[ANN] [IPL] InsurePal | Distributed social proof insurance

[matjazsircelj]

Hey I have a question, under what circumstances can someone guarantee for the lower price in the future car insurance?

One of the purposes of InsurePal platform is to lower premiums through social proof guarantee. You can read more about the platform here https://insurepal.io/platform.

[1715365951]

1715365951

[1715365951]

1715365951

[1715365951]

1715365951

[1715365951]

1715365951

[karasuri]

You say that social proof is an in-built mechanism within all of us but are you sure that people and their behavior can be counted in such matters? 

Absolutely. We see and use social proof psychology every day and all around us, in business, marketing, why not in insurance. Even for example, if you have a choice between a restaurant that is full or restaurant that is empty - which one do you choose?

We are sure of that, that's why we started with this idea and developing the project.
There's also a patent you can check http://www.freepatentsonline.com/y2017/0243298.html.

you should understand that the restaurant and insurance are a bit different and  it is worthwhile to conduct experiments and observations before using such knowledge.

[matjazsircelj]

You say that social proof is an in-built mechanism within all of us but are you sure that people and their behavior can be counted in such matters? 

Absolutely. We see and use social proof psychology every day and all around us, in business, marketing, why not in insurance. Even for example, if you have a choice between a restaurant that is full or restaurant that is empty - which one do you choose?

We are sure of that, that's why we started with this idea and developing the project.
There's also a patent you can check http://www.freepatentsonline.com/y2017/0243298.html.

you should understand that the restaurant and insurance are a bit different and  it is worthwhile to conduct experiments and observations before using such knowledge.

We do understand that restaurant and insurance are very different, but this example was just for the purpose of providing one of many examples of social proof psychology that is present in our society. There was quite a lot of research behind the project. Patent was developed http://www.freepatentsonline.com/y2017/0243298.html, as well as the proof of concept https://github.com/InsurePal.

You are welcome to read the whitepaper https://insurepal.io/InsurePal_whitepaper.pdf, and join our Telegram discussion group https://t.me/InsurePal.

[chanchenjhun]

Reserve for Filipino translation.

[ole1]

Hey I have a question, under what circumstances can someone guarantee for the lower price in the future car insurance?

One of the purposes of InsurePal platform is to lower premiums through social proof guarantee. You can read more about the platform here https://insurepal.io/platform.

Is limited how many endorsers can u have?

[matjazsircelj]

Hey I have a question, under what circumstances can someone guarantee for the lower price in the future car insurance?

One of the purposes of InsurePal platform is to lower premiums through social proof guarantee. You can read more about the platform here https://insurepal.io/platform.

Is limited how many endorsers can u have?

Yes, the limit will be five endorsers.

[FoxSilver]

"InsurePal will be built on the Ethereum blockchain so that each time you are guaranteed it is recorded in a transparent public ledger (InsurePal “token”, IPL). Over time, these repeat records of you as a trustworthy person become a kind of “Social Proof TrustScore”, which could help you secure cheaper insurance and loans across a whole host of financial services. "

https://medium.com/insurepal-blog/can-social-proof-change-the-world-c916e4abb645

So InsurePal will also be helping with securing loans? If i read right for now only car insurance will be available?

[ModGirl]

I spend a good time to read the details of the project. I got much and found this project a very high potential project. I am promoting this project with whole heartedly and want to invest in this project as I know that after the end of ICO I will get a huge amount when the price increase in exchanges.

[Crypto_maniac7]

it's not all about ico token rising, its mmuch more about believing in project and breathe with it. I just checked a bit InsurePal and it looks very well. I like how i see lots of articles about it, good promotion! Great start of 2018 for crypto

[rushie_8]

I am wondering, will there be any limits for young drivers. For example, if somebody just got their driving license and of course their first car, and needs insurance for it? Which limitations will be in this situation, since we don't know how safe this driver is?

[tippytoes]

You say that social proof is an in-built mechanism within all of us but are you sure that people and their behavior can be counted in such matters? 

Absolutely. We see and use social proof psychology every day and all around us, in business, marketing, why not in insurance. Even for example, if you have a choice between a restaurant that is full or restaurant that is empty - which one do you choose?

We are sure of that, that's why we started with this idea and developing the project.
There's also a patent you can check http://www.freepatentsonline.com/y2017/0243298.html.

That's what I like on this project. They already have the patent even before the ICO. This just cemented its stability as a project and the validity that they can commit to their objectives. This kind of facet is good for investors. But what are your top categories of insurance that you will venture with?

[matjazsircelj]

"InsurePal will be built on the Ethereum blockchain so that each time you are guaranteed it is recorded in a transparent public ledger (InsurePal “token”, IPL). Over time, these repeat records of you as a trustworthy person become a kind of “Social Proof TrustScore”, which could help you secure cheaper insurance and loans across a whole host of financial services. "

https://medium.com/insurepal-blog/can-social-proof-change-the-world-c916e4abb645

So InsurePal will also be helping with securing loans? If i read right for now only car insurance will be available?

The InsurePal platform will act as a global provider of various insurance module based on social proof mechanics. So basically any service that would use social proof mechanics, could implement our platform.
In 2018 we'll launch a car insurance pilot in UK. https://insurepal.io/roadmap

[matjazsircelj]

I am wondering, will there be any limits for young drivers. For example, if somebody just got their driving license and of course their first car, and needs insurance for it? Which limitations will be in this situation, since we don't know how safe this driver is?

That is the point of social proof insurance, so that you (or young drivers, or anybody for that matter) can get an endorser that guarantees that you are a good driver. This guarantee will also be financially responsible for your actions and thus influence your behavior in a positive light. https://insurepal.io/platform

[masstahcoiner]

I spend a good time to read the details of the project. I got much and found this project a very high potential project. I am promoting this project with whole heartedly and want to invest in this project as I know that after the end of ICO I will get a huge amount when the price increase in exchanges.

i think it's not just about the price

they will change insurance systems all over the world  and bring benefits and cheaper prices for US - buyers

[diomiobadass]

INSUREPAL ICO | WHITEPAPER | LIGHTPAPER | TELEGRAM DISCUSSION | FACEBOOK | TWITTER | LINKEDIN | GITHUB



^{▄▄▄▄▄▄▄▄▄▄▄▄▄}
WHAT IS INSUREPAL

InsurePal is a next generation of peer-to-peer insurance based on social proof endorsements, fully harnessing the power of blockchain innovation.

^▄▄
OUR VISION

InsurePal aims to become a first-of-a-kind blockchain-based decentralized insurance platform powered by social proof guarantee. It will serve as a replacement for insurances as we know and offer a completely new type of coverage for areas of life and business that began to emerge with the evolution of blockchain and transactions being carried out on the distributed ledger.

^▄▄
SOCIAL PROOF

Social proof is an in-built mechanism within all of us, representing people`s moral compass. InsurePal embeds social proof in a form of financial commitment. The endorser who financially guarantees for someone has to use its own due diligence when providing the guarantee to at the risk of losing their money. Through such endorsements, the network in whole becomes more risk aware.

^▄▄
PATENT

This is the first time we have successfully reinvented the social proof for insurance industry. The innovative approach has been filed for patent protection in US and worldwide.

^▄▄
BUILDING THE INTERNET OF INSURANCE

The future of blockchain is identity without authority. The crypto is expanding from digital trading to something that will become a parallel economy, constituting fundamental changes. The mass adaptation of digital currencies of is just around the corner, and the need for blockchain identity and transaction regulation will soon arise. For that, InsurePal is making important strategic partnerships already today to build the three basic pillars of future business that will help grow confidence among trustees and speed up their business operations on the blockchain.





^{▄▄▄▄▄▄▄▄▄▄▄▄▄}
INSUREPAL PLATFORM

InsurePal sees the blockchain innovation as an opportunity to improve transparency and outcomes across the entire value chain. The platform will work as a dAPP for B2C customers and as a service for B2B partners that will resell social proof insurance by using InsurePal solution.



B2C
InsurePal will provide a customer-centric experience, allowing the users to easily navigate through the process and obtain the most favorable insurance premium via their mobile device dAPP.

B2B
The InsurePal platform will act as a glob al provider of various insurance modules based on social proof mechanics. That way all interested third-parties will be able to use the platform as stand-alone providers by paying a predetermined fee.



^{▄▄▄▄▄▄▄▄}
MARKET

We believe the insurance of tomorrow should explore the technological improvements and reestablish the relationship of trust by application of peer-to-peer and mutual markets. Insurance industry is a 7 trillion global market representing a huge opportunity for us to reach our expected target 1 % (70 billion).



^{▄▄▄▄▄▄▄▄}
TEAM

Everyone needs an insurance, that will not change. But, we are dedicated to convert the incremental approaches of the past and invent new ways to make insurance simpler, better and fairer to you. Our team combines the best industry knowledge and technical background to deliver an amazing coverage, but it is our passion that guarantees your trust stays with us.

Explore our team and their Linkedin profiles here.

^{▄▄▄▄▄▄▄▄}
MILESTONES

In last three years, InsurePal has walked a long road from a great idea to a most serious business. Since we are aware insurance is one of the most regulated industries, we want to ensure optimum conditions for achieving our goals in the set time. Our team is 100% passionate and absolutely committed to delivering our promise to you.



^{▄▄▄▄▄▄▄▄}
CROWDSALE INFORMATION






EXPLORE OUR PROJECT WWW.INSUREPAL.IO
ENGAGE IN TELEGRAM COMMUNITY
DOWNLOAD OUR WHITEPAPER OR LIGHTEPAPER
STAY IN TOUCH BY SUBSCRIBING TO INSUREPAL NEWSLETTER

16.jan 2018  will be new year =)

[hrbtzor]

Interesting reading


The dusk of incumbents is the dawn of InsurePal


The insurance industry sat back too long, not respecting and reacting to social and economic changes of young generations and disrupting evolution of new technologies. Insurance left the door open for disruption, which is happening right now. Their vanity has resulted in biggest challenges the insurance industry is facing today: poor risk management based on bad market segmentation which they are trying to overcome with the use of expensive privacy invading technological solutions and tracking methods. And their size prevents agile response to the needs of the evolving market, rising needs of modern consumers and their expectations.

Driving forces of business today have the potential to build tomorrow’s society based on trust and transparency. Technology as the key component of that future enables new approaches to social contracts and is disrupting all industries, from medicine to governmental services, from automotive industry to farming. InsurePal aims to be among the early adopters of blockchain technology in insurtech, to offer modern insurance at an affordable price by leveraging the habits and needs of the future generations and bringing personal data back from insurance company to users.

InsurePal Uses What is Good and Improves What Is Not

We believe that future society will be successful only if we share common values, such as responsibility and reciprocity. Through the concept of social proof insurance, we are able to impact not only insurance industry, but also other industries that strive to make our common future more healthy and prosperous.

Our idea is to offer a significantly lower premium to all insureds that get a proof of trust from one or more people. All actions generate a certain amount of information reflected in the Social Proof Trustscore, factor that tells if a person can be trusted or not and to what extent. Use of social proof will allow non-invasive information gathering to improve the current system, since information is held by you and only you have the key to pass it on.

Social proof hits the eye of existing insurance challenges — namely the fraudulent claims, which are causing huge costs to insurers as in some cases 1% of fraud claims makes for 10% of all claims costs. With diligent individuals who act responsibly to themselves, their trustees and the society as a whole. With responsible individuals who look after each other, the social proof psychology will improve the safety of our neighborhoods, streets and cities we live in.

Where is insurance today?

For the most part, it is where is has always been. In the hands of heavy centralized players, who dictate the terms of service, from package content to premiums. Insurtech today is trying to implement new technologies into existing pools of insurance packages, scratching only the surface of insurance industry. Underwriting of insurance consumers relies heavily on user data, sophisticated analytics and complex centralized systems.

Insurtech has been challenging the existing models for a few years now, and the incumbent market has started reacting just recently. This rigidness has caused emergence of insurtech companies, that are counted in thousands already and I am sure 2018 is going to be a breaking year for the industry.

Why do we need insurance of tomorrow?

InsurePal aims to change and improve the current conditions of insurance. On one hand, it gives the leverage to lower the prices to users and on the other hand, it also gives privacy back to users.

Why do we need insurance of tomorrow?

InsurePal aims to change and improve the current conditions of insurance. On one hand, it gives the leverage to lower the prices to users and on the other hand, it also gives privacy back to users.


The approach of InsurePal’s social proof mechanism delivers services one step beyond of merely insurance services. It impacts the individual responsibility and has the implications to improve human behavior within society. It empowers individuals to take on responsibility for their actions and rewards them for fair play.

The P2P (peer-to-peer) model which can best leverage blockchain revolution when it becomes widely adopted, enables our generation to experience new forms of insurance adjusted to the needs of today, our modern lifestyle and heavy use of new technology. It is also our non-invasive answer to the semi-digital transformation that the incumbents first adopted in forms of expensive, privacy invasive electronic ware (telematics, wearables, IoT) to improve segment information for improved risk assessment.

[geoneojapan]

Insurepal advertise on coinmarketcap.com  and all other big crypto portals! That's bright for future and success of ICO

[GhostKiller55]

INSUREPAL ICO | WHITEPAPER | LIGHTPAPER | TELEGRAM DISCUSSION | FACEBOOK | TWITTER | LINKEDIN | GITHUB



^{▄▄▄▄▄▄▄▄▄▄▄▄▄}
WHAT IS INSUREPAL

InsurePal is a next generation of peer-to-peer insurance based on social proof endorsements, fully harnessing the power of blockchain innovation.

^▄▄
OUR VISION

InsurePal aims to become a first-of-a-kind blockchain-based decentralized insurance platform powered by social proof guarantee. It will serve as a replacement for insurances as we know and offer a completely new type of coverage for areas of life and business that began to emerge with the evolution of blockchain and transactions being carried out on the distributed ledger.

^▄▄
SOCIAL PROOF

Social proof is an in-built mechanism within all of us, representing people`s moral compass. InsurePal embeds social proof in a form of financial commitment. The endorser who financially guarantees for someone has to use its own due diligence when providing the guarantee to at the risk of losing their money. Through such endorsements, the network in whole becomes more risk aware.

^▄▄
PATENT

This is the first time we have successfully reinvented the social proof for insurance industry. The innovative approach has been filed for patent protection in US and worldwide.

^▄▄
BUILDING THE INTERNET OF INSURANCE

The future of blockchain is identity without authority. The crypto is expanding from digital trading to something that will become a parallel economy, constituting fundamental changes. The mass adaptation of digital currencies of is just around the corner, and the need for blockchain identity and transaction regulation will soon arise. For that, InsurePal is making important strategic partnerships already today to build the three basic pillars of future business that will help grow confidence among trustees and speed up their business operations on the blockchain.





^{▄▄▄▄▄▄▄▄▄▄▄▄▄}
INSUREPAL PLATFORM

InsurePal sees the blockchain innovation as an opportunity to improve transparency and outcomes across the entire value chain. The platform will work as a dAPP for B2C customers and as a service for B2B partners that will resell social proof insurance by using InsurePal solution.



B2C
InsurePal will provide a customer-centric experience, allowing the users to easily navigate through the process and obtain the most favorable insurance premium via their mobile device dAPP.

B2B
The InsurePal platform will act as a glob al provider of various insurance modules based on social proof mechanics. That way all interested third-parties will be able to use the platform as stand-alone providers by paying a predetermined fee.



^{▄▄▄▄▄▄▄▄}
MARKET

We believe the insurance of tomorrow should explore the technological improvements and reestablish the relationship of trust by application of peer-to-peer and mutual markets. Insurance industry is a 7 trillion global market representing a huge opportunity for us to reach our expected target 1 % (70 billion).



^{▄▄▄▄▄▄▄▄}
TEAM

Everyone needs an insurance, that will not change. But, we are dedicated to convert the incremental approaches of the past and invent new ways to make insurance simpler, better and fairer to you. Our team combines the best industry knowledge and technical background to deliver an amazing coverage, but it is our passion that guarantees your trust stays with us.

Explore our team and their Linkedin profiles here.

^{▄▄▄▄▄▄▄▄}
MILESTONES

In last three years, InsurePal has walked a long road from a great idea to a most serious business. Since we are aware insurance is one of the most regulated industries, we want to ensure optimum conditions for achieving our goals in the set time. Our team is 100% passionate and absolutely committed to delivering our promise to you.



^{▄▄▄▄▄▄▄▄}
CROWDSALE INFORMATION






EXPLORE OUR PROJECT WWW.INSUREPAL.IO
ENGAGE IN TELEGRAM COMMUNITY
DOWNLOAD OUR WHITEPAPER OR LIGHTEPAPER
STAY IN TOUCH BY SUBSCRIBING TO INSUREPAL NEWSLETTER

16.jan 2018  will be new year =)

Very cool. you have reddit?

[matjazsircelj]

INSUREPAL ICO | WHITEPAPER | LIGHTPAPER | TELEGRAM DISCUSSION | FACEBOOK | TWITTER | LINKEDIN | GITHUB



^{▄▄▄▄▄▄▄▄▄▄▄▄▄}
WHAT IS INSUREPAL

InsurePal is a next generation of peer-to-peer insurance based on social proof endorsements, fully harnessing the power of blockchain innovation.

^▄▄
OUR VISION

InsurePal aims to become a first-of-a-kind blockchain-based decentralized insurance platform powered by social proof guarantee. It will serve as a replacement for insurances as we know and offer a completely new type of coverage for areas of life and business that began to emerge with the evolution of blockchain and transactions being carried out on the distributed ledger.

^▄▄
SOCIAL PROOF

Social proof is an in-built mechanism within all of us, representing people`s moral compass. InsurePal embeds social proof in a form of financial commitment. The endorser who financially guarantees for someone has to use its own due diligence when providing the guarantee to at the risk of losing their money. Through such endorsements, the network in whole becomes more risk aware.

^▄▄
PATENT

This is the first time we have successfully reinvented the social proof for insurance industry. The innovative approach has been filed for patent protection in US and worldwide.

^▄▄
BUILDING THE INTERNET OF INSURANCE

The future of blockchain is identity without authority. The crypto is expanding from digital trading to something that will become a parallel economy, constituting fundamental changes. The mass adaptation of digital currencies of is just around the corner, and the need for blockchain identity and transaction regulation will soon arise. For that, InsurePal is making important strategic partnerships already today to build the three basic pillars of future business that will help grow confidence among trustees and speed up their business operations on the blockchain.





^{▄▄▄▄▄▄▄▄▄▄▄▄▄}
INSUREPAL PLATFORM

InsurePal sees the blockchain innovation as an opportunity to improve transparency and outcomes across the entire value chain. The platform will work as a dAPP for B2C customers and as a service for B2B partners that will resell social proof insurance by using InsurePal solution.



B2C
InsurePal will provide a customer-centric experience, allowing the users to easily navigate through the process and obtain the most favorable insurance premium via their mobile device dAPP.

B2B
The InsurePal platform will act as a glob al provider of various insurance modules based on social proof mechanics. That way all interested third-parties will be able to use the platform as stand-alone providers by paying a predetermined fee.



^{▄▄▄▄▄▄▄▄}
MARKET

We believe the insurance of tomorrow should explore the technological improvements and reestablish the relationship of trust by application of peer-to-peer and mutual markets. Insurance industry is a 7 trillion global market representing a huge opportunity for us to reach our expected target 1 % (70 billion).



^{▄▄▄▄▄▄▄▄}
TEAM

Everyone needs an insurance, that will not change. But, we are dedicated to convert the incremental approaches of the past and invent new ways to make insurance simpler, better and fairer to you. Our team combines the best industry knowledge and technical background to deliver an amazing coverage, but it is our passion that guarantees your trust stays with us.

Explore our team and their Linkedin profiles here.

^{▄▄▄▄▄▄▄▄}
MILESTONES

In last three years, InsurePal has walked a long road from a great idea to a most serious business. Since we are aware insurance is one of the most regulated industries, we want to ensure optimum conditions for achieving our goals in the set time. Our team is 100% passionate and absolutely committed to delivering our promise to you.



^{▄▄▄▄▄▄▄▄}
CROWDSALE INFORMATION






EXPLORE OUR PROJECT WWW.INSUREPAL.IO
ENGAGE IN TELEGRAM COMMUNITY
DOWNLOAD OUR WHITEPAPER OR LIGHTEPAPER
STAY IN TOUCH BY SUBSCRIBING TO INSUREPAL NEWSLETTER

16.jan 2018  will be new year =)

Very cool. you have reddit?

Hi. Yes, we have reddit https://www.reddit.com/r/InsurePal/, but we just started with it, so we would appreciate the support there. Thank you.

[CypherOG]

I must say great job on the web marketing all the popular ICO sites and crypto media. !