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Black Insurance (PreICO)

Market Place for Insurance Brokers and Investors

Insurance is broken: it's expensive, complicated and slow to meet customer needs. It's because all decisions are made by a handful of people in a small number of big insurance companies, riddled with bureaucracy. Black is going to fix insurance by introducing a democratic, blockchain-based marketplace for creating virtual insurance companies that can design and sell their own, innovative insurance products. These products will be backed by security tokens issued in the future ICO-s, allowing crypto investors to tap into insurance profits. Since blockchain enables to turn administering of insurance policies  much more efficient, these products will also be less expensive and provide more profit upside. Black Insurance is one of the most ambitious ICO backed company since it addresses the entire $4 trillion insurance market. Our team, comprised of seasoned insurance and technology executives, stands prepared to take advantage of this opportunity.

4.4
11 10 expert ratings
Benchy 4.9
Experts
3.8
4.3
4.5
View rating distribution
11 days 6 hours left
2018-10-01 - 2018-10-31
Starts in 12 days 6 hours
2018-11-01 - 2018-11-30
Token
BLCK
Price
1 BLCK = 0.20 USD
Bonus
Available
Bounty
MVP/Prototype
Platform
Accepting
BTC, LTC, ETH
Minimum investment
100 USD
Hard cap
5,000,000 USD
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA
More on ICO
Report

About Black Insurance

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 (Insurance Companies) from the value chain.

Black will be a licensed insurance company that provides insurance capacity to Agents, Brokers and MGAs (hereinafter “Brokers”) 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.

We connect the idea to the capital directly, replacing the parties that are not needed in the value chain with technology. We will do this through crowdfunding, also giving smaller investors a way in. This leaner model gives more responsibilities to insurance brokers and control over the products they are selling. Insurers as we know them today are simply a trusted third party - blockchain gives us an alternative to that and the need for insurers disappears

Bookmark
ICO KYC Report
2 members invited
Risto Rossar
Passed
Bundeep Rangar
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
Missing or incorrect data? Let us know.

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ICO Market Analysis – September 2018Monthly Report

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