i couldn't invest at ICO
i just bought in Livecoin
thanks
Topic: [ANN] [IPL] InsurePal | Distributed social proof insurance - page 9. (Read 12662 times)
44% insurance customers did not have any interactions with current insurers for last 18 months.Tokens (including Insurepal’s) and other digital assets
interesting chat on telegram
interesting chat on telegram
CEO answered yesterday on Insurepal Telegram
Tom Volk is a co-founder of www.adacta-group.com, by Celent emerging leader for core insurance software. Therefore we have in house some knowledge how to integrate into insurance core systems. 2. Yes, we are discussing on several markets with insurance carriers that are needed to run our service. 3. If we have carrier secured there is less legal work, because the regulator is less concerned.
Tom Volk is a co-founder of www.adacta-group.com, by Celent emerging leader for core insurance software. Therefore we have in house some knowledge how to integrate into insurance core systems. 2. Yes, we are discussing on several markets with insurance carriers that are needed to run our service. 3. If we have carrier secured there is less legal work, because the regulator is less concerned.
All channels for fresh news are on Twitter and Insurepal telegram
join guys
https://twitter.com/InsurePal_io
join guys
https://twitter.com/InsurePal_io
Which exchanges are you planning? When will it be possible to trade tokens? Thanks for rely 
Are there any plans to list on the exchange?
Will Insurepal disturb people in the future? Because one person is vouch for another person. If the guarantor makes an accident, the guarantor is held responsible. Can I have your views?
Will I lose friends if they vouch for me? Experiences from other P2P insurance companies show that first thing after the accident happens, friends first ask if their friends are OK or they got injured. They almost never ask about the payments, but they firs ask about the wellbeing of their friends. We all know that accidents happen and InsurePal's goal is to reduce false, fraudulent and overpriced claims.
Join Insurepal Telegram: https://t.me/InsurePal
All different — all differently funded
The peer-to-peer lending platforms seem to be able to select the creditworthy borrowers. The result: only 1.8% of listings successfully collects funds in the lowest credit category, as opposed to 30.9% of listings funded in the highest credit category (Iyer et al., 2009). However, empirical studies have provided evidence that some lenders use decision methods that many national legislations would consider illegal if done by institutions.
Borrower’s appearance deducted from the enclosed picture can account for as much as 25 to 35% difference in the likelihood of receiving a loan and 60 to 80 basis points[4] difference in the interest rate. Moreover, borrowers who avoid providing a picture suffer adverse consequences from lenders. Investors also discriminate against the elderly and the overweight but in favor of women and those that signal military involvement (Pope and Sydnor, 2011). Similarly, trustworthiness based on appearance judgments allows borrowers to promise a lower interest rate compared to the average borrower and keep the same probability of obtaining a loan. In fact, such individuals also pay lower interest rates if they get funded (Duarte et al., 2012).
Is such bias economically irrational? In other words, are investors seeking for the highest risk-adjusted return on their investment making an efficient decision? Apparently, yes. Duarte et al. (2012) and Pope and Sydnor (2011) provide evidence that appearance attributes can explain a part of the variation in default probabilities. The explanation for such observations might be that lenders understand correlations between appearance features and “important characteristics for predicting default that they cannot perfectly observe, such as education and social-support networks”
very interesting!
The peer-to-peer lending platforms seem to be able to select the creditworthy borrowers. The result: only 1.8% of listings successfully collects funds in the lowest credit category, as opposed to 30.9% of listings funded in the highest credit category (Iyer et al., 2009). However, empirical studies have provided evidence that some lenders use decision methods that many national legislations would consider illegal if done by institutions.
Borrower’s appearance deducted from the enclosed picture can account for as much as 25 to 35% difference in the likelihood of receiving a loan and 60 to 80 basis points[4] difference in the interest rate. Moreover, borrowers who avoid providing a picture suffer adverse consequences from lenders. Investors also discriminate against the elderly and the overweight but in favor of women and those that signal military involvement (Pope and Sydnor, 2011). Similarly, trustworthiness based on appearance judgments allows borrowers to promise a lower interest rate compared to the average borrower and keep the same probability of obtaining a loan. In fact, such individuals also pay lower interest rates if they get funded (Duarte et al., 2012).
Is such bias economically irrational? In other words, are investors seeking for the highest risk-adjusted return on their investment making an efficient decision? Apparently, yes. Duarte et al. (2012) and Pope and Sydnor (2011) provide evidence that appearance attributes can explain a part of the variation in default probabilities. The explanation for such observations might be that lenders understand correlations between appearance features and “important characteristics for predicting default that they cannot perfectly observe, such as education and social-support networks”
very interesting!
Will Insurepal disturb people in the future? Because one person is vouch for another person. If the guarantor makes an accident, the guarantor is held responsible. Can I have your views?
Awesome article #pure tech
Do you know that you pay a higher car insurance price because insurance companies cannot tell that you are a responsible driver, but your twenty-something neighbor uses streets for practicing his drifting skills? The money insurance companies collect from policyholders must at least match all insurance claims. The more diligent drivers a company insures, the lower insurance price it can charge. Peer-to-peer insurance enables individuals to profit by telling who is naughty and who is nice.
Lessons from peer-to-peer lending
With peer-to-peer insurance, the role of insurance companies is changing. Something similar has started happening with banks a few years ago. Traditionally, banks allocated savings of individuals to the most suitable borrowers, as they have been considered to have the most expertise in selecting such borrowers and being the most efficient in doing so. However, in the last few years, banks have been partially replaced (especially in the allocation of credit to smaller borrowers) by peer-to-peer lending platforms, which connect borrowers and investors in a faster and, as it seems, also a more efficient way.
https://medium.com/insurepal-blog/can-peer-to-peer-insurance-replace-insurance-companies-65b8e374dcbb
Do you know that you pay a higher car insurance price because insurance companies cannot tell that you are a responsible driver, but your twenty-something neighbor uses streets for practicing his drifting skills? The money insurance companies collect from policyholders must at least match all insurance claims. The more diligent drivers a company insures, the lower insurance price it can charge. Peer-to-peer insurance enables individuals to profit by telling who is naughty and who is nice.
Lessons from peer-to-peer lending
With peer-to-peer insurance, the role of insurance companies is changing. Something similar has started happening with banks a few years ago. Traditionally, banks allocated savings of individuals to the most suitable borrowers, as they have been considered to have the most expertise in selecting such borrowers and being the most efficient in doing so. However, in the last few years, banks have been partially replaced (especially in the allocation of credit to smaller borrowers) by peer-to-peer lending platforms, which connect borrowers and investors in a faster and, as it seems, also a more efficient way.
https://medium.com/insurepal-blog/can-peer-to-peer-insurance-replace-insurance-companies-65b8e374dcbb
By design this industry of insurance needs extra efforts than others to have starting point for new projects in this space. InsurePal team is moving in right direction by focusing on marketing and building partnerships while development is being carried on at the same time. They have experienced and well respected advisors on board to guide them where is need of this. Insurance industry can't afford to remain behind in the race of moving on blockchain for maximum transparency and cost effective insurance plans.
The combination of insurance industry and block chain will produce different reactions. We can foresee that this is a huge potential industry.
Great chat in Telegram last few days
Guys join - you will see some good community
https://t.me/InsurePal
Guys join - you will see some good community
https://t.me/InsurePal
2019 will be soon
2019 and on
Global expansion & B2B partnerships growth
Additional functionalities are implemented. Partnerships with interested third-parties are further promoted. Implementation of claims community handling model begins. All InsurePal activities are promoted on a global scale.
InsurePal platform to become a “go-to” global social proof insurance.
When social proof insurance and platform will be live - let's wait and see
2019 and on
Global expansion & B2B partnerships growth
Additional functionalities are implemented. Partnerships with interested third-parties are further promoted. Implementation of claims community handling model begins. All InsurePal activities are promoted on a global scale.
InsurePal platform to become a “go-to” global social proof insurance.
When social proof insurance and platform will be live - let's wait and see
I just can't understand how project like this , with good team , idea and ICO sold out in minutes have so low marketcap like we got at the moment . Yea ofcourse its nice , that is cheap to load up , but if we look at some other projects who have nothing , they got like 50-100 million marketcap lol . I understand that there is big manipulation in crypto atm , but cmon people , this one is top100 project Ok not now , but will definetly be in my opinion and hopefully we will see it this year
Ok not now , but will definetly be in my opinion and hopefully we will see it this year Insurepal on world map of Insurtech
By design this industry of insurance needs extra efforts than others to have starting point for new projects in this space. InsurePal team is moving in right direction by focusing on marketing and building partnerships while development is being carried on at the same time. They have experienced and well respected advisors on board to guide them where is need of this. Insurance industry can't afford to remain behind in the race of moving on blockchain for maximum transparency and cost effective insurance plans.
Crypto yoda it seems like you have no money and to much time! Only believing in project won’t get us anywhere the fact is that ipl team is not prepared to pay for any new exchanges and we sure need them..
good luck with buying some more ipls and losing on value more and more
good luck with buying some more ipls and losing on value more and more
I just can't understand how project like this , with good team , idea and ICO sold out in minutes have so low marketcap like we got at the moment . Yea ofcourse its nice , that is cheap to load up , but if we look at some other projects who have nothing , they got like 50-100 million marketcap lol . I understand that there is big manipulation in crypto atm , but cmon people , this one is top100 project Ok not now , but will definetly be in my opinion and hopefully we will see it this year
Ok not now , but will definetly be in my opinion and hopefully we will see it this year
looks professional lol
Hope they will puplish many new program for us
Hope they will puplish many new program for us
it is good to hear and see that development is on track and 25 people are working on project
cheers
New members.. New partnerships that is what we need. Yeeah insurepal iiis moving forward. Great for the future.
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