📢 [ANN]Black Insurance digital insurance company on the blockchain

[gxmonitor]

Nice article , please do read : How Blockchain Can Save You Money on Insurance

https://medium.com/how-blockchain-can-save-you-money-on-insurance/how-blockchain-can-save-you-money-on-insurance-c6184dc4bea0

[1575994245]

1575994245

[1575994245]

1575994245

[1575994245]

1575994245

[chunt]

The insurance industry is one of the few examples, in which the blockchain can produce a significant impact. In the insurance business, it is clear that traditional insurers are a centralized source of delays and inefficiencies.

Blockchain technology allows replacing these insurers with efficient automated processes, reducing administrative overhead and time to market. https://medium.com/@jilliangodsil/blockchain-based-insurance-disrupting-an-industry-372171266e55

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

[gxmonitor]

Nice read on "How Blockchain-based Insurance is Disrupting an Industry"

https://medium.com/@jilliangodsil/blockchain-based-insurance-disrupting-an-industry-372171266e55

[Carina.P]

The insurance industry is one of the few examples, in which the blockchain can produce a significant impact. In the insurance business, it is clear that traditional insurers are a centralized source of delays and inefficiencies.

Blockchain technology allows replacing these insurers with efficient automated processes, reducing administrative overhead and time to market. https://medium.com/@jilliangodsil/blockchain-based-insurance-disrupting-an-industry-372171266e55

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

Block chain has the largest contribution to the insurance industry and the financial sector. So this is a good way to get into the direction of development.

[gxmonitor]

The insurance industry is one of the few examples, in which the blockchain can produce a significant impact. In the insurance business, it is clear that traditional insurers are a centralized source of delays and inefficiencies.

Blockchain technology allows replacing these insurers with efficient automated processes, reducing administrative overhead and time to market. https://medium.com/@jilliangodsil/blockchain-based-insurance-disrupting-an-industry-372171266e55

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

Block chain has the largest contribution to the insurance industry and the financial sector. So this is a good way to get into the direction of development.

Yes. The insurance industry could reduce costs by an estimated 30 per cent using blockchain technology. Blockchain can bring new revolution in Insurance industry.

[chunt]

Great idea

Hi Chief4444, thanks for your kind words and support! 

please feel free to register now to enjoy 25% bonus!
https://www.black.insure/presale/

[chunt]

good project

Hi Amrahmed! Thank you for your support! 

Black Insurance makes use of several unique properties the Blockchain has to offer.

Cutting out Trusted Third Parties

Transparency

Automation

https://medium.com/blackinsurance/the-advantages-of-blockchain-based-insurance-products-ffb6229eaa94

To learn more about Black Insurance, please visit http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

[gxmonitor]

Black Insurance will use two types of tokens:

Black Platform Token (BLCK). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.

Black Syndicate Tokens (BST) which is a security token. BST will be issued when the platform is ready.BST’s can be purchased and owned by verified Accredited Investors. BST’s can be purchased by investing in a Syndicate (Primary Market), or by trading with other BST Investors on the Private Platform and on Public Ethereum (Secondary Market).

[chunt]

This is the future of insurance: lower rates, better service, personalized counsel. Here are three ways embracing technology can significantly improve business prospects and meet the demands of insurance consumers in the digital age.

-Developing a customer-first strategy

-Using the right tools in the right ways

-Optimizing business models

https://www.insurancebusinessmag.com/us/business-strategy/how-to-survive-the-shift-toward-digital-insurance-distribution-102908.aspx

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

[gxmonitor]

Black Insurance makes use of several unique properties the Blockchain has to offer.

Cutting out Trusted Third Parties 🙅

Transparency 💯

Automation 👍

https://medium.com/blackinsurance/the-advantages-of-blockchain-based-insurance-products-ffb6229eaa94

[chunt]

When an event requires an exchange of information, most insurers strive to share the least amount possible, in many cases using manual, paper-based processes. This is insurers’ way of making sure that there are no sensitive leaks, and it reflects the fear that digital exchanges of data may not be secure. But what if there were a technology that changed this? Blockchain technology! https://www.bcg.com/publications/2018/first-all-blockchain-insurer.aspx

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

[gxmonitor]

Friends, please check our new article on "Smart Contract-based Insurance Policies ".

https://medium.com/blackinsurance/smart-contract-based-insurance-policies-in-praxis-f7d523449556

[chunt]

https://www.generali.com/info/discovering-generali/all/2018/Blockchain-revolution

How can Blockchain be used and implemented in the insurance industry?

Due to the security, transparency, and decentralisation of the information managed, Blockchain opens disruptive scenarios in various insurance areas:1. Risk data would be available to all players  2. In developing retail products3. Efficient process of identifying customers ("know your customer" - KYC) 4. Fraud prevention5. With the use of DLT, the claim could be submitted without customer intervention via smart devices, the verification of the insured party, the validity of the coverage, and the completeness of the accident data would be automatic.

Learn more about Black Insurance: www.black.insure

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w

[gxmonitor]

Blockchain is everywhere...

AXA SIGNED AN MOU WITH ZIKTO TO DEVELOP BLOCKCHAIN-BASED CUSTOMIZED INSURANCE PRODUCTS.
https://www.linkedin.com/pulse/axa-signed-mou-zikto-develop-blockchain-based-gilles-fromageot/

[chunt]

The potentials of Blockchain technology for the insurance industry is remarkable !

"...an interesting concept of smart contract-based insurances; namely, the ability to automate insurance procedures by interfacing with external systems."
https://medium.com/blackinsurance/smart-contract-based-insurance-policies-in-praxis-f7d523449556

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

[gxmonitor]

Black is currently the one of the very few blockchain / insurance startups actively pursuing the marketplace strategy, and the only one that will enable launching any type of insurance products. 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.
😊

[godblessyou12]

The ‘Insureum Protocol’ is a blockchain-based platform that connects  insurers and policyholders. Through this platform, customized products  can be developed by collecting customers’ life cycle data such as the  amount of physical activity, hobby and the type of devices the customers  use.  https://www.linkedin.com/pulse/axa-signed-mou-zikto-develop-blockchain-based-gilles-fromageot

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w

[chunt]

The business is very good and if you actually thrive in realizing your ideas, then I suppose it will be interesting!

Thanks for your support Chapman!

Black connects insurance entrepreneurs with innovative ideas to the capital they seek.

An example:

An insurance startup “CryptInsure” has recognised the need for insuring crypto wallets hosted by third parties. They list their product on the Black platform after it has been approved by the Black experts. A syndicate focus   ing on crypto products recognises the product and decides to invest. CryptInsure gets the needed funding and starts to distribute the product to customers. All done in 2 months.

To learn more about Black: http://www.black.insure/

Black Insurance Introduction Video: https://www.youtube.com/watch?v=xf8VKYGEB3w   

[gxmonitor]

Black connects insurance entrepreneurs with innovative ideas to the capital they seek.

An example:

An insurance startup “CryptInsure” has recognised the need for insuring crypto wallets hosted by third parties. They list their product on the Black platform after it has been approved by the Black experts. A syndicate focus   ing on crypto products recognises the product and decides to invest. CryptInsure gets the needed funding and starts to distribute the product to customers. All done in 2 months.

[chunt]

 
Historic insurance market faces challenge from overseas rivals and digital disrupters
https://www.ft.com/content/23e1c812-6e45-11e8-852d-d8b934ff5ffa

To find out more about Black Insurance, please visit https://www.black.insure/

Please check out our introduction video too! https://www.youtube.com/watch?v=xf8VKYGEB3w