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Good morning, will you IPL be the brokerage firm or are you working in partnership with other insurers to make the insurance plans?
from the previous post above: " Man, I really like how fast the team is responding to questions"...yes that is true, but only to questions which are not uncovering their intended insurance business model. To your not responded question, you are right, they will perform their business operations through a brokerage company, on the other side, it means they will be in partnership with an insurer, but just like any other broker on UK market. In that case, they can offer only traditional insurance products. These insurers will not change their pricing methods just because this project has "blockchain" and "social proof" label on it. Or is really somebody here who believe that tradional insurers will just stood up and clapped while IPL steals their insurance portfolio? |
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Im really interested in InsurePal , found them by youtube advert if i remember right  The idea is really amazing , just wondering is there any competitors whos building something similar ? i think there are no competitors right now idea is really amazing i am buying now for whole week on livecoin from weak hands love it! don't be ridiculous, there are lot of brokers and agents on UK market (following their business plan)...so far, they did nothing...and when I look at the business plan, they have nothing to offer...there are much more promising projects |
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So, as I understand insurepal will not be the one doing the insurance. They are just going to be the tech behind it?
Yes, you understand correctly, they will be in a partnership with an insurance company like Allianz, Aviva, Zurich and so on, they will act only as an agent. That means the real pricing of the product will not be done by Insurepal! And then....they just have to convince huge mass of people to buy IPL tokens to get a regular insurance product |
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I am only going to say this: InsurePal is a HODL ICO. If you look what they have accomplished, read the facts and believe in what they are going to change in insurance industry with social proof this is going to be huge !
Please tell us what they have accomplished, because I just see very nice marketing materials and bunch of guys holding worthless tokens pasting empty phrases on this forum. If you know the facts you can tell us how they will beat old insurance companies by selling products created by these companies for a commission. I guess you are some sort of idiot who is trying to diss this project. ATM they did not accomplished nothing like many many sucssessful ICOs like ICON, EXPERTY, CINDICOTOR, KYBER and so on... But the project will be huge. This will be the first BLOCKCHAIN insurance do you understand that? Transfers will be insured, so that if you make a mistake, if somebody steals from you all that you can insure now. THAT ALLONE is freakin huge... Do yo understand that?! Car insurance, life insurance, health insurance all this will be run on Smart contracts and it will be more cheap that it is now.. If they get and for me this is really low, but their plan is if they get 1% of insurable assets, this will make IPL worth more than billions IN REAL ECONOMY. Do you have any idea how big this project is? This is not some people who got together and said hey guys lets make an ICO and get some money.... This is a serious project... And when they will accomplish something (this summer) you are going to feal the biggest idiot with stupid questions like that... I guess you didnt get into Crowdsale and now mad... bunch of guys holding worthless tokens . YOU CAN SAY THAT ON EVERY FREAKIN CRYPTO COIN OUT THERE... freakin moron.... Uuuh, nevermind, I remain polite... Explain how they can get 1% from this market with MGA license? please if you do not clearly understand this industry stop using phrases from their marketing campaign....read more than that! Hi, we just finished with the crowdsale phase and our next steps lead to the platform development and activities you already mentioned. We will have more development soon, so please stay tuned for further announcements. Thank you. Hey, really appreciate your first reply on my comments, right after the above discussion started Dont get me wrong, I am huge fan of blockchain and also like your business idea, combining blockchain with these guarantees, but your business plan is very poor and there is no way you can succeed, not in the scale these guys dream about. not with MGA model. not on one of the most competitive market in the world. There are other much more promising blockchain projects. The real question is what is your main business goal and I would guess it is already achieved |
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I am only going to say this: InsurePal is a HODL ICO. If you look what they have accomplished, read the facts and believe in what they are going to change in insurance industry with social proof this is going to be huge !
Please tell us what they have accomplished, because I just see very nice marketing materials and bunch of guys holding worthless tokens pasting empty phrases on this forum. If you know the facts you can tell us how they will beat old insurance companies by selling products created by these companies for a commission. I guess you are some sort of idiot who is trying to diss this project. ATM they did not accomplished nothing like many many sucssessful ICOs like ICON, EXPERTY, CINDICOTOR, KYBER and so on... But the project will be huge. This will be the first BLOCKCHAIN insurance do you understand that? Transfers will be insured, so that if you make a mistake, if somebody steals from you all that you can insure now. THAT ALLONE is freakin huge... Do yo understand that?! Car insurance, life insurance, health insurance all this will be run on Smart contracts and it will be more cheap that it is now.. If they get and for me this is really low, but their plan is if they get 1% of insurable assets, this will make IPL worth more than billions IN REAL ECONOMY. Do you have any idea how big this project is? This is not some people who got together and said hey guys lets make an ICO and get some money.... This is a serious project... And when they will accomplish something (this summer) you are going to feal the biggest idiot with stupid questions like that... I guess you didnt get into Crowdsale and now mad... bunch of guys holding worthless tokens . YOU CAN SAY THAT ON EVERY FREAKIN CRYPTO COIN OUT THERE... freakin moron.... Uuuh, nevermind, I remain polite... Explain how they can get 1% from this market with MGA license? please if you do not clearly understand this industry stop using phrases from their marketing campaign....read more than that! |
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I am only going to say this: InsurePal is a HODL ICO. If you look what they have accomplished, read the facts and believe in what they are going to change in insurance industry with social proof this is going to be huge !
Please tell us what they have accomplished, because I just see very nice marketing materials and bunch of guys holding worthless tokens pasting empty phrases on this forum. If you know the facts you can tell us how they will beat old insurance companies by selling products created by these companies for a commission. |
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Hi,
can you be more specific about your UK pilot program - car insurance?
What will be the scope of the coverage? The policy will cover only an at fault claim? or the scope will be wider(theft, catastrophe,..)?
I assume that you will act only as a broker, with underwriting authority from an insurer, so you can do your own pricing, with some limitations of course, but the risk will be transferred to an old fashioned insurance company. InsurePal AG will be rewarded by a brokerage or commission. Up-front discount is something like up-front year-end bonus, when no an at fault claim will occure within the next year. Is that correct?
Then the real challenge of your business model is, how much cheaper your premium with up-front discount will be, comparing it with old fashioned insurance market, in which you are in partnership.
Thanks
Guys, just be careful and seriously reconsider your investment, because it seems (dont have reply from Insurepal on above) that it is just a traditional insurance scheme wrapped it up in nice blockchain and social proof packing. Well, there might be a small discount for the end user, but still, you must convince huge mass of people to buy ETH and then IPL. I just dont see any business case behind Insurepal which, in next 5-7 years, can bring millions in profit. great day for ICO  |
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Hi,
can you be more specific about your UK pilot program - car insurance?
What will be the scope of the coverage? The policy will cover only an at fault claim? or the scope will be wider(theft, catastrophe,..)?
I assume that you will act only as a broker, with underwriting authority from an insurer, so you can do your own pricing, with some limitations of course, but the risk will be transferred to an old fashioned insurance company. InsurePal AG will be rewarded by a brokerage or commission. Up-front discount is something like up-front year-end bonus, when no an at fault claim will occure within the next year. Is that correct?
Then the real challenge of your business model is, how much cheaper your premium with up-front discount will be, comparing it with old fashioned insurance market, in which you are in partnership.
Thanks
Guys, just be careful and seriously reconsider your investment, because it seems (dont have reply from Insurepal on above) that it is just a traditional insurance scheme wrapped it up in nice blockchain and social proof packing. Well, there might be a small discount for the end user, but still, you must convince huge mass of people to buy ETH and then IPL. I just dont see any business case behind Insurepal which, in next 5-7 years, can bring millions in profit. |
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Hi,
can you be more specific about your UK pilot program - car insurance?
What will be the scope of the coverage? The policy will cover only an at fault claim? or the scope will be wider(theft, catastrophe,..)?
I assume that you will act only as a broker, with underwriting authority from an insurer, so you can do your own pricing, with some limitations of course, but the risk will be transferred to an old fashioned insurance company. InsurePal AG will be rewarded by a brokerage or commission. Up-front discount is something like up-front year-end bonus, when no an at fault claim will occure within the next year. Is that correct?
Then the real challenge of your business model is, how much cheaper your premium with up-front discount will be, comparing it with old fashioned insurance market, in which you are in partnership.
Thanks
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