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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 📢 [ANN]Black Insurance digital insurance company on the blockchain on: October 08, 2018, 08:11:31 AM
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
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?
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 📢 [ANN]Black Insurance digital insurance company on the blockchain on: September 22, 2018, 10:36:32 AM
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
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 📢 [ANN]Black Insurance digital insurance company on the blockchain on: September 14, 2018, 11:15:21 AM
Black Insurance is already rated by Cryptolaboratory. All facts are here. Don't miss it!  Wink


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 Smiley

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.



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 Smiley Hope to get some more during the next days.

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

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.
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 📢 [ANN]Black Insurance digital insurance company on the blockchain on: September 14, 2018, 11:07:08 AM
I find that the reward structure is balanced. There's a use case, which is pretty rare. I'm waiting to hear more about the team. I started mining it from the beginning. They started the bounty campaign and I think if they can create a community, it could be a success.

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 Smiley

https://www.youtube.com/watch?v=hmYlUQEU3tw
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 📢 [ANN]Black Insurance digital insurance company on the blockchain on: September 14, 2018, 11:04:38 AM
Attracting to the investors and spreading the information about this business can be attained if the team really have to create a good advertisement and social marketing strategy campaign.

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.
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 📢 [ANN]Black Insurance digital insurance company on the blockchain on: September 12, 2018, 01:47:50 PM
Black Insurance is already rated by Cryptolaboratory. All facts are here. Don't miss it!  Wink


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 Smiley

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.



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 Smiley Hope to get some more during the next days.

https://icobench.com/ico/black-insurance/ratings#ratings
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 📢 [ANN]Black Insurance digital insurance company on the blockchain on: September 12, 2018, 09:33:06 AM
Black Insurance is already rated by Cryptolaboratory. All facts are here. Don't miss it!  Wink


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 Smiley

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.



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?
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 📢 [ANN]Black Insurance digital insurance company on the blockchain on: September 11, 2018, 10:24:44 AM
Black Insurance is already rated by Cryptolaboratory. All facts are here. Don't miss it!  Wink


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 Smiley
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 📢 [ANN]Black Insurance digital insurance company on the blockchain on: September 05, 2018, 07:45:00 AM
Great score from ICOMarks Smiley

https://icomarks.com/ico/black-insurance
10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 📢 [ANN]Black Insurance digital insurance company on the blockchain on: September 02, 2018, 07:51:58 AM
How do I understand the platform isn't ready yet, for the general access? Your features which other projects didn't have are interesting?

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" Smiley
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 📢 [ANN]Black Insurance digital insurance company on the blockchain on: August 30, 2018, 11:37:54 AM
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

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?

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.
12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 📢 [ANN]Black Insurance digital insurance company on the blockchain on: August 30, 2018, 11:30:50 AM
interesting explanation from your team, How is the development of your token sales now? maybe it's as a reference for me or others to be involved in this platform.

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.
13  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 📢 [ANN]Black Insurance digital insurance company on the blockchain on: August 30, 2018, 11:23:20 AM
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.

Tried to find your cotnact e-mail but I couldn't succeed. Can you help me please? I have an offer for you guys.
14  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 📢 [ANN]Black Insurance digital insurance company on the blockchain on: April 26, 2018, 10:43:27 AM
Sounds good so far but I have a few questions?
1. What will be the use of the tokens exactly?

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.

2 who are your competitors in the cryptoshpere?

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!
15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 📢 [ANN]Black Insurance digital insurance company on the blockchain on: April 26, 2018, 10:36:40 AM
I would like to know more about the team who are behind this because no profile links are available to get more details.

The key members of the Black team is listed on our website http://www.black.insure, together with LinkedIn profiles.
16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 📢 [ANN]Black Insurance digital insurance company on the blockchain on: April 26, 2018, 08:59:26 AM
What kind of insurance are you offering here? And if a person will use your platform, does he have to give all the details?

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.
17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 📢 [ANN]Black Insurance digital insurance company on the blockchain on: April 26, 2018, 08:51:06 AM
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.

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.
18  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 📢 [ANN]Black Insurance digital insurance company on the blockchain on: April 26, 2018, 08:41:23 AM
i see a lot of insurance project coming to this blckchain era,,
so,what is the main difference from the others insurance project ?
regards

Thanks for this question.

Please read my previous reply here:
https://bitcointalk.org/index.php?topic=3372186.msg35461704#msg35461704
19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 📢 [ANN]Black Insurance digital insurance company on the blockchain on: April 25, 2018, 10:57:57 AM
Interesting project - do you plan on offering insurance internationally too?

Good question, thanks.

First, Black is only 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, though, on behalf of the business users, but we don't design or sell the 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 US being the usual suspect, of course.
20  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 📢 [ANN]digital insurance company Black Insurance on: April 24, 2018, 11:44:35 AM
Exhaustive information provided by OP, I have learn a lot from it Smiley

Please provide more information about Black insurance, at least some links so that people can easily have access to the project related stuff.

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.
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