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

[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?

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[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.

[chunt]

Meet the Black Insurance broker: Chance Sowers, Metzger Insurance     

“After doing some research, I have come to very high expectations for Black."   

Meet a Black broker: Chance Sowers, Metzger Insurance

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

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


  www.youtube.com/watch?v=mrv2H2pI5XY

  www.youtube.com/watch?v=d6V0T-Smzb0&t=42s

Thank you Max Cryptomaniac and Bridgetown Channel for your reviews on Black Insurance! Please feel free to check them out! To learn more about Black: http://www.black.insure/

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



[moderator's note: consecutive posts merged]

[gxmonitor]

Meet the BlackInsure investor: Chance Sowers, Metzger Insurance - “After doing some #research, I have come to very high expectations for Black."

https://medium.com/blackinsurance/meet-the-black-investor-chance-sowers-metzger-insurance-96fb208d5661

[chunt]

...the RiskBlock Alliance, whose members include such insurance heavyweights as Chubb, Marsh and Liberty Mutual, has decided to build its first set of use cases using R3's Corda platform.
https://www.coindesk.com/all-big-insurers-are-uniting-behind-r3s-blockchain-tech/



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

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


 
Black Insurance platform provides a complete ecosystem for the insurance industry stakeholders and end-users via smart contracts and digital tokenized assets. Read more to learn how it actually works   
https://medium.com/blackinsurance/launching-a-blockchain-based-insurance-product-f4e7d05070ef


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

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

[moderator's note: consecutive posts merged]

[gxmonitor]

How cryptocurrencies are regulated in Eastern Europe? Check Guide from Russia to Macedonia.

https://cointelegraph.com/news/from-russia-to-macedonia-how-cryptocurrencies-are-regulated-in-eastern-europe

[chunt]

Hello Tim_Beta, Babveltrennorth, spyaquino, guinamaia, Timonpadi, Aleksandrasiv,

Thank you for your support! 

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Meet Triinu, Black Insurance Marketing Manager.

"there is a strong need for a change in insurance industry and it is  already changing. It is a good time for BLACK to be part of it and make  it happen. " https://medium.com/blackinsurance/meet-triinu-marketing-manager-of-black-ee6364d5c51b

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

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




"A South African insurer Discovery demonstrates incredible innovations in human insurance. Over the last 20 years, the insurer has introduced new ways to improve policyholders’ lives using connected fitness devices to track healthy behaviors, generate discounts, and deliver incentives for activities supporting wellness and even healthy food purchases. ...I’m convinced that insurance companies will still be relevant in the future, or will become even more relevant than they are now, but these companies will have to be insurtechs, or players who use technology as the main enablers for reaching their own strategic objectives."

https://www.linkedin.com/pulse/insurers-still-relevant-future-even-more-than-matteo-carbone/?lipi=urn%3Ali%3Apage%3Ad_flagship3_profile_view_base_post_details%3Byor7oiYPSNeNH4CcPWCwWQ%3D%3D


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

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


Black Insurance Platform broker sign-up has been open for less than 2 weeks now and we have already 31 brokers signed up across the world with current gross written premiums reaching 150 million USD per year. 

Watch this video to learn more: https://www.youtube.com/watch?time_continue=82&v=bC_V1vyRoso

https://medium.com/blackinsurance/brokers-signing-up-across-the-world-with-current-gwp-reaching-150-million-usd-per-year-4df96f34417d

[moderator's note: consecutive posts merged]

[gxmonitor]

Blockchain-based Black Insurance attracts investment from Fineqia. Investment firm Fineqia International is taking an equity stake in Estonia-based Black Insurance, a digital insurance startup based on the blockchain.

https://www.intelligentinsurer.com/news/blockchain-based-black-insurance-attracts-investment-from-fineqia-15793

[chunt]

Blockchain beyond the hype: what is the strategic business value?   

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


“We are excited to back Black, which allows for a wide variety of investors to participate in a high-quality insurance finance product,” said Fineqia’s CEO Bundeep Singh Rangar, who also helped found Black. “Black represents everything we want from issuers on our platform: innovation, disruption and ambition. We believe that insurance is one sector ripe for blockchain disruption and Black Insurance has the right team experience to make this happen.” 

How blockchain will help brokers bypass traditional insurers?https://www.canadianunderwriter.ca/insurance/how-blockchain-will-help-brokers-bypass-traditional-insurers-1004134470/

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

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


Black Insurance has chosen Hyperledger Fabric for its permissioned part of the platform, because of its modularity, tool support, and maturity. Nevertheless, the system also interfaces with the public Ethereum chain. This hybrid approach combines the advantages of both worlds and may become a role model for future interoperable multi-blockchain solutions. 

A comparison of enterprise blockchain platforms —  deeper look at the technical requirements for enterprise applications and the platforms available.   https://medium.com/blackinsurance/enterprise-blockchain-platforms-a-comparison-d58f1227ce70

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

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

[moderator's note: consecutive posts merged]

[gxmonitor]

Black Insurance Platform broker sign-up has been open for less than 2 weeks now and we have already 31 brokers signed up across the world with current gross written premiums reaching 150 million USD per year. 

https://medium.com/blackinsurance/brokers-signing-up-across-the-world-with-current-gwp-reaching-150-million-usd-per-year-4df96f34417d

[chunt]

See the show & tell of Black Insurance at Digital Insurance Agenda Amsterdam 2018 

http://www.digitalinsuranceagenda.com/pagina-dia-tv.php?keyword=black


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

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


Black platform prototype is launched and live on our website. Go and check it out yourself, log in as a broker or investor:  http://www.black.insure/prototype/

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

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


Hi  Katysgysa, thank you for your support!

Black Insurance ICO will start in October 2018, please feel free to register now to enjoy 25% bonus!
https://www.black.insure/presale/


Hi Coupkoriktors, thank you for your kind words and support!

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According to industry insiders, there’s a hot new business that more and more firms are looking to get into: crypto insurance. 

“Insurance for cryptocurrency storage will be a big opportunity,” said Christian Weishuber, a spokesman for Allianz 

https://www.insurancejournal.com/news/national/2018/07/23/495680.htm

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

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


“Indeed, when we speak about ‘cutting out the middleman,’ the automatic  assumption is that the middleman who should be cut out is the broker.  But we are thinking that it’s possible to cut out the insurers from  between brokers and capital. That’s the larger fundamental premise  behind our business model.” 

https://www.canadianunderwriter.ca/insurance/canadian-brokers-can-cut-middleman-insurers-1004134630/?utm_source=dlvr.it&utm_medium=twitter

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

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


Hi preicoved, thank you for listing us on your channel 

Black Insurance ICO will start in October 2018, users may register now to enjoy 25% bonus!
https://www.black.insure/presale/


Hello zis700, thank you for your interest!

We indeed have plenty of blockchain / insurance related companies on our radar.

We are 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

-Carriers are product companies (above) that don't partner with an existing insurer, and attempt to become a licensed insurer themselves

-Marketplaces (Black) enable creation, capitalisation and distribution of insurance products by platform members, that can include other insurers, brokers, agents and all insurance industry members. We don’t create the products, they do it. This strategy also requires an insurance license, and much more.


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.


 




Woot! Black Insurance won the first place in  InsurTech Cashwalk promising start-ups!

https://www.insurtech-munich.com/the-1st-insurtech-cashwalk-top-notch-start-ups-put-to-the-test-by-international-investors/

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

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


Meet us! Black Insurance upcoming events:

28 August, 2018: Blockchain Summit Singapore http://blockchainsummitsingapore.com/

10 - 12 September, 2018 : Insurtech Rising Europe  in London https://finance.knect365.com/insurtech/speakers/risto-rossar

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

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


Black Insurance is an example of radical innovation. The platform challenges the organization of the insurance ecosystem in a number of ways.

https://medium.com/blackinsurance/blockchain-based-insurance-on-the-way-to-radical-innovation-46f3fa8206d2

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

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




Meet Risto, the founder of Black Insurance.

"All the building blocks needed to build Black exist today. Our role is to put them into right place and connect the brokers with the capital directly."

https://medium.com/blackinsurance/meet-risto-the-founder-of-black-insurance-d87945ecfc7b

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

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




Why Digital Insurance Agenda Amsterdam selected Black Insurance?

Black is the first company to bring the entire insurance value chain to the blockchain, and give insurance entrepreneurs the ability to innovate with product offerings, and investors to take part in that.

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

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

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


How does Black build an insurance platform from scratch. What are the components required? How do they interact? 

https://medium.com/blackinsurance/the-black-insurance-architecture-how-to-design-a-smart-contract-insurance-platform-1ec3e4353c7a



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

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


In essence, Black Insurance  is not a decentralized platform, ...it is a real insurance company offering partnerships to entrepreneurs  around the world. 

https://steemit.com/ico/@bakso.super/black-insurance-blockbuster-insurance-in-its-best-traditions



Black Insurance ICO will start in October 2018, please feel free to register now to enjoy 25% bonus! https://tokensale.black.insure/register

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


Come and meet Liina Laas, Chief Business Development Officer of Black Insurance at Blockchain Summit in Singapore on August 28!

http://www.blockchainsummitsingapore.com/component/speventum/speaker/221-mart-parve.html


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


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


We are pleased to inform that Black Insurance has been voted one of the Best 100 Insurtechs in EMEA region by KleinBlue. 

https://medium.com/blackinsurance/black-insurance-voted-as-100-best-insurtechs-in-emea-region-a157fc1785f2

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

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

[moderator's note: consecutive posts merged]

[yudi09]

there are lots of updates made by the team and there is not much response from the community. the team should build a community for this project so that this project becomes more alive.

[chunt]

Hi yudi09, thanks for reaching out! 

Thanks for your suggestions, we are working hard to build up our community. Please feel free to join us on Telegram too https://t.me/BlackInsurance

Thanks for supporting Black Insurance!

[btcyoda]

Woot! Black Insurance won the first place in  InsurTech Cashwalk promising start-ups!

https://www.insurtech-munich.com/the-1st-insurtech-cashwalk-top-notch-start-ups-put-to-the-test-by-international-investors/

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

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

What are the major currencies you are supporting for the payments and what are the specific countries you are targeting in the beginning because now there are many countries involving in cryptocurrency and paying insurances and how far your project is helpful to the community?

[chunt]

Hi  btcyoda, thank you for your interest!

For now we are planning to accept BTC and ETH as payments.

While we will have our own insurance license only in Europe, to start with, we can do business in other regions by using a "fronting insurer" (basically a local insurer lends its license for a fee that's usually 3-5%), or through Lloyds of London license.

We have a roadmap for applying for an insurance license just in Europe (EEA), currently. Becoming a licensed insurer is unfortunately a costly and time consuming exercise, but we have great advisors and everything is in place.

This means that in 2019, we and our users are only eligible to write insurance policies in EEA. However, a portion of the future business users (we have a network of dozens insurance brokers and other parties) already have the necessary licenses, and they can start issuing policies in other countries right after the platform is live.

Down the road, we intend to apply for licenses at other markets as well, with current plans to start expansion with the US.



Talking Cryptocurrency interviewed Liina Laas, Chief Business Development Officer of Black Insurance!

Listen on https://twitter.com/talkcryptoshow/status/1030832595309756417

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

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




Let's look deeper into the Black Insurance token economy models and the design considerations.

https://medium.com/blackinsurance/designing-a-token-economy-model-for-the-insurance-industry-e1e93c975ea



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

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


Black Insurance, a digital insurance company on blockchain, is opening  historically centralized insurance market for crowdfunding. Crowdfunded  capital gives retail-investors first-of-a-kind investment opportunities  to invest in stable insurance portfolios with long-term financial  profits that so far have been shared among insurance companies and  re-insurers. The tokenized process allows cryptocurrency market to  participate as well. 

https://medium.com/blackinsurance/black-insurance-is-revolutionizing-investments-in-insurance-industry-through-tokenized-crowdfunding-746ae10d18a5

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

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



[moderator's note: consecutive posts merged]

[gxmonitor]

Meet the team — Q&A with Peep Paum, ICO advisor and product developer at BlackInsure .
Read the full story: http://ow.ly/SAsH30lwQIV

[Faker SKTelecom]

Tried to find your cotnact e-mail but I couldn't succeed. Can you help me please? I have an offer for you guys.

[martparve]

Please send all offers to info@black.insure, each and every one will be processed, and if there's appetite, we'll come back to you.

Tried to find your cotnact e-mail but I couldn't succeed. Can you help me please? I have an offer for you guys.

interesting explanation from your team, How is the development of your token sales now? maybe it's as a reference for me or others to be involved in this platform.

The tokensale platform is open for whitelisting and KYC: https://tokensale.black.insure and the presale will commence on Oct 1.

There're already about 800 singups, a number we expect to increase to ~10 000.

The insurance industry is very big, but also somewhat obscure, so it will not turn out to be a massive pump and dump, but a large share of current signups are with insurance background themselves, looking to be a part of a longer success story we're building in this 4 trillion dollar industry.

Woot! Black Insurance won the first place in  InsurTech Cashwalk promising start-ups!

https://www.insurtech-munich.com/the-1st-insurtech-cashwalk-top-notch-start-ups-put-to-the-test-by-international-investors/

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

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

What are the major currencies you are supporting for the payments and what are the specific countries you are targeting in the beginning because now there are many countries involving in cryptocurrency and paying insurances and how far your project is helpful to the community?

Thanks. Now there are a couple of separate questions here, addressing one by one:

1) Black is a crowdsourcing platform that enables brokers to come up with their own insurance schemes, and fund the schemes by selling "shares" to crypto investors. We already have close to 60 brokers, doing $350M sales annually who want to work with us. These brokers continue to transact with their existing customers, using whichever currency the customers prefer. Once the brokers have received the insurance payments (premiums), they convert it to BLCK tokens and bring to the platform.

The advantages of this approach are twofold: first, we don't have to worry about sales - the brokers already come with the customers, and second, the customers will not have to start using cryptocurrencies and this way we have a far larger target market.

2) We are targeting the European Union market first, since the insurance regulation is the most relaxed here.

3) In terms of helping the communities. First, Black will start issuing "insurance backed security tokens" in the future. This is an absolutely new crypto asset class, and we will pave the way for others to come and create their own crypto-based ETF-s and other crypto securities investment schemes. Second, since insurance industry has been real lazy to cover risks in emerging markets (mainly Africa), Black could potentially help a lot of farmers, artisans and others who currently suffer great losses since no access to insurance.

How do I understand the platform isn't ready yet, for the general access? Your features which other projects didn't have are interesting?

Right, the platform is not yet operational.

However, we have:
- a demo: https://www.black.insure/prototype/
- a proof-of-concept solution Rainy Day Insurance: https://rainyday.black.insure

Rainy Day Insurance is an insurance game / proof-of-concept that enables users to win actual BLCK tokens.

It's a case of blockchain based "parametric insurance". You can choose one location and get insurance cover for the case if it rains. Every day it rains, you get 1 BLCK token "compensation"

[moderator's note: consecutive posts merged]

[Peep Paum]

One of the biggest problems in the insurance industry today is that product design and customer are too far apart.

Hi dumbtool45, thats what Black is going to change. We give that power to brokers who dealing with the clients every day and know exactly what they need.

Regards,
Peep

[martparve]

Great score from ICOMarks

https://icomarks.com/ico/black-insurance