Hello zis700, thank you for your interest!
We indeed have plenty of blockchain / insurance related companies on our radar.
We are 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
-Carriers are product companies (above) that don't partner with an existing insurer, and attempt to become a licensed insurer themselves
-Marketplaces (Black) 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.
Black is currently the one of the very few blockchain / insurance startups actively pursuing the marketplace strategy, and the only one that will enable launching any type of insurance products. 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.
