Interesting, I believe blockchain technology can truly disrupt the insurance industry! How are you different from your competitors?
Hi Zircot8!
Thanks for your support!
We indeed have plenty of blockchain / insurance related companies on our radar, including Etherisc, Blocksure, Insurepal, ixledger, PolicyPal, ChainThat, fidentiaX, InsurChain, B3i etc.
The blockchain / insurance landscape or positioning is 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
Black is a Marketplaces, we 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.