InsurePal InsurePal

InsurePal

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InsurePal is a next generation of peer-to-peer insurance based on social proof endorsements, fully harnessing the power of blockchain innovation. The platform will serve as a replacement for insurances as we know today and offer a completely new type of coverage for areas of life and business that began to emerge with the evolution of blockchain, starting with the insurance of blockchain business transactions. The innovative approach has been filed for patent protection in US and worldwide. Social proof is an in-built mechanism within all of us, representing people`s moral compass. InsurePal embeds social proof in form of financial commitment. The endorser who financially guarantees for someone has to use its own diligence when providing the guarantee to at the risk of losing their money. Through such endorsements, the network in whole becomes more risk aware. The platform will work as an dAPP for B2C customers and as a service for B2B partners that will resell social proof insurance by using InsurePal solution.
Jan 16, 2018
Feb 5, 2018
100% completed
$18 000 000
100% hard cap completed
Hard cap 18 000 000 USD
past
  • 1 IPL
    =
    0.1 USD

About InsurePal

Join us in a venture in what is to bring a complete change to the insurance as we know today!

  • SOCIAL PROOF PATENT
    We’ve successfully reinvented the social proof methodology for insurance industry. The approach has been filed for patent protection in the US and worldwide.

  • SCALABILITY
    Insurance is a $7 trillion global market. By becoming an early adopter of blockchain technology, InsurePal can gain an important advantage.

  • INDUSTRY KNOW-HOW
    InsurePal team combines best of both worlds – industry professionals with years of experience and dedicated blockchain experts with a track-record of successful crypto projects.

  • INSUREPAL (IPL) TOKEN
    IPL token will be the fuel of InsurePal platform, used by clients and 3rd-parties worldwide. The platform will use different means to incentivize participants and make the tokens available to a broad audience.

  • SELF-REGULATION
    Our business model allows self-regulation without the need of a central institution. As the risk-prone individuals will be automatically excluded, InsurePal can offer significant cost reductions.

  • SOCIAL IMPACT
    InsurePal motivates groups for a change to better. We’re creating a complete switch in paradigm and growing a global community that shares a common value of reciprocity.

Insurance of tomorrow
InsurePal aims to become a first-of-a-kind blockchain-based decentralized insurance platform powered by social proof guarantee. InsurePal is a next generation of peer-to-peer insurance based on social proof endorsements, fully harnessing the power of blockchain innovation. It will serve as a replacement for insurances as we know and offer a completely new type of coverage for areas of life and business that began to emerge with the evolution of blockchain and transactions being carried out on the distributed ledger.

The science of social proof
Social proof is a natural, in-built mechanism within all of us, representing people`s moral compass. In other words, people reference the behavior of others to guide their own behavior. InsurePal embeds social proof in a form of financial commitment. The endorser who financially guarantees for someone has to use its own due diligence when providing the guarantee to at the risk of losing their money. Through such endorsements and guarantees, the network in whole becomes more risk aware, consequently inducing a change of people’s behavior.

Worldwide patent
This is the first time we have successfully reinvented the social proof for insurance industry. The innovative approach has been filed for patent protection in US and worldwide. Insurance play a vital role in society and its proper function is imperative. To prevent unfair competition, it is at large subjected to tight regulation and unified standards. For that, we make it our imperative that InsurePal abides with all the regulatory requirements. This way our policyholders can always rely they are safe and covered.

Features

InsurePal is a next generation of peer-to-peer insurance based on social proof endorsements, fully harnessing the power of blockchain innovation. The platform will serve as a replacement for insurances as we know today and offer a completely new type of coverage for areas of life and business that began to emerge with the evolution of blockchain, starting with the insurance of blockchain business transactions. The innovative approach has been filed for patent protection in US and worldwide. Social proof is an in-built mechanism within all of us, representing people`s moral compass. InsurePal embeds social proof in form of financial commitment.

Technical Info

The platform will work as an dAPP for B2C customers and as a service for B2B partners that will resell social proof insurance by using InsurePal solution.

Roadmap

  • Social proof and first round of funding

  • Founders identify the science of social proof as a solution and invest close to $500.000 to develop the social proof model and web app demo.
  • 2015 Social proof and first round of funding

  • Insurance industry is full of irregularities. Founders identify the science of social proof as a solution and invest close to $500.000 to develop the social proof model and web app demo. Calibrated mathematical algorithms confirm the model brings from 30% and up to 70% cost reduction.
  • US & worldwide patent

  • Social proof insurance patent protection is filed in US and worldwide.
  • 2016 US & worldwide patent

  • Social proof insurance patent protection is filed in US and worldwide. Founders pitch the idea in Silicon Valley but refuse several million offer to be able to develop InsurePal on their own terms. The methodology, viability assessment and a legal review of the project are developed. Blockchain is identified as the missing piece. Several meetings with crypto think-tanks occur. InsurePal core team is assembled.
  • Read More
  • Core team & ICO preparation

  • InsurePal enters in partnership with Netis Group and expands the team with several blockchain and IT experts.
  • 2017 Core team & ICO preparation

  • InsurePal enters in partnership with Netis Group and expands the team with several blockchain and IT experts. The architectural design of the InsurePal platform and its functionalities begins. Parallelly, the extensive preparations for ICO go about.
  • InsurePal tokensale

  • InsurePal tokensale

  • 16 January

  • IPL token crowdsale
  • Platform launch & extended features integration

  • Platform is further developed and new social proof modules are integrated, ready to be used by third-parties.
  • 2018 Platform launch & extended blockchain features integration

  • The development of InsurePal platform core begins. First social proof modules are ready to be used. PR & Marketing campaign launches. We obtain MGA insurance license for UK market and start with UK pilot project. Platform is further developed and new social proof modules are integrated, ready to be used by third-parties. Extensive legal and regulatory preparations to obtain the EU passport license begin.
  • UK pilot project

  • We obtain MGA insurance license for UK market and start with UK pilot project.
  • 2019 and on Global expansion & B2B partnerships growth

  • Additional functionalities are implemented. Partnerships with interested third-parties are further promoted. Implementation of claims community handling model begins. All InsurePal activities are promoted on a global scale. InsurePal platform to become a “to-go” global social proof insurance.
  • Global expansion & B2B partnerships

  • Additional functionalities are implemented. Partnerships with interested third-parties are further promoted.

Materials

InsurePal

Activity

Status:
NewbieCopper Member
VERY LOW
Activity:
28
VERY LOW
Merit:
0
VERY LOW
Posts:
1 782
VERY HIGH
Views:
11 464
VERY HIGH
Posts:
189
MEDIUM
Followers:
323 421
VERY HIGH
Likes:
323 157
VERY HIGH
Followers:
6 389
HIGH
Tweets:
512
VERY HIGH
Members:
6 197
HIGH
Alexa
Rank:
1 260 218
VERY LOW
Delta:
886 319
Year commits:
5
Watchers:
6
Stars:
3
Forks:
1
Open issues:
0

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Co-founder & InsurePal CEO
unverified
Chief Insurance Officer
unverified
Chief Marketing Officer (CMO)
unverified
Chief Growth Officer
unverified
Chief Operation Officer (COO)
unverified
Chief Financial Officer
unverified
Chief Compliance Officer
unverified
General Legal Counsel
unverified
Chief Financial Officer UK
unverified
Blockchain Expert & Crowdsale Project Manager
unverified
Communications & PR Consultant
unverified
Communications & Content Creator
unverified
Digital Marketing Consultant
unverified
Blockchain Business Consultant
unverified
Communications & Marketing Specialist
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Insurance & Operations Expert
unverified
Senior Blockchain Consluntant
unverified
Marketing Specialist
unverified
Senior Insurance Expert
unverified
Blockchain & Business Development Expert
unverified
Blockchain Business Consultant
unverified

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