Topic: 📢 [ANN]Black Insurance digital insurance company on the blockchain - page 31. (Read 8016 times)

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

Digital Insurance Provider on Blockchain, Black Insurance Ropes in Professor Alex Norta as the Scientific Advisor.

The goal of Black platform is to empower the insurance brokers by connecting them directly with capital, allowing them to launch their own virtual insurance companies.

The new Scientific Advisor for Black Insurance, Professor Alex Norta is the owner of Norta & Partners, offering holistic consultation and software development service in the field of blockchain technology. He has advised and written whitepapers for many successful blockchain projects such as: Neo, Qtum, Cedex, Datawallet, Cashaa and many more. In the past, he has worked as a post-doctorial researcher on the SOAMeS project at the computer-science department of Helsinki University. His research on a PhD about dynamic inter-organizational business process collaboration was featured in an FP6-EU research project called CrossWork.

“The insurance industry today is slow with bringing products to market because of excessive bureaucracy that distorts free-market mechanisms to the detriment of customers,” explains Prof. Norta.  “Blockchain technology is a means to replace this excessive bureaucracy with a novel control mechanism that is much cheaper, faster and more trustable. Thus, the insurance industry can start to meet the markets needs quick and in a cost effective way.”

http://altcoinalerts.com/digital-insurance-provider-on-blockchain-black-insurance-ropes-in-professor-alex-norta-as-the-scientific-advisor/

Thanks a lot for your feedback!

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Black Insurance PR

Digital Insurance Provider on Blockchain, Black Insurance Ropes in Professor Alex Norta as the Scientific Advisor.

http://altcoinalerts.com/digital-insurance-provider-on-blockchain-black-insurance-ropes-in-professor-alex-norta-as-the-scientific-advisor/

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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

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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 BSTtokens:
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.

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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

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1) Entrepreneurs list their insurance products.
2)Investors can form and capitalise investment syndicates by investing in tokens and
allocating capital between different products.
3)Policies are written on blockchain as smart contracts.
4)Users have access to immutable data (premiums sold, claims, profit) on the platform.
5) Profits are automatically distributed amongst the token holders.

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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.

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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

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- 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.

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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.

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We are in Amsterdam today, presenting our platform!

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"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.

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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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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”.

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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.


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This is a great platform, I would like to actively participate in it, and to a local agent for the black insurance, what are the requirement?

hello dev, where can I see the MVP that has been launched?
when will ico start and what date?

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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 BSTtokens:
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.

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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

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Join us on facebook https://m.facebook.com/blackinsure/ to see the video fron d10e conference in Tokyo.

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Big insurance companies have over time gain monopoly over the insurance industry, leaving younger insurance entrepreneurs out of the picture. But with black insurance digital there will be a big opportunity for the insurance entrepreneurs to flourish. This is how the black insurance digital project works, it will capitalize on Ethereum Blockchain to create an insurance platform where clients can easily transfer their risk to the finance backers. The best part about black insurance digital is that for the first time insurance companies can now truly go global

When the platform will be ready.
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)

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Team
The team consists of insurance industry veterans and blockchain experts. It is a great mix of inside knowledge of the insurance industry, expertise on blockchain technology and the crypto space. Founders have over 18 years of experience in insurance software and saw the pressing need for a solution that would democratize the field through technology

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You will created 2nd type of tokens when platform will be ready or at the start and investors will have 2 kind of tokens?

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.

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We won 2nd place in d10e conference and got many contacts with potential investors and partners!

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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.

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Thanks for your feedback:)

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Lightpaper
https://www.black.insure/lightpaper.pdf
Whitepaper
https://www.black.insure/whitepaper.pdf

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We won 2nd place in d10e conference in Tokyo!


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Yes, there should be different type of insurance

So the correct one using the Black  Segure, it will have the power to bethe brokerage house itself? Will the insurance be available for any type of service (home, life etc)?

Black is a digital insurance company on blockchain. Our platform connects insurance brokers directly with capital enabling them to launch their own virtual insurance companies. Thus removing the trusted third parties  from the value chain.Black will be a licensed insurance company that provides insurance capacity to Agents, Brokers and MGAs  enabling them to launch their own virtual insurance companies. Our capacity comes without the traditional overheads of insurance company while using blockchain as main platform to get rid of centralized insurance companies.

Hi. Register here @blackinsurebot

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