Hallo All, in this new post I'll talk about the BLACK INSURANCE project, and for a more clear-cut version, let's just say the following discussion:
ABOUT US
Black is a digital insurance company in the blockroom. Black connects insurance entrepreneurs with capital. It uses blockchain technology to provide democracy, transparency and cost-effectiveness in a defined area that seeks to meet the demands of the digital age.
PROBLEM
Currently, there are three parties in the value chain: customers, capital entrepreneurs and insurers
The way the insurance industry works today does not satisfy the needs of these parties.
1. At present, there is a lot of bureaucracy, and time for the market is measured in a few years. The product creator and the customer are too far away.
2. The new period brings new risks and customer expectations. The insurance industry does not cope with the needs of customers.
3. Investments in insurance are open only to institutional investors. This means that retail investors are smaller and have no way.
Decision
The black platform creates a whole chain for all those who provide transparency, democracy and efficiency for the insurance industry. He connects insurers with innovative ideas for the capital they are looking for. All policies are written on a block chain, which significantly reduces transaction costs and gives everyone the same playing field for doing business.
1. Insurance companies can create virtual insurance companies, receive financing and start distributing innovative insurance products. They can do it faster than now. The time to market is reduced from 2 to 2 months.
2. Customers benefit from new products that meet their needs. In addition, because transaction costs are lower, customers can enjoy a more affordable price. New and innovative products are entering the market faster. Customers have more choices.
3. Investors can syndicate the crowdfund syndicates without having to have a large amount of capital.
Even smaller investors can invest their investments in banks and receive income from a stable and reliable insurance portfolio.
CHANCE
Insurance companies have a commission for administrative expenses and net profit from the gross written premium. The industry average is 20%.
Black can reduce costs by 5-10% when using blockchain technology.
HOW IT WORKS
* Entrepreneurs list their insurance products. * Investors can create and use investment syndicates by investing in tokens and distributing capital between different products. The policy is written in the block as a smart contract. * Users have access to immutable data (premiums, sold, claims, profits ) on the platform. * The profit is automatically distributed between the holders of the tokens.
Black Insurance will release two types of tokens:
Black Land Token (CPM: utility tokens) expands the infrastructure, provides access to systems, financing and technical choices for the development of future platforms. All users must pay in CPM to make transactions on the Black platform, so the more business on the Black platform, the higher the demand for CPM.
Black Synticate token (BST, security token) (to be published later when the platform is ready) .BST, one per syndicate, the token cap depends on the required amount of capital. BST is an investment in insurance capital that generates income based on the profitability of the insurance portfolio into which this particular syndicate invests. BST signs are security tokens supported by currency.
WHO IS IT
Black Insurance is a B2B platform. He changes the order of insurance - the way of developing and capitalizing insurance products. It was created for participants of the insurance industry, including brokers, MGAs, insurance companies and investors.
Milestones
HARD SQUARE $ 45 MILLION
Using Token & Distribution tools
command
The team includes veterans of the insurance industry and experts on the blockbuster. This is an excellent mixture of knowledge in the insurance industry, experience in blockchain technology and crypto space. The founder has more than 18 years of experience in insurance software and sees an urgent need for solutions that will democratize the field with the help of technology. Meet the team.
For more information and to join the current BLACK INSURANCE project, visit some of the following links / sites:
Website: https://www.black.insure/
Twitter: https://twitter.com/BlackInsure
Facebook: https://www.facebook.com/blackinsure
Telegram: https://t.me/blackinsurebot
Bitcointalk: https://bitcointalk.org/index.php?topic=3379115.0
AUTHOR:Gambangcity
ETH:0xbd4e6B6E19c55D117badfa5C218Ae03263df6072
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