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.
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 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.
Social proof and first round of funding
2015 Social proof and first round of funding
US & worldwide patent
2016 US & worldwide patent
Core team & ICO preparation
2017 Core team & ICO preparation
Platform launch & extended features integration
2018 Platform launch & extended blockchain features integration
UK pilot project
2019 and on Global expansion & B2B partnerships growth
Global expansion & B2B partnerships
Attention. There is a risk that unverified members are not actually members of the team
$46 461 527
$33 981 051
$23 087 896
$18 000 000
$34 167 210
In general the community seems to have a great interest in InsurePal. This is evident based on the project’s very successful presale. We expect InsurePal will be able to raise the rest of the required funds during crowdsale with relative ease. InsurePal have also patented the application of social proof to insurance, although one has to remember that this model has not yet fully demonstrated itself in action. We do like the fact that potentially more affordable insurance and the implementation of modern technologies may attract clients who until now have not been likely to insure.We are keeping an eye on the project and awaiting further developments!
InsurePal is peer-to-peer insurance which is built on social proof endorsements, to harness the power of blockchain innovation. It is designed with the aim of becoming the world’s first insurance service offering trust to crypto community members for managing their products and services.
InsurePal aims to create the “insurance of tomorrow’ using blockchain technology and social proof guarantees. It’s a peer-to-peer insurance platform where you can receive endorsements (backed by financial obligations) from your friends. The company plans to disrupt today’s insurance structure, enabling a new type of coverage for life and businesses.
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