InsurePal

A self-regulating, social proof insurance platform

Ended

2018/01/16 - 2018/02/05
ICO
InsurePal
Token
IPL
Price
1 IPL = 0.1 USD
Platform
Ethereum
Accepting
ETH
Bounties
Available
Bonus
Available
Soft Cap
5,000,000 USD
Hard cap
18,000,000 USD
Country
Liechtenstein

The introduction of social proof as a self-regulating psychological phenomenon allows InsurePal to nurture a scheme of lower-risk individuals, consequently decreasing their premiums by up to 50%, whilst fully harnessing the power of blockchain technology. Having the ability to offer an attractive end-to-end product for an incomparably lower price is our guarantee for success, as well as a proven solution that will attract only the diligent and responsible into our business model.

Every day, the blockchain wave is gathering strength. With more and more concrete initiatives, either alone or in association with their peers, business partners, clients or suppliers, it gives foundations to a birth of a booming new economy in the years to come. The new golden era will begin as soon as the trust between parties doing business on blockchain is established on an adequate level.

InsurePal model improves the segmentation and risk selection process; a decades-lasting issue for insurance companies and insurance clients alike and most importantly, enhances the trust that flows horizontally among peers, friends, colleagues and business partners. The most suitable expression for InsurePal using insurance terminology would be “a third-party deductible”. It is proven that a classic deductible reduces insurance claims frequency due to the clients’ imposed self-evaluation. From this fact InsurePal proceeded when re-inventing an InsurePal third-party deductible into a third-party evaluation with introducing social proof. By doing so, InsurePal managed to objectivize the evaluation process itself.

Team Members

Matt Peterman
Co-founder & InsurePal CEO
BsE
 

Tom Volk
Co-founder

 

Thomas B. Manson
Chief Insurance Officer
BsP
 

Adam Parker
CMO
PPE
 

Gavin Conway
Chief Growth Officer
BsE
 

Matjaz Rakovec
COO
BsE
 

Alexander Solomonov
Chief Financial Officer

 

Robert Kovacic
Chief Compliance Officer
LLM
 

Daniel Bieusz
General Legal Counsel

 

Maxim Streltses
Chief Financial Officer UK
BSc
 

Matt Peterman
Co-founder & InsurePal CEO
BsE
 

Tom Volk
Co-founder

 

Thomas B. Manson
Chief Insurance Officer
BsP
 

Adam Parker
CMO
PPE
 

Gavin Conway
Chief Growth Officer
BsE
 

Matjaz Rakovec
COO
BsE
 

Alexander Solomonov
Chief Financial Officer

 

Robert Kovacic
Chief Compliance Officer
LLM
 

Daniel Bieusz
General Legal Counsel

 

Maxim Streltses
Chief Financial Officer UK
BSc
 

Advisors

Damian Arnold
Insurance & Operations Expert

 

Tomislav Mučič
Senior Blockchain Consluntant
BsE
 

Corey Cohen
Marketing Specialist
BsE
 

Euan King
Senior Insurance Expert
BsE
 

Aleš Tomažin
Blockchain & Business Development Expert
PHD
 

Andrej Plankar
Blockchain Business Consultant
BsC
 

Damian Arnold
Insurance & Operations Expert

 

Tomislav Mučič
Senior Blockchain Consluntant
BsE
 

Corey Cohen
Marketing Specialist
BsE
 

Euan King
Senior Insurance Expert
BsE
 

Aleš Tomažin
Blockchain & Business Development Expert
PHD
 

Andrej Plankar
Blockchain Business Consultant
BsC
 

February 2, 2014

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

February 2, 2014
May 10, 2015

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

May 10, 2015
June 21, 2016

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

June 21, 2016
Dec 2015
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.
Dec 2015
Dec 2016
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.
Dec 2016
Dec 2017
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.
Dec 2017
Dec 2018
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.
Dec 2018
Dec 2019
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.
Dec 2019