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

[CypherOG]

Already nice brief lightpaper: https://insurepal.io/InsurePal_lightpaper.pdf, Whitepaper is a bit much but you get a lot of information out of it. You have some FAQ post on medium ?

[matjazsircelj]

Already nice brief lightpaper: https://insurepal.io/InsurePal_lightpaper.pdf, Whitepaper is a bit much but you get a lot of information out of it. You have some FAQ post on medium ?

Thank you! We are assembling FAQs and we'll post it soon.

[matjazsircelj]

Seems like a very interesting project, I've read the whitepaper and I'm truly a fan of your vision, I've encountered a project similar to this in the past but it turned out to be a scam so when it comes to projects that deal with insurance I'm quite nervous to take risks, but with this one I'm quite convinced to take part of this project. Knowing that this project has been around for three years, that's quite a good sign that you mean business here. I also do like the fact that you have this social proof feature, that's very unique and very new to the insurance industry and if you think about it, this approach could really be beneficial to a lot of users. It's really nice that this project is based on trust, it's a huge part of our everyday lives, with this project you can help your friends and through your help they can gain benefits as well, which is a win-win situation and can also bring people closer together. It's also a huge plus that endorsers will only get charged in case the person will file a fault claim so if they ended up not filing a fault claim then you can get tokens that's worth $100 for free so as an endorser and that's a huge benefit. Anyway I just have something to ask, what if the endorser decided to withdraw his/her endorsement is that possible? And is there a maximum number of endorsers a person can get?.

Hi. If endorser decides to withdraw, benefits are lost, of course, and in addition there might be penalty, as in case of claim. Maximum number of endorsers are limited to five.

Oh okay so who will be given the penalty? The endorser? The person whom the endorser endorse or both? And how much will be the penalty if ever something like that occurs?. That's great that you have set maximum limits, 5 is quite a good number and enough to help someone save a huge amount of money on his insurance anyway I'm quite not good with math so I just want to ask how much percent can a person save if ever he'll have 5 endorsers?. I'm also curious about this  is there a maximum number of years a person can be an endorser for someone? And when will you go global with this project? I really think that this project can help people from all around the world save a lot of money on their insurance, I'm sure once this project will go global then it will be a total hit! A lot of people are having problems with their insurance nowadays and could really use the social proof feature to save some money.

Penalty will be agreed and part of smart contracts. But essentially both lose their money in contract is breached. More on platform here https://insurepal.io/platform.
There are no maximum number of years specified, it will depend on the insurance package... We'll have a car insurance pilot in 2018. https://insurepal.io/roadmap.
And yes, being a global actor is the goal.

Oh okay that's pretty clear, thanks for the link mate, it made me really understand what the platform is for and what features are integrated with it. I've just notice that there is a social proof trust score, how does this work? Is the person rated by his/her endorsers? Or by the platform itself?. That's great that by 2018 a car insurance will be available, I'm sure that will help people test out and give this project features a try, it will also allow them to adopt the platform and integrate it into their day to day lives. I'm quite confident that by 2018, this project will be adopted by a really large market and when that happens going global will be very easy for this project.

About social proof trustscore (from the whitepaper)
"InsurePal social proof network will exponentially expand in order to allow multiple endorsements and mutual recursion, providing the community with a precise insight of who is endorsing who and for how much. This valuable data will serve for InsurePal to generate Social Proof Trustscore, a factor that will calculate a real-time average value directly reflecting who is trustworthy to make blockchain-made agreements with."

You can also check the patent here http://www.freepatentsonline.com/y2017/0243298.html.

[matjazsircelj]

Heads up from our Telegram community:

We are already 500 members strong! Join the conversation https://t.me/InsurePal.

[Chevy_REP]

"Typically, even the most responsible customers could end up paying for higher premiums in order to subsidize the risk of insurers for other policyholders that make more claims. InsurePal believes this dynamic, which some might even call “unfair,” can be fixed with its new system."

https://www.insurancebusinessmag.com/us/news/technology/blockchainbased-platform-hopes-to-revolutionize-premium-pricing-87013.aspx

InsurePal is in many media, i like that

Great. As long as we are going to lower our insurance costs alredy fine with me.

[GT-RR]

Heads up from our Telegram community:

We are already 500 members strong! Join the conversation https://t.me/InsurePal.

Community growing day by day.. nice work

[geoneojapan]

Insurepal have some great media coverage

Crowdfunding bid to cut car cover for millennials

https://www.thetimes.co.uk/article/crowdfunding-bid-to-cut-car-cover-for-millennials-pc6ncm8vx


and

Blockchain-based platform hopes to revolutionize premium pricing

https://www.insurancebusinessmag.com/us/news/technology/blockchainbased-platform-hopes-to-revolutionize-premium-pricing-87013.aspx

[Alexbt]

INSUREPAL PROVIDING INSURANCE FOR BLOCKCHAIN BUSINESS TRANSACTIONS, ANNOUNCES COLLABORATION WITH MATTEREUM

InsurePal helps boost blockchain business transactions through self-regulating social proof insurance, and this ecosystem is strengthened by the platform’s collaboration with Mattereum, a legal platform for property management and arbitration.
http://bitcoinist.com/insurepal-providing-insurance-for-blockchain-business-transactions-announces-collaboration-with-mattereum/

[xiao2017]

could you tell me top5 why to invest in insurepal?

not just rise and ROI - pump price exchanges lambo and so on....

#facts from insurance&blockchain&technology field

[ole1]

hey I am new in this and I wonder if that is 100% safe like an old way of insurance?

[xapwxrm5742]

hey I am new in this and I wonder if that is 100% safe like an old way of insurance?

the project looks so safe that they had been set the team member out.
and I think the concept was pretty good to invest.

[ole1]

hey I am new in this and I wonder if that is 100% safe like an old way of insurance?

the project looks so safe that they had been set the team member out.
and I think the concept was pretty good to invest.

thanks for answer I will check their website

[matjazsircelj]

could you tell me top5 why to invest in insurepal?

not just rise and ROI - pump price exchanges lambo and so on....

#facts from insurance&blockchain&technology field

1. The founders are in insurance business with proven track record for over 15 years.

2. The team is assembled from excellent blochchain experts and advisors. https://insurepal.io/team

3. This is the first time we have successfully reinvented the social proof for insurance industry. Social proof is an innovation in insurance for which we filed a patent protection in US and worldwide. http://www.freepatentsonline.com/y2017/0243298.html

4. Proof of concept on GitHub. https://github.com/InsurePal

5. Partnership and support from Mattereum and Vinay Gupta https://medium.com/insurepal-blog/mattereum-and-insurepal-sign-letter-of-intent-to-collaborate-on-effective-mass-use-of-blockchain-1eda70b2fd97

And we have an amazing support from the community, on our social channels, Telegram... https://t.me/InsurePal

[matjazsircelj]

hey I am new in this and I wonder if that is 100% safe like an old way of insurance?

Nothing is 100% safe in life, my friend That goes for the old way of insurance and it will go for any kind of insurance, tech or business in the future. Your responsibility, if you wish to invest anywhere, is to check the project, team, founders, members, patent, roadmap... And check the posts about facts here.

Here is our website https://insurepal.io/, please read the whitepaper https://insurepal.io/InsurePal_whitepaper.pdf and join our Telegram community https://t.me/InsurePal.

[PatelKartel]

Check it out: https://medium.com/insurepal-blog/the-secret-behind-insurepal-s-disruptive-model-2be1eb18d008

over 28 MIL people remain uninsured in the US; $386 could a person save just with car insurance /year

[GT-RR]

Was checking ICObench and found.. for now 4.1 score. Pretty nice I would say. You are on Reddit too ? (A lot of people are on reddit)  Right ICObench link: https://icobench.com/ico/insurepal

[matjazsircelj]

Was checking ICObench and found.. for now 4.1 score. Pretty nice I would say. You are on Reddit too ? (A lot of people are on reddit)  Right ICObench link: https://icobench.com/ico/insurepal

Hey, thanks!
Yes, we just started Reddit, too https://www.reddit.com/r/InsurePal/, so welcome.

[rhamzter]

Seems like a very interesting project, I've read the whitepaper and I'm truly a fan of your vision, I've encountered a project similar to this in the past but it turned out to be a scam so when it comes to projects that deal with insurance I'm quite nervous to take risks, but with this one I'm quite convinced to take part of this project. Knowing that this project has been around for three years, that's quite a good sign that you mean business here. I also do like the fact that you have this social proof feature, that's very unique and very new to the insurance industry and if you think about it, this approach could really be beneficial to a lot of users. It's really nice that this project is based on trust, it's a huge part of our everyday lives, with this project you can help your friends and through your help they can gain benefits as well, which is a win-win situation and can also bring people closer together. It's also a huge plus that endorsers will only get charged in case the person will file a fault claim so if they ended up not filing a fault claim then you can get tokens that's worth $100 for free so as an endorser and that's a huge benefit. Anyway I just have something to ask, what if the endorser decided to withdraw his/her endorsement is that possible? And is there a maximum number of endorsers a person can get?.

Hi. If endorser decides to withdraw, benefits are lost, of course, and in addition there might be penalty, as in case of claim. Maximum number of endorsers are limited to five.

Oh okay so who will be given the penalty? The endorser? The person whom the endorser endorse or both? And how much will be the penalty if ever something like that occurs?. That's great that you have set maximum limits, 5 is quite a good number and enough to help someone save a huge amount of money on his insurance anyway I'm quite not good with math so I just want to ask how much percent can a person save if ever he'll have 5 endorsers?. I'm also curious about this  is there a maximum number of years a person can be an endorser for someone? And when will you go global with this project? I really think that this project can help people from all around the world save a lot of money on their insurance, I'm sure once this project will go global then it will be a total hit! A lot of people are having problems with their insurance nowadays and could really use the social proof feature to save some money.

Penalty will be agreed and part of smart contracts. But essentially both lose their money in contract is breached. More on platform here https://insurepal.io/platform.
There are no maximum number of years specified, it will depend on the insurance package... We'll have a car insurance pilot in 2018. https://insurepal.io/roadmap.
And yes, being a global actor is the goal.

Oh after reading the other platform of this project. It makes me quite impress because of the positive vision of this project. Its a indication that this project helps people to secure and ensure their future. Its has an aimable goal that I think can be granted soon if the supporter will continue to endorse this project.

I agree this project have a good and impressive vision, I'm pretty sure that investors can't regret if they were invested in this insurance company. Otherwise It looks founder of this project were provide a fresh idea on how they can easily encourage people to have an insurance for their future.

[ole1]

what do I need to get the insurance in InsurePal?

[FoxSilver]

what do I need to get the insurance in InsurePal?

If you want to invest you need ETH, and then you participate in crowdsale and get tokens

For the team: Will there be any special instructions for newbies?