martparve
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September 14, 2018, 11:04:38 AM
Last edit: September 23, 2022, 01:31:07 PM by mprep |
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Attracting to the investors and spreading the information about this business can be attained if the team really have to create a good advertisement and social marketing strategy campaign.
I appreciate this viewpoint but I suggest a different perspective. We will operate on a two-sided market - insurance brokers on one side, and Black Security Token investors on the other side (not to be confused with the BLCK utility token we will offer on the upcoming ICO; please see the whitepaper to learn about the difference). Why do we rely on brokers for distribution instead of trying to sell directly to customers? We have seen that ramping up customer base is very hard in insurance. However, we have more and more brokers coming to us to have their products created on our platform, and these guys already have the customers. Thus, we don't need to do large scale marketing - they are doing it instead of us. On the other side, we have the BST investors. Here, some marketing is definitely called upon, but our strategy is to first work with institutional investors like hedge funds, family offices and all others that already invest in insurance-backed assets. Here, too, our emphasis is on sales outreach rather than on blanket marketing.
I find that the reward structure is balanced. There's a use case, which is pretty rare. I'm waiting to hear more about the team. I started mining it from the beginning. They started the bounty campaign and I think if they can create a community, it could be a success.
We have some team videos on the Youtube channel, and a few new ones are coming soon. For instance, we just posted a video with our advisor Taavi Kotka, who is the de facto founder-CEO of something called "Estonian e-residency". Go ahead, google it, it's kind of a big thing  https://www.youtube.com/watch?v=hmYlUQEU3tw[moderator's note: consecutive posts merged] |
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Colibra
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September 14, 2018, 11:12:47 AM |
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Black Insurance is already rated by Cryptolaboratory. All facts are here. Don't miss it!  Thanks! I would point out that the ratings that you link to have improved meanwhile, e.g. ICOBench is up at 4.9 points now I just had a look at ICOBench and didn't find any experts rating for the projects. Strange indeed! The project is so prominent but we still can't read a feedback about it and posted online. I find it quite curious as well. There has been a lot of talk that the ICOBench experts only rate ICO-s that pay them loads of money. In this regard, I'm wondering what's the true value of these ratings? "I approve of this ICO since they paid me 2 BTC"...? Anyhow, I'll ask our team to reach out to some experts to see if they play ball. Considering how many complete scam ICO-s there are out there, and that we have a legit team with loads of industry background, they well should look into our ICO, don't you all think? Glad to announce that the first ICOBench review is in, and it's not too shabby at all Hope to get some more during the next days. https://icobench.com/ico/black-insurance/ratings#ratingsActually, as far as I know, there is a pretty easy way for gaining more recognition from all kinds of experts without the need to pay extra money. I am not sure if the majority of the experts giving rates to the ICOBench projects are scammers or not but... I've heard that a common strategy is to write private messages to different people directly on linked in, building a strong engagement and connection with them. But even without it you could still ask for feedback from their side, share some docs. This way many projects receive good valuable comments. Although there are some TOP ICOBench experts who rate the projects driven by the need to keep their own rating higher... some valuable, authentic feedback is not something unusual. Anyways... I am not judging, just giving some practices as an example and being curious about the stuff around. All the best! |
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martparve
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September 14, 2018, 11:15:21 AM |
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Black Insurance is already rated by Cryptolaboratory. All facts are here. Don't miss it! Thanks! I would point out that the ratings that you link to have improved meanwhile, e.g. ICOBench is up at 4.9 points now I just had a look at ICOBench and didn't find any experts rating for the projects. Strange indeed! The project is so prominent but we still can't read a feedback about it and posted online. I find it quite curious as well. There has been a lot of talk that the ICOBench experts only rate ICO-s that pay them loads of money. In this regard, I'm wondering what's the true value of these ratings? "I approve of this ICO since they paid me 2 BTC"...? Anyhow, I'll ask our team to reach out to some experts to see if they play ball. Considering how many complete scam ICO-s there are out there, and that we have a legit team with loads of industry background, they well should look into our ICO, don't you all think? Glad to announce that the first ICOBench review is in, and it's not too shabby at all Hope to get some more during the next days. https://icobench.com/ico/black-insurance/ratings#ratingsActually, as far as I know, there is a pretty easy way for gaining more recognition from all kinds of experts without the need to pay extra money. I am not sure if the majority of the experts giving rates to the ICOBench projects are scammers or not but... I've heard that a common strategy is to write private messages to different people directly on linked in, building a strong engagement and connection with them. But even without it you could still ask for feedback from their side, share some docs. This way many projects receive good valuable comments. Although there are some TOP ICOBench experts who rate the projects driven by the need to keep their own rating higher... some valuable, authentic feedback is not something unusual. Anyways... I am not judging, just giving some practices as an example and being curious about the stuff around. All the best! Thanks! Funny as it might be, we did exactly what you just described during the last few days. Have 3 reviews now, and just had an almost 1-hour call with one particularly thorough ICOBench reviewer. So I trust a few more reviews should come in soon. |
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chunt
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September 17, 2018, 07:27:16 AM |
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Black insurance team is composed of professional veterans in insurance industry and also they are expert in blockchain as well. I like the project idea on how insurance industry will be transformed to blockchain infrastructure in the future. The usage potential of this project is huge since it will have a positive impact on the insurance industry. But the team should improve their marketing support for this project to be known globally.
Thank you for your support princessjenyz! We are certainly working hard on promotion as well. In addition, we have signed up 54 brokers who are doing ~330 million USD revenue, we are also working on the partnership with Munich RE (world’s 2nd biggest insurer) is far along in the pipeline. Black Insurance ICO will start in October 2018, please feel free to register now to enjoy 25% bonus! https://tokensale.black.insure/register |
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zircot8
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September 18, 2018, 08:20:17 AM |
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Hello, https://icobench.com/ico/black-insuranceUnder ratings, someone said "I think its a really good project, solving some needs of the industry. By democratising how traditional insurance work, this will allow all the stakeholders in the value chain to maximise their gains. Blockchain will help create efficiency as well as transparency. Good team as well." How do you democratise insurance? |
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chunt
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September 18, 2018, 08:32:04 AM |
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Hello, https://icobench.com/ico/black-insuranceUnder ratings, someone said "I think its a really good project, solving some needs of the industry. By democratising how traditional insurance work, this will allow all the stakeholders in the value chain to maximise their gains. Blockchain will help create efficiency as well as transparency. Good team as well." How do you democratise insurance? Hello Zircot8, thanks for your interest! Through crowdfunding, everyone can participate in syndicate tokensale by purchasing BST security token, the syndicates can then fund the insurance brokers, finally the users will be able to purchase insurance products that are cheaper and specially tailored to their needs from the brokers. Black Insurance acts as a platform to facilitate the above process. |
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c4cat
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September 20, 2018, 08:50:47 AM |
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Hi, what's the status of your license to sell the security token BLCK?
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chunt
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September 20, 2018, 08:51:58 AM |
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Hi, what's the status of your license to sell the security token BLCK?
Hello c4cat, BLCK is a utility token which will be sold during our upcoming ICO in October > https://tokensale.black.insure/registerOur security token is called BST. We are going to sell security tokens when the platform is ready and we start raising funds for the first syndicate. By that time we definitely have all licenses needed to make this happen. We’re cooperating with the Estonian governments crypto working group to see that by the time we start doing the Black STOs, the conditions would be as favourable as possible. However, based in Estonia, we see quite a bit of encouraging signals from the government that good actors will be accommodated in their Security Token efforts. Security Tokens are the future, and many governments will come along in the fear of missing out. |
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martparve
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September 22, 2018, 10:36:32 AM |
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Insurance Business Magazine has published a wonderful interview with Black's founder Risto. Start-up entrepreneur’s radical opinion: brokers can bypass insurersby Gabriel Olano 22 Sep 2018 As insurtech start-ups try to disrupt the insurance industry, a relatively common theme is insurtechs eliminating or reducing the roles of intermediaries such as brokers. However, one insurance start-up entrepreneur suggests going the opposite way: brokers bypassing insurers. Risto Rossar (pictured), co-founder of Estonian start-up Black Insurance, shared his opinion on innovation in the insurance industry with Insurance Business. “The ‘operating system’ of insurance … is slow, riddled with red tape, and technologically redundant,” Rossar said. “Insurance products are one of the most obvious bottlenecks. In order for a start-up or other innovator to have the control over the very insurance product they sell, they should have an insurance license, a substantial organisation to support the compliance, and capital in the magnitude of millions, or dozens of... Read the entire article HERE |
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Vedagnostik
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September 22, 2018, 09:36:47 PM |
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Insurance Business Magazine has published a wonderful interview with Black's founder Risto. Start-up entrepreneur’s radical opinion: brokers can bypass insurersby Gabriel Olano 22 Sep 2018 As insurtech start-ups try to disrupt the insurance industry, a relatively common theme is insurtechs eliminating or reducing the roles of intermediaries such as brokers. However, one insurance start-up entrepreneur suggests going the opposite way: brokers bypassing insurers. Risto Rossar (pictured), co-founder of Estonian start-up Black Insurance, shared his opinion on innovation in the insurance industry with Insurance Business. “The ‘operating system’ of insurance … is slow, riddled with red tape, and technologically redundant,” Rossar said. “Insurance products are one of the most obvious bottlenecks. In order for a start-up or other innovator to have the control over the very insurance product they sell, they should have an insurance license, a substantial organisation to support the compliance, and capital in the magnitude of millions, or dozens of... Read the entire article HEREGood interview with Risto, I think ICO will be successful if it gives a few more in similar publications. I like his position and opinion about brokers, and the changes he talks about are really necessary. Undoubtedly, the application of blockchain and cryptocurrency technology in insurance will give more benefits to all participants. |
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Klinext
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September 24, 2018, 08:54:44 AM |
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Insurance Business Magazine has published a wonderful interview with Black's founder Risto. Start-up entrepreneur’s radical opinion: brokers can bypass insurersby Gabriel Olano 22 Sep 2018 As insurtech start-ups try to disrupt the insurance industry, a relatively common theme is insurtechs eliminating or reducing the roles of intermediaries such as brokers. However, one insurance start-up entrepreneur suggests going the opposite way: brokers bypassing insurers. Risto Rossar (pictured), co-founder of Estonian start-up Black Insurance, shared his opinion on innovation in the insurance industry with Insurance Business. “The ‘operating system’ of insurance … is slow, riddled with red tape, and technologically redundant,” Rossar said. “Insurance products are one of the most obvious bottlenecks. In order for a start-up or other innovator to have the control over the very insurance product they sell, they should have an insurance license, a substantial organisation to support the compliance, and capital in the magnitude of millions, or dozens of... Read the entire article HEREWhat does it mean by bypass insurer? Is this possible? |
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chunt
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September 24, 2018, 09:23:15 AM
Last edit: September 23, 2022, 01:31:31 PM by mprep |
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What does it mean by bypass insurer? Is this possible?
Hello Klinext, thank you for your interest. Absolutely, there is no insurers and reinsurers in Black Insurance ecosystem, through crowdfunding, everyone can participate in syndicate tokensale by purchasing BST security token, the syndicates can then fund the insurance brokers, who is responsible in designing and selling insurance products
The Founder and CEO of Black Insurance - Risto Rossar talks in Insurance Innovators Podcast about the problem that Black is solving and how we are going to do this. https://insuranceinnovators.co/2018/09/27/ep-054-risto-rossar-black-insurance-tokenising-insurance-risk/[moderator's note: consecutive posts merged] |
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Klinext
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September 29, 2018, 09:00:03 AM |
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When the brokers are selling insurance products via Black, how much is the profit sharing? |
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chunt
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September 29, 2018, 09:01:25 AM |
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When the brokers are selling insurance products via Black, how much is the profit sharing? Hi Klinext! The revenue model of black itself is simple - Black Insurance platform charges a ~3% commission on the revenues, considering that traditionally, this part of the value chain takes up easily as much as 10-20% of revenues. Hence, Black platform is much more cost effective for the brokers! |
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triinumur
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October 01, 2018, 11:04:44 AM |
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Black Insurance ICO pre-sale is now on! The participation in the Black Insurance ICO requires only 3 simple steps. 1. Sign up now at tokensale.black.insure (please check the URL before login) 2. Buy BLCK tokens 3. Receive your BLCK tokens after the ICO to your ERC20 compatible walled marked upon registration The only way to invest is through https://tokensale.black.insure! We will never contact you directly or via email to ask for contributions. There are various scam posts on medium and fake email campaigns going on. Make sure you check the URL you are on when investing. Read more from our Medium channel: https://medium.com/blackinsurance/ico-announcement-3-easy-steps-to-participate-in-the-black-insurance-ico-f2b9172b73e |
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chunt
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October 04, 2018, 08:53:29 AM |
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Fico feliz de participar deste projeto!!
Thank you for your support, Danielsuper |
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triinumur
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October 06, 2018, 09:28:20 AM |
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Invest in Black Insurance ICO pre-sale and earn additional bonuses on top of 25% early-bird bonus! https://tokensale.black.insure/ |
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Kuala Lumpur
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October 08, 2018, 05:27:15 AM |
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And then, when the token will be listed on the stock exchange, buy more ... every 5-10 times cheaper than on iso or pre-ICO with a super cool bonus)) I think that in all ICO - the provided bonuses are a big mistake. |
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martparve
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October 08, 2018, 08:11:31 AM |
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And then, when the token will be listed on the stock exchange, buy more ... every 5-10 times cheaper than on iso or pre-ICO with a super cool bonus)) I think that in all ICO - the provided bonuses are a big mistake. Interesting. What do you suggest? |
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