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.