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ICOs 6,625

Black Insurance

ICO Ended
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Market Place for Insurance Brokers and Investors. Insurance is broken: it's expensive, complicated and slow to meet customer needs. 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.

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

8.1
TOTAL SCORE
8.1
ICO PROFILE

(weight: 45%)

7
SOCIAL ACTIVITY

(weight: 35%)

10
TEAM PROOF

(weight: 20%)

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General
Website: Visit
White paper: Read
Pre-sale Time: 01 Oct 2018 - 31 Oct 2018
ICO Time: 01 Nov 2018 - 30 Nov 2018
Country: Estonia
Token info
Ticker: BLCK
Platform: Ethereum
Token Type: ERC20
Available for sale: 25 BLCK (32%)
Financial
ICO Price: 0.2000 USD
Accepting: BTC, LTC, ETH
Hard cap: 5,000,000 USD
March 2018

Platform tech demo using Fabric+Composer.

April 2018

Whitepaper, Released to Public.

May 2018

MVP, Demo ready for Investors.

June 2018

Black DAO launchedn on Ethereum.

August 2018

Alpha, Platform accepting first Users.

October 2018

ICO

January 2019

BLCK token listed on exchange(s)

March 2019

First Syndicate management agreement signed

Fall 2019

Beta, Platform ready for pilot projects

December 2019

First insurance policy sold

2010

Black gets its own insurance license in EU

2022

$300 million insurance premiums sold

2030

Black's model of insurance becomes mainstream

Screenshots taken on 29 May 2020
Risto Rossar
CEO and Co-Founder
Participates in several projects
Bundeep Rangar
Co-Founder
Participates in several projects
Mart Parve
COO
Participates in several projects
Chris Williams
CTO and Blockchain Solution Architect
Participates in several projects
Liina Laas-Billson
CBDO
Participates in several projects
Peep Paum
Product Manager
Participates in several projects
Triinu Murumäe
Marketing Manager
Participates in several projects

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