Black Insurance makes use of several unique properties the Blockchain has to offer.
Cutting out Trusted Third Parties 🙅
Transparency 💯
Automation 👍
https://medium.com/blackinsurance/the-advantages-of-blockchain-based-insurance-products-ffb6229eaa94
Topic: 📢 [ANN]Black Insurance digital insurance company on the blockchain - page 13. (Read 8014 times)
May 21, 2018, 03:18:50 PM
May 21, 2018, 02:40:22 PM
Black Insurance is among the 3% of startups that really change the insurance at its core.
https://insuranceblog.accenture.com/insurtech-refocus-on-underserved-elements-of-the-insurance-value-chain-to-unlock-growth
https://insuranceblog.accenture.com/insurtech-refocus-on-underserved-elements-of-the-insurance-value-chain-to-unlock-growth
May 21, 2018, 01:41:06 PM
It is built for insurance industry participants,including brokers, MGAs, insurers and investors.It connects insurance entrepreneurs with innovative ideas to the capital
they seek. All policies are written on blockchain, greatly reducing transaction costs and giving everyone an equal playing field for conducting business.
The Black platform creates a blockchain ecosystem for all parties that will bring transparency, democracy and efficiency to the insurance industry.
they seek. All policies are written on blockchain, greatly reducing transaction costs and giving everyone an equal playing field for conducting business.
The Black platform creates a blockchain ecosystem for all parties that will bring transparency, democracy and efficiency to the insurance industry.
May 21, 2018, 07:15:39 AM
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Black will use the blockchain to transfer risk directly from clients (insureds) to financial backers (Black Syndicate Token holders): minimizing all inefficiencies storing all data securely in blockchains transparent business operations using smart contracts faster innovation by platform members
Black Insurance will use two types of tokens:
Black Platform Token (BLCK). BLCK powers the infrastructure, providing access to the platform and for conducting voting on system updates to the platform (utility token). All platform users will use BLCK for managing insurance on the Black platform, and demand for BLCK will increase as more insurance business is conducted on the platform.Black Syndicate Tokens (BST) (issued when the platform is ready). BST is an investment in insurance capital, and a specific BST is created for each syndicate (security token), The profitability of the insurance portfolio for a specific syndicate will pass-through to the holders of it’s BST.
The Black Insurance is a B2B platform.
It is built for insurance industry participants,including brokers, MGAs, insurers and investors.It connects insurance entrepreneurs with innovative ideas to the capital
they seek. All policies are written on blockchain, greatly reducing transaction costs and giving everyone an equal playing field for conducting business.
The Black platform creates a blockchain ecosystem for all parties that will bring transparency, democracy and efficiency to the insurance industry.
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Is there anything would you like to know about our project?
May 20, 2018, 09:14:32 AM
May 20, 2018, 03:57:22 AM
I think it’s not the best way to advertise your airdrop here
May 19, 2018, 09:54:28 AM
May 18, 2018, 10:50:45 AM
The project will be interesting for participants of the insurance industry. Introduction of innovative ideas in insurance is necessary. The team's experience will help in the implementation of the tasks.
May 18, 2018, 06:45:48 AM
I think, this is real nteresting.. Good idea, i know it)
May 18, 2018, 02:59:02 AM
Over time Black will gather large quantities of data from different markets, and by analyzing it with machine learning and AI, Black is able to calculate the prices at which any insurance business can be profitable.
We will implement smart contracts that accept insurance policies from Brokers only in case insurance premium is at least on the level that does not create loss to Black.
We will implement smart contracts that accept insurance policies from Brokers only in case insurance premium is at least on the level that does not create loss to Black.
May 17, 2018, 07:56:18 AM
May 17, 2018, 01:38:26 AM
Yesterday Risto Rossar and Martin Mägi had a super exiting day at DIA Amsterdam, where over 1000 brightest minds of insurance community were present – there was constant line of people in front of our booth who wanted to talk whith us about our product demo. Black was also mentioned in several panel discussions as potential disruptor. Insurance brokers already wanted to start using our product and insurance companies were just “exited”.
May 16, 2018, 01:53:58 PM
The Black Insurance is a B2B platform.
It is built for insurance industry participants,including brokers, MGAs, insurers and investors.It connects insurance entrepreneurs with innovative ideas to the capital
they seek. All policies are written on blockchain, greatly reducing transaction costs and giving everyone an equal playing field for conducting business.
The Black platform creates a blockchain ecosystem for all parties that will bring transparency, democracy and efficiency to the insurance industry.
May 16, 2018, 09:49:29 AM
"How do we differ from other blockchain / insurance projects?" - we get this question a lot.
We indeed have plenty of blockchain / insurance related companies on our radar, including Etherisc, Blocksure, Insurepal, ixledger, PolicyPal, ChainThat, fidentiaX, InsurChain, B3i etc.
Now, in my mind, I'm 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
Insurance companies are product companies (above) that don't partner with an existing insurer, and attempt to become a licensed insurer themselves
Marketplaces enable creation, capitalisation and distribution of insurance products for platform members, that can include other insurers, brokers, agents and all insurance industry members. This strategy also requires an insurance license, and much more.
As far as we know, Black is currently the only blockchain / insurance startup that is actively pursuing the marketplace strategy. 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.
We indeed have plenty of blockchain / insurance related companies on our radar, including Etherisc, Blocksure, Insurepal, ixledger, PolicyPal, ChainThat, fidentiaX, InsurChain, B3i etc.
Now, in my mind, I'm 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
Insurance companies are product companies (above) that don't partner with an existing insurer, and attempt to become a licensed insurer themselves
Marketplaces enable creation, capitalisation and distribution of insurance products for platform members, that can include other insurers, brokers, agents and all insurance industry members. This strategy also requires an insurance license, and much more.
As far as we know, Black is currently the only blockchain / insurance startup that is actively pursuing the marketplace strategy. 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.
May 16, 2018, 07:36:09 AM
We are in Amsterdam today, presenting our platform!
May 16, 2018, 04:24:54 AM
Sound Business Plan
Black will ask Brokers to present their business plan. Black’s specialists will analyze the plan and consult with specialists in the local market if necessary. May 15, 2018, 11:58:22 AM
What Black provides to Brokers
- Capital to design insurance products and sell them- Technology. Brokers can use our user interface or API to store insurance policies and claims into our platform.
- Insurance License. Black will establish an EU licensed insurance company, allowing us to cooperate with Brokers across the EU. Depending on capital raised we also intend to apply for licenses in other regions.
May 15, 2018, 06:03:29 AM
May 15, 2018, 01:29:43 AM
We are speaking at Crypto Health Summit in LA on the 22nd of May. https://www.cryptohealthsummit.com/losangeles
Black Insurance will disrupt the insurance industry, this really goes hand in hand with the health sector. A lot we can do there
Black Insurance will disrupt the insurance industry, this really goes hand in hand with the health sector. A lot we can do there
May 14, 2018, 01:01:36 PM
The Black Insurance is a B2B platform. It changes how insurance is made - the way insurance products are developed and
capitalised. It is built for insurance industry participants,
including brokers, MGAs, insurers and investors.
capitalised. It is built for insurance industry participants,
including brokers, MGAs, insurers and investors.
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