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Author Topic: 📢 [ANN]Black Insurance digital insurance company on the blockchain  (Read 7777 times)
Stanford
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April 26, 2018, 09:43:11 AM
 #161

Sounds good so far but I have a few questions?
1. What will be the use of the tokens exactly?
2 who are your competitors in the cryptoshpere?
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nobo6220
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April 26, 2018, 10:18:46 AM
 #162

this is best project
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April 26, 2018, 10:22:57 AM
 #163

Good Project
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April 26, 2018, 10:36:40 AM
 #164

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.
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April 26, 2018, 10:43:27 AM
 #165

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!
dengerous
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April 26, 2018, 10:47:48 AM
 #166

Interesting project! I wish you all good luck and profit!
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April 26, 2018, 10:48:58 AM
 #167

great job
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April 26, 2018, 11:23:34 AM
 #168

like
Stanford
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April 26, 2018, 11:28:34 AM
 #169

You can register for our bounty campaign on telegram @blackinsurebot
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April 26, 2018, 11:48:35 AM
 #170

I looked at the white paper, information about the team. Everything is well decorated. It is enough in detail. I think that the project will certainly win its place.
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April 26, 2018, 12:29:05 PM
 #171

Indeed this project looks interesting Roll Eyes
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April 26, 2018, 12:34:26 PM
 #172

The combination of block chain and insurance business is a very good idea, but we need further observation to truly achieve common growth.
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April 26, 2018, 12:51:29 PM
 #173

Thank you very much. Wish you all the best.
Stanford
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April 26, 2018, 01:56:46 PM
 #174

Stanford
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April 26, 2018, 03:01:46 PM
 #175

Just one month of bounty campaign. Don't lose your chance to get free tokens.
harikishan2015
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April 26, 2018, 03:19:00 PM
 #176

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.
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April 26, 2018, 03:34:58 PM
 #177

Good job
inaglem
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April 26, 2018, 04:08:14 PM
 #178

I am also interested in it im vote this project thanx
Amazing ideas that will bring more way to make life easier and useful to help people in the future.
Your telegram link on the bot has some issues. Bot is telling that there is no chat. Please correct it
Stanford
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April 26, 2018, 04:12:27 PM
 #179

I am also interested in it im vote this project thanx
Amazing ideas that will bring more way to make life easier and useful to help people in the future.
Your telegram link on the bot has some issues. Bot is telling that there is no chat. Please correct it
Hi. Register here @blackinsurebot
Mohamed1Chaouch
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April 26, 2018, 04:50:44 PM
 #180

good
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