I realized that I don’t care about insurance. In fact, no one should care about insurance. It should be as simple as breathing and work without customers having to worry about it. We can solve a lot of inefficiencies through technology and will disrupt the insurance industry from the inside, building a seamless process that customers don’t have to deal with.”

To find out more, please visit https://www.black.insure/

https://usethebitcoin.com/digital-insurance-provider-on-blockchain-black-insurance-ropes-in-professor-alex-norta-as-the-scientific-advisor/

BlackInsure has landed in LA! Liina will be taking part of a panel discussion at the Crypto Health Summit. If you're in town, get in touch! :)

Black Insurance will use two types of tokens:

Black Platform Token (BLCK). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.

Black Syndicate Tokens  (BST) which is a security token. BST will be issued when the platform is ready.

http://www.black.insure/

---

Black Insurance will use two types of tokens:

Black Platform Token (BLCK). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.

Black Syndicate Tokens  (BST) which is a security token. BST will be issued when the platform is ready.

http://www.black.insure/

---

Digital Insurance Provider on Blockchain, Black Insurance Ropes in Professor Alex Norta as the Scientific Advisor.

The goal of Black platform is to empower the insurance brokers by connecting them directly with capital, allowing them to launch their own virtual insurance companies.

http://altcoinalerts.com/digital-insurance-provider-on-blockchain-black-insurance-ropes-in-professor-alex-norta-as-the-scientific-advisor/

---

Digital Insurance Provider on Blockchain, Black Insurance Ropes in Professor Alex Norta as the Scientific Advisor.

The goal of Black platform is to empower the insurance brokers by connecting them directly with capital, allowing them to launch their own virtual insurance companies.

http://altcoinalerts.com/digital-insurance-provider-on-blockchain-black-insurance-ropes-in-professor-alex-norta-as-the-scientific-advisor/

---

https://www.generali.com/info/discovering-generali/all/2018/Blockchain-revolution

---

https://www.linkedin.com/feed/update/urn:li:activity:6404657794909376513

---

Black Insurance will use two types of tokens:

Black Platform Token (BLCK). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.

Black Syndicate Tokens  (BST) which is a security token. BST will be issued when the platform is ready.

http://www.black.insure/

[moderator's note: consecutive posts merged]

Very interesting days at Digital Insurance Agenda Amsterdam. More than 50 Insurtechs talked about their storys. Risto Rossar realy gets my attention. While most Insurtechs stay along the value chain, Black showed up with a solution out of the box. They will provide the required capital to underwrite insurance portfolios via Token.

https://www.linkedin.com/feed/update/urn:li:activity:6404657794909376513/

Digital Insurance Provider on Blockchain, Black Insurance Ropes in Professor Alex Norta as the Scientific Advisor.
The goal of Black platform is to empower the insurance brokers by connecting them directly with capital, allowing them to launch their own virtual insurance companies.

http://altcoinalerts.com/digital-insurance-provider-on-blockchain-black-insurance-ropes-in-professor-alex-norta-as-the-scientific-advisor/

Read how can Blockchain be used and implemented in the insurance industry!!

https://www.generali.com/info/discovering-generali/all/2018/Blockchain-revolution

Read how can Blockchain be used and implemented in the insurance industry!!

https://www.generali.com/info/discovering-generali/all/2018/Blockchain-revolution

---

MGA Boost Provides Insurtechs with Insurer Access, Backend Operations
https://www.insurancejournal.com/news/national/2018/05/17/489497.htm

---

Black Insurance is amongst the 3% of startups that really change the insurance at its core. https://insuranceblog.accenture.com/insurtech-refocus-on-underserved-elements-of-the-insurance-value-chain-to-unlock-growth

---

Black connects insurance entrepreneurs with innovative ideas to the capital they seek.

An example:

An insurance startup “CryptInsure” has recognised the
need for insuring crypto wallets hosted by third parties. They list their product on the Black platform after it has been approved by the Black experts. A syndicate focusing on crypto products recognises the product and decides to invest. CryptInsure gets the needed funding and starts to distribute the product to customers. All done in 2 months.

http://www.black.insure/

[moderator's note: consecutive posts merged]

Fintech expert, scientist, and blockchain visionary Professor Alex Norta has joined forces with Black Insurance, helping with technical whitepaper. Black promises to be a gamechanger in the world of digital insurance by using the blockchain to transfer risk directly from clients to financial backers.Highlighting the potential of Black Insurance, the company’s founder Risto Rossar said, “I have been in the insurance industry for over eighteen years and I realized that I don’t care about insurance. In fact, no one should care about insurance. It should be as simple as breathing and work without customers having to worry about it. We can solve a lot of inefficiencies through technology and will disrupt the insurance industry from the inside, building a seamless process that customers don’t have to deal with.”

To find out more, please visit https://www.black.insure/

---

Black connects insurance entrepreneurs with innovative ideas to the capital they seek.

An example:

An insurance startup “CryptInsure” has recognised the need for insuring crypto wallets hosted by third parties. They list their product on the Black platform after it has been approved by the Black experts. A syndicate focus   ing on crypto products recognises the product and decides to invest. CryptInsure gets the needed funding and starts to distribute the product to customers. All done in 2 months.

http://www.black.insure/

[moderator's note: consecutive posts merged]

Do i get it right that brokers make products and Black will back it up like the insurance company and if claims happen Black will pay for it? Brokers have no liability?

We just finished the introduction video https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Black Insurance is amongst the 3% of startups that really change the insurance at its core. https://insuranceblog.accenture.com/insurtech-refocus-on-underserved-elements-of-the-insurance-value-chain-to-unlock-growth

---

https://www.linkedin.com/feed/update/urn:li:activity:6400978474835681280

---

https://www.linkedin.com/feed/update/urn:li:activity:6400978474835681280

---

Digital Insurance Provider on Blockchain, Black Insurance Ropes in Professor Alex Norta as the Scientific Advisor.

The goal of Black platform is to empower the insurance brokers by connecting them directly with capital, allowing them to launch their own virtual insurance companies.

http://altcoinalerts.com/digital-insurance-provider-on-blockchain-black-insurance-ropes-in-professor-alex-norta-as-the-scientific-advisor/

---

New Beazley tie-up to automate weather insurance claims | Insurance Business

https://m.insurancebusinessmag.com/au/news/breaking-news/new-beazley-tieup-to-automate-weather-insurance-claims-99525.aspx 

To find out more about Black Insurance, please visit https://www.black.insure/

[moderator's note: consecutive posts merged]

Black Insurance makes use of several unique properties the Blockchain has to offer.

Cutting out Trusted Third Parties

Transparency

Automation

https://medium.com/blackinsurance/the-advantages-of-blockchain-based-insurance-products-ffb6229eaa94

---

Insurance has been too slow to adapt to the digital transformation despite its potential for disruption. It faces pressure from new entrants and customers. 

https://buff.ly/2II21vN

To find out more about Black Insurance, please visit https://www.black.insure/

[moderator's note: consecutive posts merged]

Digital Insurance Provider on Blockchain, Black Insurance Ropes in Professor Alex Norta as the Scientific Advisor.

The goal of Black platform is to empower the insurance brokers by connecting them directly with capital, allowing them to launch their own virtual insurance companies.

http://altcoinalerts.com/digital-insurance-provider-on-blockchain-black-insurance-ropes-in-professor-alex-norta-as-the-scientific-advisor/

New Beazley tie-up to automate weather insurance claims | Insurance Business

https://m.insurancebusinessmag.com/au/news/breaking-news/new-beazley-tieup-to-automate-weather-insurance-claims-99525.aspx 

To find out more about Black Insurance, please visit https://www.black.insure/

---

New Beazley tie-up to automate weather insurance claims | Insurance Business

https://m.insurancebusinessmag.com/au/news/breaking-news/new-beazley-tieup-to-automate-weather-insurance-claims-99525.aspx 

To find out more about Black Insurance, please visit https://www.black.insure/

---

Digital Insurance Provider on Blockchain, Black Insurance Ropes in Professor Alex Norta as the Scientific Advisor.

The goal of Black platform is to empower the insurance brokers by connecting them directly with capital, allowing them to launch their own virtual insurance companies.

http://altcoinalerts.com/digital-insurance-provider-on-blockchain-black-insurance-ropes-in-professor-alex-norta-as-the-scientific-advisor/

---

New Beazley tie-up to automate weather insurance claims | Insurance Business

https://m.insurancebusinessmag.com/au/news/breaking-news/new-beazley-tieup-to-automate-weather-insurance-claims-99525.aspx 

To find out more about Black Insurance, please visit https://www.black.insure/

---

Please watch this introductory video from our team! Watch how Black Insurance works!
https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Black Insurance makes use of several unique properties the Blockchain has to offer.

Cutting out Trusted Third Parties

Transparency

Automation

https://medium.com/blackinsurance/the-advantages-of-blockchain-based-insurance-products-ffb6229eaa94

---

Black Insurance makes use of several unique properties the Blockchain has to offer.

Cutting out Trusted Third Parties

Transparency

Automation

https://medium.com/blackinsurance/the-advantages-of-blockchain-based-insurance-products-ffb6229eaa94

[moderator's note: consecutive posts merged]

this is an interesting and brilliant thing. Black insurance further simplifies the risk claims of the insured to the insurer by using the token utlitas. based blockchain technology will keep all data securely in transparent business operations. I hope success for Black Insurance

Please watch this introductory video from our team! Watch how Black Insurance works!
https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Black Insurance is amongst the 3% of startups that really change the insurance at its core. https://insuranceblog.accenture.com/insurtech-refocus-on-underserved-elements-of-the-insurance-value-chain-to-unlock-growth

---

Black Insurance makes use of several unique properties the Blockchain has to offer.

Cutting out Trusted Third Parties

Transparency

Automation

https://medium.com/blackinsurance/the-advantages-of-blockchain-based-insurance-products-ffb6229eaa94

[moderator's note: consecutive posts merged]

I learned about the project and saw Black Insurance as a third party to simplify the insurer's risk requirements for the insurer in a transparent manner. Black insurance has a great function that is profitable by some insurance categories that will transfer to the BST owner. Can you share more specific issues?

How can Blockchain be used and implemented in the insurance industry?

Due to the security, transparency, and decentralisation of the information managed, Blockchain opens disruptive scenarios in various insurance areas:1. Risk data would be available to all players  2. In developing retail products3. Efficient process of identifying customers ("know your customer" - KYC) 4. Fraud prevention5. With the use of DLT, the claim could be submitted without customer intervention via smart devices, the verification of the insured party, the validity of the coverage, and the completeness of the accident data would be automatic.

---

please kindly visit to our airdrop telegram group for you to claim your free airdrop token.thank you and welcome to black insurance community!


For any refferal/bounty query, refer to our Bounty telegram group https://t.me/BlackInsuranceBountyGroup

Black Insurance Bounty Group
This is the group where all your bounty related questions and problems find answers.

---

Digital Insurance Provider on Blockchain, Black Insurance Ropes in Professor Alex Norta as the Scientific Advisor.

The goal of Black platform is to empower the insurance brokers by connecting them directly with capital, allowing them to launch their own virtual insurance companies.

http://altcoinalerts.com/digital-insurance-provider-on-blockchain-black-insurance-ropes-in-professor-alex-norta-as-the-scientific-advisor/

[moderator's note: consecutive posts merged]

Hello blockchain-man :)

Black connects insurance entrepreneurs with innovative ideas to the capital they seek.

An example:

An insurance startup “CryptInsure” has recognised the
need for insuring crypto wallets hosted by third parties. They list their product on the Black platform after it has been approved by the Black experts. A syndicate focusing on crypto products recognises the product and decides to invest. CryptInsure gets the needed funding and starts to distribute the product to customers. All done in 2 months.

Black Insurance will use two types of tokens:

Black Platform Token (BLCK). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.

Black Syndicate Tokens (BST) is a security token. BST will be issued when the platform is ready.
BSTs can only be purchased and owned by verified “Accredited Investors”. BSTs are investments created by Syndicates that will earn a profit, and the amount and types of BSTs will grow and shrink based on the different types of Syndicates that exist at any given time.

The Black Platform will allow Investors to join together into an investment fund called a Syndicate, and Investors will receive Tokens from the Syndicate in exchange for their investments.

These Black Syndicate Tokens (BSTs) are a special class of Tokens that will be issued when Syndicates are being launched or when they are distributing Profit to their Investors. Each Syndicate will issue their own BST with a unique name and Risk / Reward profile. In its most basic form, a BST will behave like an interest-bearing security (a bond), where holders will calculate the value of a BST as the combination of historical payments.

Black whitepaper: https://drive.google.com/viewerng/viewer?url=https://www.black.insure/wp-content/uploads/2018/05/whitepaper-min.pdf

Hello friends, we are gearing up for our pre-ico. We want to know geographic reach of our project. Can you please let us know from which county you are ?

Digital Insurance Provider on Blockchain, Black Insurance Ropes in Professor Alex Norta as the Scientific Advisor.

The goal of Black platform is to empower the insurance brokers by connecting them directly with capital, allowing them to launch their own virtual insurance companies.

http://altcoinalerts.com/digital-insurance-provider-on-blockchain-black-insurance-ropes-in-professor-alex-norta-as-the-scientific-advisor/

---

Friends, what do you think about our introductory video? Any feedback/sugeestion... https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Black is currently the one of the very few blockchain / insurance startups actively pursuing the marketplace strategy, and the only one that will enable launching any type of insurance products. The part of the value chain our positioning addresses, is the biggest and most fundamental - all insurance products in the world are created and capitalised, and currently the only ways are through an insurance company, or Lloyd's of London. We're adding a third option.

---

Black Insurance will use two types of tokens:

Black Platform Token (BLCK). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.

Black Syndicate Tokens  (BST) which is a security token. BST will be issued when the platform is ready.

http://www.black.insure/

---

Black Insurance will use two types of tokens:

Black Platform Token (BLCK). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.

Black Syndicate Tokens  (BST) which is a security token. BST will be issued when the platform is ready.

http://www.black.insure/


[moderator's note: consecutive posts merged]

Hello Team  :)

I am an editor from cryptoslate.com (https://cryptoslate.com), a popular destination for cryptocurrency investors and researchers — featuring cryptocurrency news, coin rankings, initial coin offerings and blockchain events.

We just added Black Insurance (https://cryptoslate.com/coins/black-insurance/)  to  CryptoSlate's ICO database (https://cryptoslate.com/ico-database/) and is now available on our website.

Check it out here —> https://cryptoslate.com/coins/black-insurance/

https://i.imgur.com/2e5z132.jpg (https://cryptoslate.com/coins/black-insurance/)

Black insurance provides a new innovation in insurance and will launch various types of insurance products. Further advantages, black insurance brings blockchain-based technology that will ensure data storage security, and more transparency. I think black insurance will be the right and best choice. In addition, the project is also supported by an experienced team of developers.

thanks for your support Lamongan! :)

Our founder Risto Rossar has an extensive network in insurance space. He is also the CEO and Founder of Insly and an investor in several insurance sector companies, such as Inspool, Insta Kindlustus AS and more!

Are we already on some popular exchnage or do we plan to get listed on one in near future?

We can't disclose about exchange listing at this moment, but we are surely trying to list our project in popular exchanges. By the way, can you tell us best exchanges according to you ?

Take all the top 10 exchanges in volume and put them on your to-do list :)
I personally like Kraken most

https://coinmarketcap.com/exchanges/volume/24-hour/

In general, I think Black is the platform where brokers, clients and capital would meet to get their suitable deal through a smart contract. Now I've come to think of it, were the conditions like one custom insurance plan or a client that asks for a specific insurance product be visible in the platform? or it automatically matches each other to be tied up by a smart contract??

First Blockchain for Marine Insurance Now Running
https://www.insurancejournal.com/news/national/2018/05/25/490345.htm


To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Please watch this introductory video from our team! Watch how Black Insurance works!
https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Marsh explores blockchain applications with proof of insurance | Digital Insurance

https://www.dig-in.com/news/marsh-hops-on-the-blockchain-with-proof-of-insurance 

Learn more about Black Insurance: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Exactly! Thanks for pointing that out.

Black is a B2B platform from Estonia, that provides the capital to agents, brokers and MGAs to launch their own insurance products, fast. It is built on a distributed ledger technology, commonly referred to as the blockchain, which will improve the current insurance business model by connecting the insurance entrepreneurs with capital making it easier for them to launch new products and saves costs.

We will use two types of tokens:

Black Platform Token (BLCK) - BLCK powers the infrastructure, providing access to the platform and for conducting voting on system updates to the platform (utility token)

Black Syndicate Tokens (BST) - (issued when the platform is ready). BST is an investment in insurance capital, and a specific BST is created for each syndicate (security token), The profitability of the insurance portfolio for a specific syndicate will pass-through to the holders of it’s BST.

---

Please watch this introductory video from our team! Watch how Black Insurance works!
https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Black connects insurance entrepreneurs with innovative ideas to the capital they seek.

An example:

An insurance startup “CryptInsure” has recognised the need for insuring crypto wallets hosted by third parties. They list their product on the Black platform after it has been approved by the Black experts. A syndicate focus ing on crypto products recognises the product and decides to invest. CryptInsure gets the needed funding and starts to distribute the product to customers. All done in 2 months.

http://www.black.insure/

[moderator's note: consecutive posts merged]

How can Blockchain be used and implemented in the insurance industry?

Due to the security, transparency, and decentralisation of the information managed, Blockchain opens disruptive scenarios in various insurance areas:1. Risk data would be available to all players  2. In developing retail products3. Efficient process of identifying customers ("know your customer" - KYC) 4. Fraud prevention5. With the use of DLT, the claim could be submitted without customer intervention via smart devices, the verification of the insured party, the validity of the coverage, and the completeness of the accident data would be automatic. https://www.generali.com/info/discovering-generali/all/2018/Blockchain-revolution

Learn more about Black Insurance:

www.black.insure

https://www.youtube.com/watch?v=xf8VKYGEB3w

Black is fixing insurance with a blockchain based solution. have you any interesting stories to share about what has happened to you, friends or family in regarding to insurance?

Black Insurance is amongst the 3% of startups that really change the insurance at its core.

https://insuranceblog.accenture.com/insurtech-refocus-on-underserved-elements-of-the-insurance-value-chain-to-unlock-growth

Learn more about Black Insurance: www.black.insure

Does your project also aim at making insurance a thing between people and not only between insurance companies and people? Could I as an individual provide insurance services?

Black is a B2B platform from Estonia, that provides the capital to agents, brokers and MGAs to launch their own insurance products, fast. It is built on a distributed ledger technology, commonly referred to as the blockchain, which will improve the current insurance business model by connecting the insurance entrepreneurs with capital making it easier for them to launch new products and saves costs.

We will use two types of tokens:

Black Platform Token (BLCK) - BLCK powers the infrastructure, providing access to the platform and for conducting voting on system updates to the platform (utility token)

Black Syndicate Tokens (BST) - (issued when the platform is ready). BST is an investment in insurance capital, and a specific BST is created for each syndicate (security token), The profitability of the insurance portfolio for a specific syndicate will pass-through to the holders of it’s BST.

---

Fintech expert, scientist, and blockchain visionary Professor Alex Norta has joined forces with Black Insurance, helping with technical whitepaper. Black promises to be a gamechanger in the world of digital insurance by using the blockchain to transfer risk directly from clients to financial backers.Highlighting the potential of Black Insurance, the company’s founder Risto Rossar said, “I have been in the insurance industry for over eighteen years and I realized that I don’t care about insurance. In fact, no one should care about insurance. It should be as simple as breathing and work without customers having to worry about it. We can solve a lot of inefficiencies through technology and will disrupt the insurance industry from the inside, building a seamless process that customers don’t have to deal with.”

To find out more, please visit https://www.black.insure/

---

Black connects insurance entrepreneurs with innovative ideas to the capital they seek.

An example:

An insurance startup “CryptInsure” has recognised the need for insuring crypto wallets hosted by third parties. They list their product on the Black platform after it has been approved by the Black experts. A syndicate focus ing on crypto products recognises the product and decides to invest. CryptInsure gets the needed funding and starts to distribute the product to customers. All done in 2 months.

http://www.black.insure/

---

https://www.linkedin.com/feed/update/urn:li:activity:6404657794909376513

[moderator's note: consecutive posts merged]

Hello germsite!

Certainly, this is how Black works:

Black connects insurance entrepreneurs with innovative ideas to the capital they seek.

An example:

An insurance startup “CryptInsure” has recognised the need for insuring crypto wallets hosted by third parties. They list their product on the Black platform after it has been approved by the Black experts. A syndicate focus   ing on crypto products recognises the product and decides to invest. CryptInsure gets the needed funding and starts to distribute the product to customers. All done in 2 months.

To learn more about Black: http://www.black.insure/Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

Black Insurance ICO listed on AltcoinAlerts

http://altcoinalerts.com/ico/black-insurance/

First Blockchain for Marine Insurance Now Running
https://www.insurancejournal.com/news/national/2018/05/25/490345.htm

---

First Blockchain for Marine Insurance Now Running
https://www.insurancejournal.com/news/national/2018/05/25/490345.htm

---

Fintech expert, scientist, and blockchain visionary Professor Alex Norta has joined forces with Black Insurance, helping with technical whitepaper. Black promises to be a gamechanger in the world of digital insurance by using the blockchain to transfer risk directly from clients to financial backers.Highlighting the potential of Black Insurance, the company’s founder Risto Rossar said, “I have been in the insurance industry for over eighteen years and I realized that I don’t care about insurance. In fact, no one should care about insurance. It should be as simple as breathing and work without customers having to worry about it. We can solve a lot of inefficiencies through technology and will disrupt the insurance industry from the inside, building a seamless process that customers don’t have to deal with.”

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Black Insurance is amongst the 3% of startups that really change the insurance at its core. https://insuranceblog.accenture.com/insurtech-refocus-on-underserved-elements-of-the-insurance-value-chain-to-unlock-growth

Learn more about Black Insurance: www.black.insure

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

[moderator's note: consecutive posts merged]

Hi Alexs, thanks for joining us!

Black connects insurance entrepreneurs with innovative ideas to the capital they seek.

An example:

An insurance startup “CryptInsure” has recognised the need for insuring crypto wallets hosted by third parties. They list their product on the Black platform after it has been approved by the Black experts. A syndicate focus   ing on crypto products recognises the product and decides to invest. CryptInsure gets the needed funding and starts to distribute the product to customers. All done in 2 months.

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w  :)

---

Blockchain technology often relates to trust, transparency and security/immutability aspects in the mind of insurance stakeholders. These aspects are key for insurance CXOs! And that is the reason why insurers are keen to learn, adopt and explore blockchain. http://insurancethoughtleadership.com/blockchain-guidees-and-realities/

What is Black Insurance? Black connects insurance entrepreneurs with innovative ideas to the capital they seek.

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

[moderator's note: consecutive posts merged]

Black connects insurance entrepreneurs with innovative ideas to the capital they seek.

An example:

An insurance startup “CryptInsure” has recognised the need for insuring crypto wallets hosted by third parties. They list their product on the Black platform after it has been approved by the Black experts. A syndicate focus   ing on crypto products recognises the product and decides to invest. CryptInsure gets the needed funding and starts to distribute the product to customers. All done in 2 months.

Get whitelisted for the pre-sale and get a 25% bonus throughout both the pre-sale and ICO!

https://www.black.insure/presale/

Please watch this introductory video from our team! Watch how Black Insurance works!
https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Black Insurance will use two types of tokens:

Black Platform Token (BLCK). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.

Black Syndicate Tokens  (BST) which is a security token. BST will be issued when the platform is ready.To learn more about Black: http://www.black.insure/

[moderator's note: consecutive posts merged]

"More than 50 Insurtechs talked about their storys. Risto Rossar realy gets my attention. While most Insurtechs stay along the value chain, Black showed up with a solution out of the box. They will provide the required capital to underwrite insurance portfolios via Token. The option to invest directly in insurance risk is currently limited to a narrow circle of institutional investors. Black Insurance replaces insurance as risk carriers for a Blockchain-based marketplace of insurance capacity. They‘re not operational yet but launch the first blockchain insurance products in Europe, in 2019. Check out the Whitepaper and think about!" https://www.linkedin.com/feed/update/urn:li:activity:6404657794909376513

To learn more about us, please visit www.black.insure

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

The hype around #blockchain is massive. To hear the blockchain hype train tell it, blockchain will now:
*Solve income inequality
*Make all data secure forever
*Make everything much more efficient and trustless

Do you agree with me?

Digital Insurance Provider on Blockchain, Black Insurance Ropes in Professor Alex Norta as the Scientific Advisor.

The goal of Black platform is to empower the insurance brokers by connecting them directly with capital, allowing them to launch their own virtual insurance companies.

http://altcoinalerts.com/digital-insurance-provider-on-blockchain-black-insurance-ropes-in-professor-alex-norta-as-the-scientific-advisor/

Digital Insurance Provider on Blockchain, Black Insurance Ropes in Professor Alex Norta as the Scientific Advisor - Altcoin Alerts - ICO, Token Sale LISTING | Bounty | News | Press Release
Fintech expert, scientist, and blockchain visionary Professor Alex Norta has joined forces with the upcoming digital insurance company on blockchain named Black Insurance, helping them with their technical whitepaper. The goal of this platform is to empower the insurance brokers by connecting them directly with capital, allowing them to launch their own virtual insurance companies. […]

---

"More than 50 Insurtechs talked about their storys. Risto Rossar realy gets my attention. While most Insurtechs stay along the value chain, Black showed up with a solution out of the box. They will provide the required capital to underwrite insurance portfolios via Token. The option to invest directly in insurance risk is currently limited to a narrow circle of institutional investors. Black Insurance replaces insurance as risk carriers for a Blockchain-based marketplace of insurance capacity. They‘re not operational yet but launch the first blockchain insurance products in Europe, in 2019. Check out the Whitepaper and think about!" https://www.linkedin.com/feed/update/urn:li:activity:6404657794909376513

To learn more about us, please visit www.black.insure

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

https://www.cnbc.com/2018/05/31/a-blockchain-start-up-just-raised-4-billion-without-a-live-product.html

Regardless of FUD, regulatory uncertainty and unfortunately, quite a few of bad apples, ICO-s are here to stay.

---

https://www.cnbc.com/2018/05/31/a-blockchain-start-up-just-raised-4-billion-without-a-live-product.html

Regardless of FUD, regulatory uncertainty and unfortunately, quite a few of bad apples, ICO-s are here to stay.

---

Digital Insurance Provider on Blockchain, Black Insurance Ropes in Professor Alex Norta as the Scientific Advisor.

The goal of Black platform is to empower the insurance brokers by connecting them directly with capital, allowing them to launch their own virtual insurance companies.

http://altcoinalerts.com/digital-insurance-provider-on-blockchain-black-insurance-ropes-in-professor-alex-norta-as-the-scientific-advisor/

Digital Insurance Provider on Blockchain, Black Insurance Ropes in Professor Alex Norta as the Scientific Advisor - Altcoin Alerts - ICO, Token Sale LISTING | Bounty | News | Press Release
Fintech expert, scientist, and blockchain visionary Professor Alex Norta has joined forces with the upcoming digital insurance company on blockchain named Black Insurance, helping them with their technical whitepaper. The goal of this platform is to empower the insurance brokers by connecting them directly with capital, allowing them to launch their own virtual insurance companies. […]

[moderator's note: consecutive posts merged]

https://cointelegraph.com/news/alibaba-founded-insurtech-firm-promotes-blockchain-use-in-healthcare-industry

Using blockchain technology to cut risk and costs in healthcare insurance.

“Insurance is backed by statistics and blockchain will help to connect that massive and varied data. It will be used to manage risk and improve pricing.”

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Thanks for joining us, bvhoang202!
We are excited about this project too!

Please feel free to join us on:
Website: http://www.black.insure/
Twitter: https://twitter.com/BlackInsure
Facebook: https://www.facebook.com/blackinsure/
Telegram: https://t.me/BlackInsurance
Linkedin: https://www.linkedin.com/company/black-insurance/

[moderator's note: consecutive posts merged]

Every ICO project is launching their ICO without any real product and people are simply investing into the company because potential and ability that company will develop. Most of the project keep silent without further developments and stealing the people money.

https://cointelegraph.com/news/alibaba-founded-insurtech-firm-promotes-blockchain-use-in-healthcare-industry

Using blockchain technology to cut risk and costs in healthcare insurance.

“Insurance is backed by statistics and blockchain will help to connect that massive and varied data. It will be used to manage risk and improve pricing.”

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

---

https://cointelegraph.com/news/alibaba-founded-insurtech-firm-promotes-blockchain-use-in-healthcare-industry

Using blockchain technology to cut risk and costs in healthcare insurance.

“Insurance is backed by statistics and blockchain will help to connect that massive and varied data. It will be used to manage risk and improve pricing.”

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

---

"More than 50 Insurtechs talked about their storys. Risto Rossar realy gets my attention. While most Insurtechs stay along the value chain, Black showed up with a solution out of the box. They will provide the required capital to underwrite insurance portfolios via Token. The option to invest directly in insurance risk is currently limited to a narrow circle of institutional investors. Black Insurance replaces insurance as risk carriers for a Blockchain-based marketplace of insurance capacity. They‘re not operational yet but launch the first blockchain insurance products in Europe, in 2019. Check out the Whitepaper and think about!" https://www.linkedin.com/feed/update/urn:li:activity:6404657794909376513

To learn more about us, please visit www.black.insure

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

Andrea Bernhardsgrütter on LinkedIn: “Very interesting days at Digital…
Very interesting days at Digital Insurance Agenda Amsterdam. More than 50 Insurtechs talked about

---

"More than 50 Insurtechs talked about their storys. Risto Rossar realy gets my attention. While most Insurtechs stay along the value chain, Black showed up with a solution out of the box. They will provide the required capital to underwrite insurance portfolios via Token. The option to invest directly in insurance risk is currently limited to a narrow circle of institutional investors. Black Insurance replaces insurance as risk carriers for a Blockchain-based marketplace of insurance capacity. They‘re not operational yet but launch the first blockchain insurance products in Europe, in 2019. Check out the Whitepaper and think about!" https://www.linkedin.com/feed/update/urn:li:activity:6404657794909376513

To learn more about us, please visit www.black.insure

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

Andrea Bernhardsgrütter on LinkedIn: “Very interesting days at Digital…
Very interesting days at Digital Insurance Agenda Amsterdam. More than 50 Insurtechs talked about

---

"More than 50 Insurtechs talked about their storys. Risto Rossar realy gets my attention. While most Insurtechs stay along the value chain, Black showed up with a solution out of the box. They will provide the required capital to underwrite insurance portfolios via Token. The option to invest directly in insurance risk is currently limited to a narrow circle of institutional investors. Black Insurance replaces insurance as risk carriers for a Blockchain-based marketplace of insurance capacity. They‘re not operational yet but launch the first blockchain insurance products in Europe, in 2019. Check out the Whitepaper and think about!" https://www.linkedin.com/feed/update/urn:li:activity:6404657794909376513

To learn more about us, please visit www.black.insure

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

Andrea Bernhardsgrütter on LinkedIn: “Very interesting days at Digital…
Very interesting days at Digital Insurance Agenda Amsterdam. More than 50 Insurtechs talked about

---

"More than 50 Insurtechs talked about their storys. Risto Rossar realy gets my attention. While most Insurtechs stay along the value chain, Black showed up with a solution out of the box. They will provide the required capital to underwrite insurance portfolios via Token. The option to invest directly in insurance risk is currently limited to a narrow circle of institutional investors. Black Insurance replaces insurance as risk carriers for a Blockchain-based marketplace of insurance capacity. They‘re not operational yet but launch the first blockchain insurance products in Europe, in 2019. Check out the Whitepaper and think about!" https://www.linkedin.com/feed/update/urn:li:activity:6404657794909376513

To learn more about us, please visit www.black.insure

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

Andrea Bernhardsgrütter on LinkedIn: “Very interesting days at Digital…
Very interesting days at Digital Insurance Agenda Amsterdam. More than 50 Insurtechs talked about

---

Black Insurance is amongst the 3% of startups that really change the insurance at its core. https://insuranceblog.accenture.com/insurtech-refocus-on-underserved-elements-of-the-insurance-value-chain-to-unlock-growth

[moderator's note: consecutive posts merged]

Hello guys!

Thanks for checking out Black Insurance thread, you may find our whitepaper and lightpaper below:

Whitepaper: https://www.black.insure/whitepaper.pdf
Lightpaper: https://www.black.insure/lightpaper.pdf

Please let us know if you have any questions.  :)

---

Hi notderossi, thanks for your support!

Risto Rossar is the founder of Black and his role is to further develop Black Insurance grand vision, including mentoring of all team members as well as finding cooperation partners for Black through his extensive network in insurance space.

Risto is the CEO and Founder of Insly and Black Insurance. He is also an investor in several (mostly) insurance sector companies, including Inspool, Insta Kindlustus AS and etc.

https://www.linkedin.com/in/ristorossar/

To learn more about Black Insurance, please visit: www.black.insure

[moderator's note: consecutive posts merged]

Black Insurance will use two types of tokens:

Black Platform Token (BLCK). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.

Black Syndicate Tokens  (BST) which is a security token. BST will be issued when the platform is ready.To learn more about Black: http://www.black.insure/

---

https://cointelegraph.com/news/alibaba-founded-insurtech-firm-promotes-blockchain-use-in-healthcare-industry

Using blockchain technology to cut risk and costs in healthcare insurance.“Insurance is backed by statistics and blockchain will help to connect that massive and varied data. It will be used to manage risk and improve pricing.”

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Please watch this introductory video from our team! Watch how Black Insurance works!
https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Digital Insurance Provider on Blockchain, Black Insurance Ropes in Professor Alex Norta as the Scientific Advisor.

The goal of Black platform is to empower the insurance brokers by connecting them directly with capital, allowing them to launch their own virtual insurance companies.

http://altcoinalerts.com/digital-insurance-provider-on-blockchain-black-insurance-ropes-in-professor-alex-norta-as-the-scientific-advisor/

---

Digital Insurance Provider on Blockchain, Black Insurance Ropes in Professor Alex Norta as the Scientific Advisor.

The goal of Black platform is to empower the insurance brokers by connecting them directly with capital, allowing them to launch their own virtual insurance companies.

http://altcoinalerts.com/digital-insurance-provider-on-blockchain-black-insurance-ropes-in-professor-alex-norta-as-the-scientific-advisor/

---

https://medium.com/blockchain-review/how-to-get-top-blockchain-and-crypto-funds-to-contribute-to-your-ico-904c40e1132b

---

Why insurance companies are embracing blockchain - Raconteur
https://www.raconteur.net/business/insurance-companies-embracing-blockchain

[moderator's note: consecutive posts merged]

Blockchain’s immutable properties make it a natural partner for insurance. Blockchain has introduced transparency, and therefore trust, for underwriters who are automating up to 80 per cent of their work, freeing them up to solve complex cases. https://www.raconteur.net/business/insurance-companies-embracing-blockchain

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

Get whitelisted and earn a 25% bonus:
Register now and get 25% bonus throughout the pre-sale and ICO.
https://www.black.insure/presale/

If you have any query regarding whitelist , we are here to assist you.

hello please be patiently wait we launch our project this 2018 where keep on finalizing as this moment for our platform and yes obcourse we are very much interisting project on a blockchain technology now a  days and our platform is very promising to the industry development

---

Crypto will dominate in the future for sure. And it's really good that this market is growing. We will not see only more new ICO projects, but also the development and new results of existing ICOs.

Black is currently the one of the very few blockchain / insurance startups actively pursuing the marketplace strategy, and the only one that will enable launching any type of insurance products. The part of the value chain our positioning addresses, is the biggest and most fundamental - all insurance products in the world are created and capitalised, and currently the only ways are through an insurance company, or Lloyd's of London. We're adding a third option.

[moderator's note: consecutive posts merged]

How can Black Insurance provide both, transparency of the insurance industry, and privacy for policyholders?

The answer is using two blockchains, a permissioned blockchain and the public Ethereum blockchain. Brokers, investors and insurers interact in private transaction on a Hyperledger Fabric-based blockchain. This private chain which is interfaced with the public Ethereum blockchain. https://medium.com/blackinsurance/dealing-with-privacy-in-smart-contract-based-insurances-4087319f9b48

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

IcoGuide has reviewed Black Insurance and gave 8/10. Take a look at the review here https://icoguide.com/en/ico/black-insurance

Digital fragmentation is likely to compromise the ability of multinational insurers, and other big corporations, to effectively use powerful digital technologies such as data analytics, cloud services and the Internet of Things. All these technologies rely on the rapid, unobstructed flow of data between people and devices. https://insuranceblog.accenture.com/digital-fragmentation-threatens-growth-at-global-insurers

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

Insurance has been too slow to adapt to the digital transformation despite its potential for disruption. It faces pressure from new entrants and customers. 

https://buff.ly/2II21vN

To find out more about Black Insurance, please visit https://www.black.insure/

---

Black Insurance will use two types of tokens:
Black Platform Token (BLCK). BLCK powers the infrastructure, providing access to the platform and for conducting voting on system updates to the platform (utility token). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.
Black Syndicate Tokens (BST) (issued when the platform is ready). BST is an investment in insurance capital, and a specific BST is created for each syndicate (security token), The profitability of the insurance portfolio for a specific syndicate will pass-through to the holders of it’s BST.

[moderator's note: consecutive posts merged]

The insurance industry could reduce costs by an estimated 30 per cent using blockchain technology.

“We are not digitising processes. We are creating new business models.” https://www.ft.com/content/2b579948-47ce-11e8-8c77-ff51caedcde6

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

The insurance industry could reduce costs by an estimated 30 per cent using blockchain technology.

To find out more about Black Insurance, please visit https://www.black.insure/

The ‘Insureum Protocol’ is a blockchain-based platform that connects  insurers and policyholders. Through this platform, customized products  can be developed by collecting customers’ life cycle data such as the  amount of physical activity, hobby and the type of devices the customers  use.  https://www.linkedin.com/pulse/axa-signed-mou-zikto-develop-blockchain-based-gilles-fromageot

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

Nice article , please do read : How Blockchain Can Save You Money on Insurance

https://medium.com/how-blockchain-can-save-you-money-on-insurance/how-blockchain-can-save-you-money-on-insurance-c6184dc4bea0

The insurance industry is one of the few examples, in which the blockchain can produce a significant impact. In the insurance business, it is clear that traditional insurers are a centralized source of delays and inefficiencies.

Blockchain technology allows replacing these insurers with efficient automated processes, reducing administrative overhead and time to market. https://medium.com/@jilliangodsil/blockchain-based-insurance-disrupting-an-industry-372171266e55

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

Nice read on "How Blockchain-based Insurance is Disrupting an Industry"

https://medium.com/@jilliangodsil/blockchain-based-insurance-disrupting-an-industry-372171266e55

---

Yes. The insurance industry could reduce costs by an estimated 30 per cent using blockchain technology. Blockchain can bring new revolution in Insurance industry.

[moderator's note: consecutive posts merged]

This is the future of insurance: lower rates, better service, personalized counsel. Here are three ways embracing technology can significantly improve business prospects and meet the demands of insurance consumers in the digital age.

-Developing a customer-first strategy

-Using the right tools in the right ways

-Optimizing business models

https://www.insurancebusinessmag.com/us/business-strategy/how-to-survive-the-shift-toward-digital-insurance-distribution-102908.aspx

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

---

When an event requires an exchange of information, most insurers strive to share the least amount possible, in many cases using manual, paper-based processes. This is insurers’ way of making sure that there are no sensitive leaks, and it reflects the fear that digital exchanges of data may not be secure. But what if there were a technology that changed this? Blockchain technology! https://www.bcg.com/publications/2018/first-all-blockchain-insurer.aspx

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

---

https://www.generali.com/info/discovering-generali/all/2018/Blockchain-revolution

How can Blockchain be used and implemented in the insurance industry?

Due to the security, transparency, and decentralisation of the information managed, Blockchain opens disruptive scenarios in various insurance areas:1. Risk data would be available to all players  2. In developing retail products3. Efficient process of identifying customers ("know your customer" - KYC) 4. Fraud prevention5. With the use of DLT, the claim could be submitted without customer intervention via smart devices, the verification of the insured party, the validity of the coverage, and the completeness of the accident data would be automatic.

Learn more about Black Insurance: www.black.insure

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

The potentials of Blockchain technology for the insurance industry is remarkable !

"...an interesting concept of smart contract-based insurances; namely, the ability to automate insurance procedures by interfacing with external systems."
https://medium.com/blackinsurance/smart-contract-based-insurance-policies-in-praxis-f7d523449556

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

[moderator's note: consecutive posts merged]

Black is currently the one of the very few blockchain / insurance startups actively pursuing the marketplace strategy, and the only one that will enable launching any type of insurance products. The part of the value chain our positioning addresses, is the biggest and most fundamental - all insurance products in the world are created and capitalised, and currently the only ways are through an insurance company, or Lloyd's of London. We're adding a third option.
😊

The ‘Insureum Protocol’ is a blockchain-based platform that connects  insurers and policyholders. Through this platform, customized products  can be developed by collecting customers’ life cycle data such as the  amount of physical activity, hobby and the type of devices the customers  use.  https://www.linkedin.com/pulse/axa-signed-mou-zikto-develop-blockchain-based-gilles-fromageot

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

Thanks for your support Chapman!

Black connects insurance entrepreneurs with innovative ideas to the capital they seek.

An example:

An insurance startup “CryptInsure” has recognised the need for insuring crypto wallets hosted by third parties. They list their product on the Black platform after it has been approved by the Black experts. A syndicate focus   ing on crypto products recognises the product and decides to invest. CryptInsure gets the needed funding and starts to distribute the product to customers. All done in 2 months.

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w   :)

Black connects insurance entrepreneurs with innovative ideas to the capital they seek.

An example:

An insurance startup “CryptInsure” has recognised the need for insuring crypto wallets hosted by third parties. They list their product on the Black platform after it has been approved by the Black experts. A syndicate focus   ing on crypto products recognises the product and decides to invest. CryptInsure gets the needed funding and starts to distribute the product to customers. All done in 2 months.

 
Historic insurance market faces challenge from overseas rivals and digital disrupters
https://www.ft.com/content/23e1c812-6e45-11e8-852d-d8b934ff5ffa

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

You are right. There are many projects in insurance sector.

Black will be a licensed insurance company that provides insurance capacity to Agents, Brokers and MGAs enabling them to launch their own virtual insurance companies.

Insurance business will be generated by local MGAs / Brokers / Agents whose responsibility is designing insurance products for a market, pricing and selling the product and organizing claims handling.

Delegating business to local agents makes the Black business model scalable while bringing business decisions closer to end customers.


Black Insurance will use two types of tokens:

Black Platform Token (BLCK). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.

Black Syndicate Tokens  (BST) which is a security token. BST will be issued when the platform is ready.

Get whitelisted and earn a 25% bonus:
Register now and get 25% bonus throughout the pre-sale and ICO.
https://www.black.insure/presale/

If you have any query regarding whitelist , we are here to assist you.

Why insurance is broken and how Black Insurance can fix it?

If you have missed the video by our CEO, Risto Rossar, please feel free to watch it here: https://www.youtube.com/watch?v=xf8VKYGEB3w

To find out more about Black Insurance:

Website: http://www.black.insure/
Twitter: https://twitter.com/BlackInsure
Facebook: https://www.facebook.com/blackinsure/
Telegram: https://t.me/BlackInsurance
Linkedin: https://www.linkedin.com/company/black-insurance/
Bitcointalk: https://bitcointalk.org/index.php?topic=3372186.msg35347792#msg35347792
Whitepaper: https://www.black.insure/whitepaper.pdf
Lightpaper: https://www.black.insure/lightpaper.pdf

---

Hi Keehl, thank you for your support!

Black connects insurance entrepreneurs with innovative ideas to the capital they seek.

An example:

An insurance startup “CryptInsure” has recognised the need for insuring crypto wallets hosted by third parties. They list their product on the Black platform after it has been approved by the Black experts. A syndicate focus   ing on crypto products recognises the product and decides to invest. CryptInsure gets the needed funding and starts to distribute the product to customers. All done in 2 months.

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

Black Insurance ICO will start around Fall 2018, please feel free to register now to enjoy 25% bonus!
https://www.black.insure/presale/

[moderator's note: consecutive posts merged]

We are really glad that you like our project. Keep supporting us.

Our whitelist registrations are open.
Register now and get 25% bonus throughout the pre-sale and ICO.

https://www.black.insure/presale/

When an event requires an exchange of information, most insurers strive to share the least amount possible, in many cases using manual, paper-based processes. This is insurers’ way of making sure that there are no sensitive leaks, and it reflects the fear that digital exchanges of data may not be secure. But what if there were a technology that changed this? Blockchain technology! https://www.bcg.com/publications/2018/first-all-blockchain-insurer.aspx

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

Meet Mart, Black COO: “When I heard about Black Insurance, I immediately thought: “Damn this is BIG”.” 😊

https://medium.com/blackinsurance/meet-mart-black-coo-when-i-heard-about-black-insurance-i-immediately-though-damn-this-is-bc2eab259e54

Hi Iqbal!

Thank you for your kind words and support!

Black Insurance ICO will start around Fall 2018, please feel free to register now to enjoy 25% bonus!
https://www.black.insure/presale/

=====

In the insurance industry tokens can be a very useful abstraction. In  fact, tokens are the key ingredient enabling smart contract-based  insurances on the Black Insurance platform.  https://medium.com/blackinsurance/tokenizing-the-insurance-business-1cd88fde22fe

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w  :)

Can anyone offer an insurance product or is it for institutions? Could I decide to offer insurance for something on your platform?

Hi Drwoo!

Thanks for joining us!

Black will be a licensed insurance company that provides insurance capacity to Agents, Brokers and MGAs enabling them to launch their own virtual insurance companies.

Insurance business will be generated by local MGAs / Brokers / Agents whose responsibility is designing insurance products for a market, pricing and selling the product and organizing claims handling.

Delegating business to local agents makes the Black business model scalable while bringing business decisions closer to end customers.

Black Insurance makes use of several unique properties the Blockchain has to offer.

Cutting out Trusted Third Parties 🙅

Transparency 💯

Automation 👍

https://medium.com/blackinsurance/the-advantages-of-blockchain-based-insurance-products-ffb6229eaa94

Meet our COO, Mart!

“When I heard about Black Insurance, I immediately thought: “Damn this is BIG”."

Also, Black has really strong founders. As a wise man once told, idea is just a multiplier of execution. Bundeep and Risto have proved to deliver operational high growth businesses one after another.

https://medium.com/blackinsurance/meet-mart-black-coo-when-i-heard-about-black-insurance-i-immediately-though-damn-this-is-bc2eab259e54


To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Insurance is an industry, like many others, that has been plagued by ongoing issues that can be solved through the use of blockchain technology.

Let's take a look at how insurance claims can be processed using this technology.

https://medium.com/blackinsurance/ever-wondered-how-insurance-claims-can-be-processed-on-the-blockchain-heres-how-9ce27cff5cf4

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

[moderator's note: consecutive posts merged]

Historic insurance market faces challenge from overseas rivals and digital disrupters.
https://www.ft.com/content/23e1c812-6e45-11e8-852d-d8b934ff5ffa

Permissioned blockchains deployed in insurance consortia yield comprehensive industry benefits across the value chain in three categories: (1) preventing fraud, (2) championing interoperability in multi-party processes and (3) facilitating consumer trust and ease of auditing through data transparency and immutability.

https://insurtechnews.com/insights/insurance-on-the-blockchain

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

The insurance industry is one of the few examples, in which the blockchain can produce a significant impact. In the insurance business, it is clear that traditional insurers are a centralized source of delays and inefficiencies. Blockchain technology allows replacing these insurers with efficient automated processes, reducing administrative overhead and time to market.

https://medium.com/@jilliangodsil/blockchain-based-insurance-disrupting-an-industry-372171266e55

How blockchain technology can save you money on insurance?

"...Now, new platforms are making insurance simpler, more accessible, and cheaper. Blockchain technology is now being used to remove inefficiency in the insurance industry, ultimately reducing your insurance costs. "

http://ow.ly/LBYR30kAMNv


To learn more about Black Insurance, please visit http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

Black Insurance will use two types of tokens:

Black Platform Token (BLCK). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.

Black Syndicate Tokens  (BST) which is a security token. BST will be issued when the platform is ready.To learn more about Black:

http://www.black.insure/

Couldn't it also be an option that any individual can come up with an insurance product and offer it via your platform?

Hi Drwoo, due to legal and technical requirements, currently we will offer the platform for Agents, Brokers and MGAs to launch their insurance startup.

We connect the idea to the capital directly, replacing the parties that are not needed in the value chain with  technology.  We  will  do  this  through  crowdfunding,  also  giving  smaller  investors  a  way  in.  This  leaner  model  gives  more  responsibilities  to  insurance  brokers  and  control  over  the  products  they 
are selling. Insurers as we know them today are simply a trusted third party - blockchain gives us an alternative to that and the need for insurers disappears.

We're proud to announce Alex Norta, Adviser at Black Insurance, will be speaking at BlockchainSummit at Olympia, London (26/27 June).

https://twitter.com/BlockchainHQ/status/1009769409546727424

The research claimed that those companies that would benefit most from blockchain include those with the need for (1) transparency in transactions, (2) current dependence legacy storage systems and (3) a high volume of transmitted information. https://techcrunch.com/2018/04/19/do-you-need-a-blockchain/?guccounter=1

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

Permissioned blockchains deployed in insurance consortia yield comprehensive industry benefits across the value chain in three categories: (1) preventing fraud,
(2) championing interoperability in multi-party processes and
(3) facilitating consumer trust and ease of auditing through data transparency and immutability.

https://insurtechnews.com/insights/insurance-on-the-blockchain

I understand. I just thought it might be very interesting if individuals could offer insurance for very specific things they personally know or experienced.

Hi Drwoo, I agree! Democratising insurance further will only benefit us all  :)

When the legal and technical requirements change, we will be happy to explore these opportunities.

======

To begin our review of the “Insurance Economy” supported by Black Insurance, we would like to illustrate the high-level, value exchanges that are happening between participants. https://medium.com/blackinsurance/the-black-platform-value-exchange-overview-and-transaction-scenarios-ea850633f469

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

Hi! What are you called "Black" insurance? Black is associated with something unregulated and illegal (Black market) :o

Hi Copy, great question! Black does not imply illegal, we are totally legal!  :)

Black is a digital insurance company on blockchain. Our platform connects insurance
brokers directly with capital enabling them to launch their own virtual insurance
companies. Thus removing the trusted third parties (Insurance Companies) from
the value chain.

First, Black is a platform where our business users can design insurance covers, get them capitalised, and write policies. Formally, it's Black Insurance that is writing the policies on behalf of the business users, but we don't design, underwrite or sell the insurance products ourselves - that's up to our users.

We have a roadmap for applying for an insurance license just in Europe (EEA), currently. Becoming a licensed insurer is unfortunately a costly and time consuming exercise, but we have great advisors and everything is in place.

This means that in 2019, we and our users are only eligible to write insurance policies in EEA. However, a portion of the future business users (we have a network of dozens insurance brokers and other parties) already have the necessary licenses, and they can start issuing policies in other countries right after the platform is live.
Down the road, we intend to apply for licenses at other markets as well, with current plans to start expansion with the US.

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

How Blockchain Will Help Small Businesses Challenge Even the Largest Rivals...

https://www.entrepreneur.com/article/312923

Black Insurance is rated well on https://icosiren.com/ico/black-insurance/

The insurance industry is one of the few examples, in which the blockchain can produce a significant impact. In the insurance business, it is clear that traditional insurers are a centralized source of delays and inefficiencies. Blockchain technology allows replacing these insurers with efficient automated processes, reducing administrative overhead and time to market.

https://medium.com/@jilliangodsil/blockchain-based-insurance-disrupting-an-industry-372171266e55

Black Insurance noted as one of the 5 ICO projects you should pay attention to in the coming months. 

https://medium.com/@Journalancer/five-upcoming-icos-you-should-pay-attention-to-c2e803ce0ec8

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Blockchain beyond the hype: What is the strategic business value? How can companies determine if there is strategic value in blockchain that justifies major investments?

https://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/blockchain-beyond-the-hype-what-is-the-strategic-business-value

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w



[moderator's note: consecutive posts merged]

BlackInsurance noted as one of the 5 ICO projects you should pay attention to in the coming months.

Read more: https://medium.com/@Journalancer/five-upcoming-icos-you-should-pay-attention-to-c2e803ce0ec8

We have previously talked about implementing insurance products using smart contracts and how insurance-related assets can be represented on the blockchain. In this article, we look at the reason behind the selection of the Black Insurance technology stack, using it as an example for blockchain-based enterprise applications. 

https://medium.com/blackinsurance/selecting-a-technology-stack-for-enterprise-blockchain-applications-cfefa329326d

To find out more about Black Insurance, please visit https://www.black.insure/

How can Black Insurance provide both, transparency of the insurance industry, and privacy for policyholders?

The answer is using two blockchains, a permissioned blockchain and the public Ethereum blockchain. Brokers, investors and insurers interact in private transaction on a Hyperledger Fabric-based blockchain. This private chain which is interfaced with the public Ethereum blockchain. https://medium.com/blackinsurance/dealing-with-privacy-in-smart-contract-based-insurances-4087319f9b48

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

Nice Read : "Meet BlackInsure, digital insurance company on the blockchain"

http://www.digitalinsuranceagenda.com/202/black-insurance-digital-insurance-company-on-the-blockchain/

They have had some good public exposure and if they execute everything according to their plan, man, this could be a good one!

The future is bright with Black Insurance, thanks for your support Drwoo!  :)


===

"Innovation takes place on an international level". Take a closer look on 5 insurtech battles:   

http://www.digitalinsuranceagenda.com/191/the-five-insurtech-battles/

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

How would you work with local banks and other sectors of a country to allow a person with you're tokens to claim insurance? Regardless of anything else the local sectors will need cash to transfer or be transferred, so how does it work?

The brokers that operate on the black platform, are transacting in fiat currencies with their customers. There are three reasons for that
1) insured assets are valued in fiat, so insurance must also be transacted in fiat. If ETH goes down 30%, your car repairs would still cost the same, thus if you want your insurance compensation in fiat, the premiums must be nominated in fiat as well.
2) cryptos are still not widely adopted. Many people can't buy insurance if they can only pay in crypto; since we aim to become very big, we need to include everyone.
3) Regulation around charging premiums in cryptos is tricky at this point. Once the premium is received by the broker, the broker converts it into BLCK tokens and so on.

Meet the Black Insurance broker: Chance Sowers, Metzger Insurance     

“After doing some research, I have come to very high expectations for Black."   

Meet a Black broker: Chance Sowers, Metzger Insurance

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

  www.youtube.com/watch?v=mrv2H2pI5XY

  www.youtube.com/watch?v=d6V0T-Smzb0&t=42s

Thank you Max Cryptomaniac and Bridgetown Channel for your reviews on Black Insurance! Please feel free to check them out! To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w



[moderator's note: consecutive posts merged]

Meet the BlackInsure investor: Chance Sowers, Metzger Insurance - “After doing some #research, I have come to very high expectations for Black."

https://medium.com/blackinsurance/meet-the-black-investor-chance-sowers-metzger-insurance-96fb208d5661

...the RiskBlock Alliance, whose members include such insurance heavyweights as Chubb, Marsh and Liberty Mutual, has decided to build its first set of use cases using R3's Corda platform.
https://www.coindesk.com/all-big-insurers-are-uniting-behind-r3s-blockchain-tech/



To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

 
Black Insurance platform provides a complete ecosystem for the insurance industry stakeholders and end-users via smart contracts and digital tokenized assets. Read more to learn how it actually works   
https://medium.com/blackinsurance/launching-a-blockchain-based-insurance-product-f4e7d05070ef


To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

[moderator's note: consecutive posts merged]

How cryptocurrencies are regulated in Eastern Europe? Check Guide from Russia to Macedonia.

https://cointelegraph.com/news/from-russia-to-macedonia-how-cryptocurrencies-are-regulated-in-eastern-europe

Hello Tim_Beta, Babveltrennorth, spyaquino, guinamaia, Timonpadi, Aleksandrasiv,

Thank you for your support!  :)

=======

Meet Triinu, Black Insurance Marketing Manager.

"there is a strong need for a change in insurance industry and it is  already changing. It is a good time for BLACK to be part of it and make  it happen. " https://medium.com/blackinsurance/meet-triinu-marketing-manager-of-black-ee6364d5c51b

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

"A South African insurer Discovery demonstrates incredible innovations in human insurance. Over the last 20 years, the insurer has introduced new ways to improve policyholders’ lives using connected fitness devices to track healthy behaviors, generate discounts, and deliver incentives for activities supporting wellness and even healthy food purchases. ...I’m convinced that insurance companies will still be relevant in the future, or will become even more relevant than they are now, but these companies will have to be insurtechs, or players who use technology as the main enablers for reaching their own strategic objectives."

https://www.linkedin.com/pulse/insurers-still-relevant-future-even-more-than-matteo-carbone/?lipi=urn%3Ali%3Apage%3Ad_flagship3_profile_view_base_post_details%3Byor7oiYPSNeNH4CcPWCwWQ%3D%3D


To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Black Insurance Platform broker sign-up has been open for less than 2 weeks now and we have already 31 brokers signed up across the world with current gross written premiums reaching 150 million USD per year. 

Watch this video to learn more: https://www.youtube.com/watch?time_continue=82&v=bC_V1vyRoso

https://medium.com/blackinsurance/brokers-signing-up-across-the-world-with-current-gwp-reaching-150-million-usd-per-year-4df96f34417d

[moderator's note: consecutive posts merged]

Blockchain-based Black Insurance attracts investment from Fineqia. Investment firm Fineqia International is taking an equity stake in Estonia-based Black Insurance, a digital insurance startup based on the blockchain.

https://www.intelligentinsurer.com/news/blockchain-based-black-insurance-attracts-investment-from-fineqia-15793

Blockchain beyond the hype: what is the strategic business value?   

https://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/blockchain-beyond-the-hype-what-is-the-strategic-business-value

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

“We are excited to back Black, which allows for a wide variety of investors to participate in a high-quality insurance finance product,” said Fineqia’s CEO Bundeep Singh Rangar, who also helped found Black. “Black represents everything we want from issuers on our platform: innovation, disruption and ambition. We believe that insurance is one sector ripe for blockchain disruption and Black Insurance has the right team experience to make this happen.” 

How blockchain will help brokers bypass traditional insurers?https://www.canadianunderwriter.ca/insurance/how-blockchain-will-help-brokers-bypass-traditional-insurers-1004134470/

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Black Insurance has chosen Hyperledger Fabric for its permissioned part of the platform, because of its modularity, tool support, and maturity. Nevertheless, the system also interfaces with the public Ethereum chain. This hybrid approach combines the advantages of both worlds and may become a role model for future interoperable multi-blockchain solutions. 

A comparison of enterprise blockchain platforms —  deeper look at the technical requirements for enterprise applications and the platforms available.   https://medium.com/blackinsurance/enterprise-blockchain-platforms-a-comparison-d58f1227ce70

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

[moderator's note: consecutive posts merged]

Black Insurance Platform broker sign-up has been open for less than 2 weeks now and we have already 31 brokers signed up across the world with current gross written premiums reaching 150 million USD per year. 

https://medium.com/blackinsurance/brokers-signing-up-across-the-world-with-current-gwp-reaching-150-million-usd-per-year-4df96f34417d

See the show & tell of Black Insurance at Digital Insurance Agenda Amsterdam 2018 

http://www.digitalinsuranceagenda.com/pagina-dia-tv.php?keyword=black


To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Black platform prototype is launched and live on our website. Go and check it out yourself, log in as a broker or investor:  http://www.black.insure/prototype/

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Hi  Katysgysa, thank you for your support!

Black Insurance ICO will start in October 2018, please feel free to register now to enjoy 25% bonus!
https://www.black.insure/presale/

---

Hi Coupkoriktors, thank you for your kind words and support! :)

======

According to industry insiders, there’s a hot new business that more and more firms are looking to get into: crypto insurance. 

“Insurance for cryptocurrency storage will be a big opportunity,” said Christian Weishuber, a spokesman for Allianz 

https://www.insurancejournal.com/news/national/2018/07/23/495680.htm

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

“Indeed, when we speak about ‘cutting out the middleman,’ the automatic  assumption is that the middleman who should be cut out is the broker.  But we are thinking that it’s possible to cut out the insurers from  between brokers and capital. That’s the larger fundamental premise  behind our business model.” 

https://www.canadianunderwriter.ca/insurance/canadian-brokers-can-cut-middleman-insurers-1004134630/?utm_source=dlvr.it&utm_medium=twitter

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Hi preicoved, thank you for listing us on your channel  :)

Black Insurance ICO will start in October 2018, users may register now to enjoy 25% bonus!
https://www.black.insure/presale/

---

Hello zis700, thank you for your interest!

We indeed have plenty of blockchain / insurance related companies on our radar.

We are seeing the blockchain / insurance landscape or positioning as follows (from simplest to most complex):

-Service providers create blockchain solutions for the insurance industry, without participating in the insurance vertical themselves

-Products companies create new, innovative insurance products (e.g. parametric insurance, IoT related stuff etc), by establishing a partnership with an insurance company to underwrite the policies, and sell to customers

-Carriers are product companies (above) that don't partner with an existing insurer, and attempt to become a licensed insurer themselves

-Marketplaces (Black) enable creation, capitalisation and distribution of insurance products by platform members, that can include other insurers, brokers, agents and all insurance industry members. We don’t create the products, they do it. This strategy also requires an insurance license, and much more.


Black is currently the one of the very few blockchain / insurance startups actively pursuing the marketplace strategy, and the only one that will enable launching any type of insurance products. The part of the value chain our positioning addresses, is the biggest and most fundamental - all insurance products in the world are created and capitalised, and currently the only ways are through an insurance company, or Lloyd's of London. We're adding a third option.


 :)

---

Woot! Black Insurance won the first place in  InsurTech Cashwalk promising start-ups!

https://www.insurtech-munich.com/the-1st-insurtech-cashwalk-top-notch-start-ups-put-to-the-test-by-international-investors/

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Meet us! Black Insurance upcoming events:

28 August, 2018: Blockchain Summit Singapore http://blockchainsummitsingapore.com/

10 - 12 September, 2018 : Insurtech Rising Europe  in London https://finance.knect365.com/insurtech/speakers/risto-rossar

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Black Insurance is an example of radical innovation. The platform challenges the organization of the insurance ecosystem in a number of ways.

https://medium.com/blackinsurance/blockchain-based-insurance-on-the-way-to-radical-innovation-46f3fa8206d2

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Meet Risto, the founder of Black Insurance.

"All the building blocks needed to build Black exist today. Our role is to put them into right place and connect the brokers with the capital directly."

https://medium.com/blackinsurance/meet-risto-the-founder-of-black-insurance-d87945ecfc7b

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Why Digital Insurance Agenda Amsterdam selected Black Insurance?

Black is the first company to bring the entire insurance value chain to the blockchain, and give insurance entrepreneurs the ability to innovate with product offerings, and investors to take part in that.

http://www.digitalinsuranceagenda.com/202/black-insurance-digital-insurance-company-on-the-blockchain/

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

How does Black build an insurance platform from scratch. What are the components required? How do they interact?  ???

https://medium.com/blackinsurance/the-black-insurance-architecture-how-to-design-a-smart-contract-insurance-platform-1ec3e4353c7a



To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

In essence, Black Insurance  is not a decentralized platform, ...it is a real insurance company offering partnerships to entrepreneurs  around the world. 

https://steemit.com/ico/@bakso.super/black-insurance-blockbuster-insurance-in-its-best-traditions



Black Insurance ICO will start in October 2018, please feel free to register now to enjoy 25% bonus! https://tokensale.black.insure/register

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Come and meet Liina Laas, Chief Business Development Officer of Black Insurance at Blockchain Summit in Singapore on August 28!

http://www.blockchainsummitsingapore.com/component/speventum/speaker/221-mart-parve.html


To learn more about Black: http://www.black.insure/


Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

We are pleased to inform that Black Insurance has been voted one of the Best 100 Insurtechs in EMEA region by KleinBlue. 

https://medium.com/blackinsurance/black-insurance-voted-as-100-best-insurtechs-in-emea-region-a157fc1785f2

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

[moderator's note: consecutive posts merged]

there are lots of updates made by the team and there is not much response from the community. the team should build a community for this project so that this project becomes more alive.

Hi yudi09, thanks for reaching out!  :)

Thanks for your suggestions, we are working hard to build up our community. Please feel free to join us on Telegram too https://t.me/BlackInsurance

Thanks for supporting Black Insurance!

What are the major currencies you are supporting for the payments and what are the specific countries you are targeting in the beginning because now there are many countries involving in cryptocurrency and paying insurances and how far your project is helpful to the community?

Hi  btcyoda, thank you for your interest!

For now we are planning to accept BTC and ETH as payments.

While we will have our own insurance license only in Europe, to start with, we can do business in other regions by using a "fronting insurer" (basically a local insurer lends its license for a fee that's usually 3-5%), or through Lloyds of London license.

We have a roadmap for applying for an insurance license just in Europe (EEA), currently. Becoming a licensed insurer is unfortunately a costly and time consuming exercise, but we have great advisors and everything is in place.

This means that in 2019, we and our users are only eligible to write insurance policies in EEA. However, a portion of the future business users (we have a network of dozens insurance brokers and other parties) already have the necessary licenses, and they can start issuing policies in other countries right after the platform is live.

Down the road, we intend to apply for licenses at other markets as well, with current plans to start expansion with the US.

---

Talking Cryptocurrency interviewed Liina Laas, Chief Business Development Officer of Black Insurance!

Listen on https://twitter.com/talkcryptoshow/status/1030832595309756417

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Let's look deeper into the Black Insurance token economy models and the design considerations.

https://medium.com/blackinsurance/designing-a-token-economy-model-for-the-insurance-industry-e1e93c975ea



To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

---

Black Insurance, a digital insurance company on blockchain, is opening  historically centralized insurance market for crowdfunding. Crowdfunded  capital gives retail-investors first-of-a-kind investment opportunities  to invest in stable insurance portfolios with long-term financial  profits that so far have been shared among insurance companies and  re-insurers. The tokenized process allows cryptocurrency market to  participate as well. 

https://medium.com/blackinsurance/black-insurance-is-revolutionizing-investments-in-insurance-industry-through-tokenized-crowdfunding-746ae10d18a5

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w



[moderator's note: consecutive posts merged]

Meet the team — Q&A with Peep Paum, ICO advisor and product developer at BlackInsure .
Read the full story: http://ow.ly/SAsH30lwQIV

Tried to find your cotnact e-mail but I couldn't succeed. Can you help me please? I have an offer for you guys.

Please send all offers to info@black.insure, each and every one will be processed, and if there's appetite, we'll come back to you.

---

The tokensale platform is open for whitelisting and KYC: https://tokensale.black.insure and the presale will commence on Oct 1.

There're already about 800 singups, a number we expect to increase to ~10 000.

The insurance industry is very big, but also somewhat obscure, so it will not turn out to be a massive pump and dump, but a large share of current signups are with insurance background themselves, looking to be a part of a longer success story we're building in this 4 trillion dollar industry.

---

Thanks. Now there are a couple of separate questions here, addressing one by one:

1) Black is a crowdsourcing platform that enables brokers to come up with their own insurance schemes, and fund the schemes by selling "shares" to crypto investors. We already have close to 60 brokers, doing $350M sales annually who want to work with us. These brokers continue to transact with their existing customers, using whichever currency the customers prefer. Once the brokers have received the insurance payments (premiums), they convert it to BLCK tokens and bring to the platform.

The advantages of this approach are twofold: first, we don't have to worry about sales - the brokers already come with the customers, and second, the customers will not have to start using cryptocurrencies and this way we have a far larger target market.

2) We are targeting the European Union market first, since the insurance regulation is the most relaxed here.

3) In terms of helping the communities. First, Black will start issuing "insurance backed security tokens" in the future. This is an absolutely new crypto asset class, and we will pave the way for others to come and create their own crypto-based ETF-s and other crypto securities investment schemes. Second, since insurance industry has been real lazy to cover risks in emerging markets (mainly Africa), Black could potentially help a lot of farmers, artisans and others who currently suffer great losses since no access to insurance.

---

Right, the platform is not yet operational.

However, we have:
- a demo: https://www.black.insure/prototype/
- a proof-of-concept solution Rainy Day Insurance: https://rainyday.black.insure

Rainy Day Insurance is an insurance game / proof-of-concept that enables users to win actual BLCK tokens.

It's a case of blockchain based "parametric insurance". You can choose one location and get insurance cover for the case if it rains. Every day it rains, you get 1 BLCK token "compensation" :)

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Hi dumbtool45, thats what Black is going to change. We give that power to brokers who dealing with the clients every day and know exactly what they need.

Regards,
Peep

Great score from ICOMarks :)

https://icomarks.com/ico/black-insurance

We have published different interviews with our team, investors, advisors, and brokers on Medium and concluded here 7 reasons why do we all believe in Black Insurance success.
https://medium.com/blackinsurance/7-reasons-why-we-believe-in-black-insurance-2b0e5a4b46fe (https://medium.com/blackinsurance/7-reasons-why-we-believe-in-black-insurance-2b0e5a4b46fe)
Feel free to comment and give us any feedback!

Hey,
I've taken the time and checked all the details of your idea and I can say that everything is really very good. So I can just wish you good luck guys! To the mooooon!

Thanks for reading thoroughly. Many interested people come to this thread to be cleared up, if you have further questions please do not hesitate to ask us.  ;)

Good day, team! Is КYC needed in order to join the sale? When does the ICO campaign start? Do you have a bounty program? Waiting for your answers. Thank you so much

Hello lichengiddy, thank you for the information, let's keep the discussions to Black Insurance here.

All Tokens created by Black Foundation will have deployments to Public Blockchain and to Private Hyperledger Fabric. Tokens deployed to Public Blockchain as Smart Contracts include functionality required for both the ERC20 and ERC223 specifications. Tokens deployed to Private Hyperledger Fabric will also include all ERC20 and ERC223 functionality, to establish a common definition between implementations on different Blockchains.

 :)

---

Hi Tsunomloni, we accept everyone except residents from USA and any country where token sale is illegal. However, accredited investors from USA can join us! Black Insurance ICO will start in October 2018, please feel free to register now to enjoy 25% bonus!
https://tokensale.black.insure/register

Please refer to our Bounty telegram group for any bounty related questions. Our bounty managers will be happy to help you. https://t.me/BlackInsuranceBountyGroup
This is the Bounty Bitcointalk thread: https://bitcointalk.org/index.php?topic=3379115.0unty info
 

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Hi, fellows.
According to the map i see you have beta application ready.Is it possible to try it out?

Hello prinkingle, thank you for your interest!

Please feel free to check out our Platform Prototype:
for investors: http://dhoster.tk/html/black.insure/investor/
for brokers: http://dhoster.tk/html/black.insure/broker/

Let us know if you have any questions or feedback, thank you!  :)

Referring to the image, what is a syndicate?

Hello!  :)

Syndicates are groups of insurance professionals that create ICO-s of BSTx tokens on the Black platform (x representing the number of the Syndicate), and invest in insurance products, also listed on the Black platform. For instance, some entrepreneur creates a crypto wallet insurance, and a syndicate invests in this product. The product can be now traded, and should it make profits, BSTx token investors share the profits.

Why don't investors invest directly in insurance products? Because managing an insurance product is a professional activity, requiring underwriting, actuary, claims handling and adjustment, and reporting capabilities. This is what Syndicate takes care of, in addition to selecting a well balanced portfolio of different insurance products to invest in.

Is this based on ethereum blockchain, an erc20 token? Do you plan to move to other blockchains? I guess ethereum will be obsolete one day.

Hello zircot8!  :)

We rely on Ethereum blockchain and private Hyperledger fabric. All Tokens created by Black Foundation will have deployments to Public Blockchain and to Private Hyperledger Fabric. Tokens deployed to Public Blockchain as Smart Contracts include functionality required for both the ERC20 and ERC223 specifications. Tokens deployed to Private Hyperledger Fabric will also include all ERC20 and ERC223 functionality, to establish a common definition between implementations on different Blockchains.

During the ICO, BLCK tokens will be available for sale, you can use any ERC20 compatible wallet to store the tokens, such as myetherwallet, ImToken.

Greetings
Woow. I am pretty shocked. I'll go to take a bank loan, on bail of an apartment. Great idea, thank you. I will become fabulously rich, thanks to you.

Thank you for your support Lightaconmo!  :)

Black Insurance ICO will start in October 2018, please feel free to register now to enjoy 25% bonus! https://tokensale.black.insure/register

Have you participated in any ICO before?

Hey,
Have used your website to contribute to several ICOs via pools. Very good website, I recommend investing via pools with your platfrom, it's the easiest and safe method ever.

Hi Padilla, thank you for the suggestions. BLCK coins will be sold on black.insure, our website  :)

Black Insurance ICO will start in October 2018, please feel free to register now to enjoy 25% bonus! https://tokensale.black.insure/register

Interesting combination of crowdfunding and insurance innovation! What markets will you focus in?

Thank you for your support, Ak2017!

We will start with the European markets for 2 reasons: 1) the easiest place in the world to get the insurance license 2) our contacts are mainly EU based. We’re of course also looking into US market.

Black Insurance ICO will start in October 2018, please feel free to register now to enjoy 25% bonus!
https://tokensale.black.insure/register

Could you please let us all know how you plan on meeting security challenges such as hack attack or ddos? As I know this is the main problem of 21st century.

Hello Toliver Ross, you are right, security is our utmost concern as well, we want to make sure our platform user data is safe! Black Insurance runs on a platform based on two separate but connected blockchains. The architecture is based on the premise of interfacing a public part of the system with a privacy-preserving consortium blockchain. Private consortium blockchains require participants to be authenticated and allow the implementation of private data channels.  The internal workings of the Black platform’s insurance and investment services are implemented in Hyperledger Fabric. Please let us know if you have any other questions!  :)

is your token based on ethereum or your own blockchain?

Hi Tpe2018, thanks for your interest!

We rely on Ethereum blockchain and private Hyperledger fabric

All Tokens created by Black Foundation will have deployments to Public Blockchain and to Private Hyperledger Fabric. Tokens deployed to Public Blockchain as Smart Contracts include functionality required for both the ERC20 and ERC223 specifications. Tokens deployed to Private Hyperledger Fabric will also include all ERC20 and ERC223 functionality, to establish a common definition between implementations on different Blockchains.

Do you know that Black Insurance is using a dual token model? Black Platform will issue BLCK and BST tokens.

Thanks for the information, what's the difference between blck and bst?

Black Platform Token (BLCK).  All platform users will use BLCK for managing insurance on the Black platform. Issuing policies, handling claims and other transactions will require the use of Black tokens (BLCK).   The demand for BLCK will increase as more insurance business is conducted on the platform. BLCK tokens will be available for sale during our ICO.

Black Syndicate Tokens (BST) (issued when the platform is ready). BST is an investment in insurance capital, and a specific BST is created for each syndicate (security token), The profitability of the insurance portfolio for a specific syndicate will pass-through to the holders of its BST.

The various uses of the BLCK token mean that the token economy model is  very different from a BST. The clear distinction between the two types  of tokens is intentional, as offloading the utility functions into a  separate token reduces potential conflict of interests between investors  and platform users. In addition, it makes regulatory compliance easier  in a number of jurisdictions. 

I want to thank chunt for the good work, all the answers are clear and informative. Some promotional actions are planned for the promotion of Black Insurance Iso, possibly participation in blockchain conferences, meetings and more?

Thank you for your support, Vedagnostik!

on 10 - 12 September, 2018, Black Insurance will attend Insurtech Rising Europe  in London https://finance.knect365.com/insurtech/speakers/risto-rossar

Feel free to follow us on Twitter to learn about our upcoming events! https://twitter.com/BlackInsure  :)

Great idea! since this is a security token, do you need license? do you only in certain countries?

Thank you for your support, Huobibi!

We are going to sell security tokens when the platform is ready and we start raising funds for the first syndicate. By that time we definitely have all licenses needed to make this happen.  :) We’re cooperating with the Estonian governments crypto working group to see that by the time we start doing the Black STOs, the conditions would be as favourable as possible

Hello,

We wanted to inform you that Black Insurance is now listed on Tokens Marketplace - https://tokensmarketplace.com/vendors/blackinsurance/

if you want to update your profile and change info about your token, please contact marketing@tokensmarketplace.com

Good luck to your project!

Yours,
Tokens Marketplace

Hello hegie_paul, thank you for your interest! The minimum amount is $100
Black Insurance ICO will start in October 2018, please feel free to register now to enjoy 25% bonus!
https://tokensale.black.insure/register

Thanks! I would point out that the ratings that you link to have improved meanwhile, e.g. ICOBench is up at 4.9 points now :)

How about the other countries? Asia?

Hello c4cat, While we will have our own insurance license only in Europe, to start with, we can do business in other regions by using a "fronting insurer" (basically a local insurer lends its license for a fee that's usually 3-5%), or through Lloyds of London license.  :)

I just had a look at ICOBench and didn't find any experts rating for the projects. Strange indeed! The project is so prominent but we still can't read a feedback about it and posted online.

Hi Colibra, expert rating is voluntary and not mandatory for all ICOs on ICOBench, of course, we look forward to and welcome experts on ICOBench to provide their feedback too.  :)

I find it quite curious as well. There has been a lot of talk that the ICOBench experts only rate ICO-s that pay them loads of money. In this regard, I'm wondering what's the true value of these ratings? "I approve of this ICO since they paid me 2 BTC"...?

Anyhow, I'll ask our team to reach out to some experts to see if they play ball.

Considering how many complete scam ICO-s there are out there, and that we have a legit team with loads of industry background, they well should look into our ICO, don't you all think?

---

Glad to announce that the first ICOBench review is in, and it's not too shabby at all :) Hope to get some more during the next days.

https://icobench.com/ico/black-insurance/ratings#ratings

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Hello Globcharmonthce, thank you for your support!

We accept ETH, BTC or LTC and BLCK coins can be stored in ERC20 wallets, such as Myetherwallet, ImToken, etc.

Black Insurance ICO will start in October 2018, please feel free to register now to enjoy 25% bonus!
https://tokensale.black.insure/register
 :)

How long will the ICO be? Will there be bonus given for users who register from Oct 2018 onwards?

Hi Ak2017! Pre-sale will run throughout October 2018, main sale will start on 1st November 2018 and run for 30 days.

You  may refer to the following illustration of the bonus tiers, let us know if you have any other questions!  :)
https://i.imgur.com/GKePOU0.png

---

thank you for your support, Withcofemo!

Black Insurance team is run by team members who have done insurance tech business for 18 years, having founded 5 insurance startups, 3 of them very successful: iizi, insly and premfina!

Feel free to read more about the team members on: https://medium.com/blackinsurance
Our founder - Risto https://medium.com/blackinsurance/meet-risto-the-founder-of-black-insurance-d87945ecfc7b

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Just found out that they have a partnership with INGOT Coin
https://medium.com/blackinsurance/black-ingot-coin-established-partnership-74cda60a906

Looks like this partnership with make it easier to exchange fiat and Black coins?

Hello Tpe2018, yes, Black and INGOT Coin are now looking at the different scopes in which both Utilities can be used and accessed together. There are several diffferent integration methods both ICOs can work on, especially the one that can allow access to Black and INGOT Coin tokens from the same platform.  :)

I appreciate this viewpoint but I suggest a different perspective.

We will operate on a two-sided market - insurance brokers on one side, and Black Security Token investors on the other side (not to be confused with the BLCK utility token we will offer on the upcoming ICO; please see the whitepaper to learn about the difference).

Why do we rely on brokers for distribution instead of trying to sell directly to customers? We have seen that ramping up customer base is very hard in insurance. However, we have more and more brokers coming to us to have their products created on our platform, and these guys already have the customers. Thus, we don't need to do large scale marketing - they are doing it instead of us.

On the other side, we have the BST investors. Here, some marketing is definitely called upon, but our strategy is to first work with institutional investors like hedge funds, family offices and all others that already invest in insurance-backed assets. Here, too, our emphasis is on sales outreach rather than on blanket marketing.

---

We have some team videos on the Youtube channel, and a few new ones are coming soon.

For instance, we just posted a video with our advisor Taavi Kotka, who is the de facto founder-CEO of something called "Estonian e-residency". Go ahead, google it, it's kind of a big thing :)

https://www.youtube.com/watch?v=hmYlUQEU3tw


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Actually, as far as I know, there is a pretty easy way for gaining more recognition from all kinds of experts without the need to pay extra money. I am not sure if the majority of the experts giving rates to the ICOBench projects are scammers or not but... I've heard that a common strategy is to write private messages to different people directly on linked in, building a strong engagement and connection with them. But even without it you could still ask for feedback from their side, share some docs. This way many projects receive good valuable comments. Although there are some TOP ICOBench experts who rate the projects driven by the need to keep their own rating higher... some valuable, authentic feedback is not something unusual.


Anyways... I am not judging, just giving some practices as an example and being curious about the stuff around. All the best!

Thanks! Funny as it might be, we did exactly what you just described during the last few days. Have 3 reviews now, and just had an almost 1-hour call with one particularly thorough ICOBench reviewer. So I trust a few more reviews should come in soon.

Thank you for your support princessjenyz! We are certainly working hard on promotion as well.

In addition, we have signed up 54 brokers who are doing ~330 million USD revenue, we are also working on the partnership with Munich RE (world’s 2nd biggest insurer) is far along in the pipeline.

Black Insurance ICO will start in October 2018, please feel free to register now to enjoy 25% bonus!
https://tokensale.black.insure/register  :)

Hello,

https://icobench.com/ico/black-insurance

Under ratings, someone said "I think its a really good project, solving some needs of the industry. By democratising how traditional insurance work, this will allow all the stakeholders in the value chain to maximise their gains. Blockchain will help create efficiency as well as transparency. Good team as well."

How do you democratise insurance?

Hello Zircot8, thanks for your interest! Through crowdfunding, everyone can participate in syndicate tokensale by purchasing BST security token, the syndicates can then fund the insurance brokers, finally the users will be able to purchase insurance products that are cheaper and specially tailored to their needs from the brokers.

Black Insurance acts as a platform to facilitate the above process.

Hi, what's the status of your license to sell the security token BLCK?

Hello c4cat, BLCK is a utility token which will be sold during our upcoming ICO in October > https://tokensale.black.insure/register

Our security token is called BST. We are going to sell security tokens when the platform is ready and we start raising funds for the first syndicate. By that time we definitely have all licenses needed to make this happen. We’re cooperating with the Estonian governments crypto working group to see that by the time we start doing the Black STOs, the conditions would be as favourable as possible.

However, based in Estonia, we see quite a bit of encouraging signals from the government that good actors will be accommodated in their Security Token efforts. Security Tokens are the future, and many governments will come along in the fear of missing out.

Insurance Business Magazine has published a wonderful interview with Black's founder Risto.

Start-up entrepreneur’s radical opinion: brokers can bypass insurers

by Gabriel Olano 22 Sep 2018
As insurtech start-ups try to disrupt the insurance industry, a relatively common theme is insurtechs eliminating or reducing the roles of intermediaries such as brokers.

However, one insurance start-up entrepreneur suggests going the opposite way: brokers bypassing insurers. Risto Rossar (pictured), co-founder of Estonian start-up Black Insurance, shared his opinion on innovation in the insurance industry with Insurance Business.

“The ‘operating system’ of insurance … is slow, riddled with red tape, and technologically redundant,” Rossar said. “Insurance products are one of the most obvious bottlenecks. In order for a start-up or other innovator to have the control over the very insurance product they sell, they should have an insurance license, a substantial organisation to support the compliance, and capital in the magnitude of millions, or dozens of...

Read the entire article HERE (https://www.insurancebusinessmag.com/asia/features/interviews/startup-entrepreneurs-radical-opinion-brokers-can-bypass-insurers-112026.aspx)

Good interview with Risto, I think ICO will be successful if it gives a few more in similar publications. I like his position and opinion about brokers, and the changes he talks about are really necessary. Undoubtedly, the application of blockchain and cryptocurrency technology in insurance will give more benefits to all participants.

What does it mean by bypass insurer? Is this possible?

Hello Klinext, thank you for your interest.

Absolutely, there is no insurers and reinsurers in Black Insurance ecosystem,  through crowdfunding, everyone can participate in syndicate tokensale by  purchasing BST security token, the syndicates can then fund the  insurance brokers, who is responsible in designing and selling insurance products  :)

---

The Founder and CEO of Black Insurance - Risto Rossar talks in Insurance Innovators Podcast about the problem that Black is solving and how we are going to do this.

https://insuranceinnovators.co/2018/09/27/ep-054-risto-rossar-black-insurance-tokenising-insurance-risk/

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When the brokers are selling insurance products via Black, how much is the profit sharing?

Hi Klinext! The revenue model of black itself is simple - Black Insurance platform charges a ~3% commission on the revenues, considering that traditionally, this part of the value chain takes up easily as much as 10-20% of revenues.  Hence, Black platform is much more cost effective for the brokers! :)

Black Insurance ICO pre-sale is now on! The participation in the Black Insurance ICO requires only 3 simple steps.
1. Sign up now at tokensale.black.insure (please check the URL before login)
2. Buy BLCK tokens
3. Receive your BLCK tokens after the ICO to your ERC20 compatible walled marked upon registration

The only way to invest is through https://tokensale.black.insure!

We will never contact you directly or via email to ask for contributions. There are various scam posts on medium and fake email campaigns going on.

Make sure you check the URL you are on when investing.

Read more from our Medium channel:
https://medium.com/blackinsurance/ico-announcement-3-easy-steps-to-participate-in-the-black-insurance-ico-f2b9172b73e

Thank you for your support, Danielsuper  :)

Invest in Black Insurance ICO pre-sale and earn additional bonuses on top of 25% early-bird bonus! https://tokensale.black.insure/

And then, when the token will be listed on the stock exchange, buy more ... every 5-10 times cheaper than on iso or pre-ICO with a super cool bonus)) I think that in all ICO - the provided bonuses are a big mistake.

Interesting. What do you suggest?

MEET THIS WEEK'S HOT ICO!

BLACK INSURANCE - Black connects insurance entrepreneurs with capital.  The Black platform creates a blockchain ecosystem for all parties that will bring transparency, democracy and efficiency to the insurance industry.

https://tokensmarketplace.com/market/finance-tokens/black-platform-token/
https://www.black.insure/

Their ICO ends on 01.11. 2018.

https://imgur.com/a/jUXscNr

Did not I understand this provision of "free insurance policies"? And how will the platform keep up with this scenario free insurance policies? ROI ?

Do i get it right that brokers make products and Black will back it up like the insurance company and if claims happen Black will pay for it? Brokers have no liability?

Please read this article https://medium.com/blackinsurance/the-black-platform-value-exchange-overview-and-transaction-scenarios-ea850633f469
It gives overview of Black platform value exchange and transaction scenarios.

Comrades, was the project able to collect a hardcap of $ 5 million? It's just that the bounty program ended prematurely, and it usually happens when hard-kaps are collected.

Black ICO has ended and hardcap was not reached. Please read more https://medium.com/blackinsurance/announcement-black-ico-has-ended-fa147e72da90

ICO is over? how much is earned from the sale of the ico project, does it reach the softcap target? what is the continuation of this project now, seeing that communication in this thread is no longer running, is this project stalled?

Even the telegram bot is silent. The bounty campaign has ended, but probably no one has received the payment.
It looks like, that project is another victim of the bear market or just another scam.

Black ICO has ended and hardcap was not reached. Please read more https://medium.com/blackinsurance/announcement-black-ico-has-ended-fa147e72da90
Many thanks

---

Black ICO has ended and hardcap was not reached. Please read more https://medium.com/blackinsurance/announcement-black-ico-has-ended-fa147e72da90
Many thanks

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