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

[icosiren]

Black Insurance is rated well on https://icosiren.com/ico/black-insurance/

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[gxmonitor]

I like this project. It seems great but how can I join it?

Black Insurance is rated well on https://icosiren.com/ico/black-insurance/

I hope this project will be successful. Very nice website, mindful job, flawless plan.

Thank you guys. Keep supporting our project.

[godblessyou12]

I hope this project will be successful. Very nice website, mindful job, flawless plan.

thank you for believing us and keep supporting black Insurance

[godblessyou12]

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

[chunt]

Black Insurance noted as one of the 5 ICO projects you should pay attention to in the coming months. 

https://medium.com/@Journalancer/five-upcoming-icos-you-should-pay-attention-to-c2e803ce0ec8

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

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

[darsiderin]

Their idea is quite attractive in my mind! Interesting results, excellence results.  Good luck all.

The project is interesting, but I'm not sure that it will be fully implemented. In the insurance industry there are always many difficulties. But if you succeed, it will be wonderful.

[gxmonitor]

Their idea is quite attractive in my mind! Interesting results, excellence results.  Good luck all.

The project is interesting, but I'm not sure that it will be fully implemented. In the insurance industry there are always many difficulties. But if you succeed, it will be wonderful.

We have very strong team behind our project. We are confident that this project will be fully implemented as per roadmap. Please keep in touch for latest updates.

[drwoo]

Hi Drwoo!

Thanks for joining us!

Black will be a licensed insurance company that provides insurance capacity to Agents, Brokers and MGAs enabling them to launch their own virtual insurance companies.

Insurance business will be generated by local MGAs / Brokers / Agents whose responsibility is designing insurance products for a market, pricing and selling the product and organizing claims handling.

Delegating business to local agents makes the Black business model scalable while bringing business decisions closer to end customers.

Couldn't it also be an option that any individual can come up with an insurance product and offer it via your platform?

Hi Drwoo, due to legal and technical requirements, currently we will offer the platform for Agents, Brokers and MGAs to launch their insurance startup.

We connect the idea to the capital directly, replacing the parties that are not needed in the value chain with  technology.  We  will  do  this  through  crowdfunding,  also  giving  smaller  investors  a  way  in.  This  leaner  model  gives  more  responsibilities  to  insurance  brokers  and  control  over  the  products  they 
are selling. Insurers as we know them today are simply a trusted third party - blockchain gives us an alternative to that and the need for insurers disappears.

I understand. I just thought it might be very interesting if individuals could offer insurance for very specific things they personally know or experienced.

Hi Drwoo, I agree! Democratising insurance further will only benefit us all 

When the legal and technical requirements change, we will be happy to explore these opportunities.

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To begin our review of the “Insurance Economy” supported by Black Insurance, we would like to illustrate the high-level, value exchanges that are happening between participants. https://medium.com/blackinsurance/the-black-platform-value-exchange-overview-and-transaction-scenarios-ea850633f469

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

Awesome, already a fan of this project and will surely follow all the updates that are going to come down the road.

[godblessyou12]

Good project! I will follow the first development of this project and hopefully, in the future, I can contribute to its projects.

thanks for joining us, jackjacjmomy!
We are excited about this project too!

Please feel free to join us on:
Website: http://www.black.insure/
Twitter: https://twitter.com/BlackInsure
Facebook: https://www.facebook.com/blackinsure/
Telegram: https://t.me/BlackInsurance
Linkedin: https://www.linkedin.com/company/black-insurance/

[chunt]

Hi Drwoo!

Thanks for joining us!

Black will be a licensed insurance company that provides insurance capacity to Agents, Brokers and MGAs enabling them to launch their own virtual insurance companies.

Insurance business will be generated by local MGAs / Brokers / Agents whose responsibility is designing insurance products for a market, pricing and selling the product and organizing claims handling.

Delegating business to local agents makes the Black business model scalable while bringing business decisions closer to end customers.

Couldn't it also be an option that any individual can come up with an insurance product and offer it via your platform?

Hi Drwoo, due to legal and technical requirements, currently we will offer the platform for Agents, Brokers and MGAs to launch their insurance startup.

We connect the idea to the capital directly, replacing the parties that are not needed in the value chain with  technology.  We  will  do  this  through  crowdfunding,  also  giving  smaller  investors  a  way  in.  This  leaner  model  gives  more  responsibilities  to  insurance  brokers  and  control  over  the  products  they 
are selling. Insurers as we know them today are simply a trusted third party - blockchain gives us an alternative to that and the need for insurers disappears.

I understand. I just thought it might be very interesting if individuals could offer insurance for very specific things they personally know or experienced.

Hi Drwoo, I agree! Democratising insurance further will only benefit us all 

When the legal and technical requirements change, we will be happy to explore these opportunities.

======

To begin our review of the “Insurance Economy” supported by Black Insurance, we would like to illustrate the high-level, value exchanges that are happening between participants. https://medium.com/blackinsurance/the-black-platform-value-exchange-overview-and-transaction-scenarios-ea850633f469

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

Awesome, already a fan of this project and will surely follow all the updates that are going to come down the road.

Perfect, the team is working hard to develop the project and launch the ICO, stay tuned! 

[chunt]

Blockchain beyond the hype: What is the strategic business value? How can companies determine if there is strategic value in blockchain that justifies major investments?

https://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/blockchain-beyond-the-hype-what-is-the-strategic-business-value

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

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

[gxmonitor]

BlackInsurance noted as one of the 5 ICO projects you should pay attention to in the coming months.

Read more: https://medium.com/@Journalancer/five-upcoming-icos-you-should-pay-attention-to-c2e803ce0ec8

[godblessyou12]

We have previously talked about implementing insurance products using smart contracts and how insurance-related assets can be represented on the blockchain. In this article, we look at the reason behind the selection of the Black Insurance technology stack, using it as an example for blockchain-based enterprise applications. 

https://medium.com/blackinsurance/selecting-a-technology-stack-for-enterprise-blockchain-applications-cfefa329326d

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

[chunt]

How can Black Insurance provide both, transparency of the insurance industry, and privacy for policyholders?

The answer is using two blockchains, a permissioned blockchain and the public Ethereum blockchain. Brokers, investors and insurers interact in private transaction on a Hyperledger Fabric-based blockchain. This private chain which is interfaced with the public Ethereum blockchain. https://medium.com/blackinsurance/dealing-with-privacy-in-smart-contract-based-insurances-4087319f9b48

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 : "Meet BlackInsure, digital insurance company on the blockchain"

http://www.digitalinsuranceagenda.com/202/black-insurance-digital-insurance-company-on-the-blockchain/

[drwoo]

Nice Read : "Meet BlackInsure, digital insurance company on the blockchain"

http://www.digitalinsuranceagenda.com/202/black-insurance-digital-insurance-company-on-the-blockchain/

They have had some good public exposure and if they execute everything according to their plan, man, this could be a good one!

[chunt]

The future is bright with Black Insurance, thanks for your support Drwoo! 


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"Innovation takes place on an international level". Take a closer look on 5 insurtech battles:   

http://www.digitalinsuranceagenda.com/191/the-five-insurtech-battles/

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

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

[Somz1]

How would you work with local banks and other sectors of a country to allow a person with you're tokens to claim insurance? Regardless of anything else the local sectors will need cash to transfer or be transferred, so how does it work?

[gxmonitor]

How would you work with local banks and other sectors of a country to allow a person with you're tokens to claim insurance? Regardless of anything else the local sectors will need cash to transfer or be transferred, so how does it work?

The brokers that operate on the black platform, are transacting in fiat currencies with their customers. There are three reasons for that
1) insured assets are valued in fiat, so insurance must also be transacted in fiat. If ETH goes down 30%, your car repairs would still cost the same, thus if you want your insurance compensation in fiat, the premiums must be nominated in fiat as well.
2) cryptos are still not widely adopted. Many people can't buy insurance if they can only pay in crypto; since we aim to become very big, we need to include everyone.
3) Regulation around charging premiums in cryptos is tricky at this point. Once the premium is received by the broker, the broker converts it into BLCK tokens and so on.

[gxmonitor]

I have tested all the points of your business and everything is truly very useful!

We really appreciate your views, please keep supporting our project.