InsurePal platform brings out out the essence of trust in a smart digital way, improves the segmentation and betters the risk selection process. By enhancing trust among peers, it enables the social proof of an individual to be locked into the ledger. Therefore, it can and will self-regulate without the need of an industry-funded regulatory body, continuously allowing us to create new attractive solutions, addressing both, the insurance challenges of today and those of tomorrow.
TRANSPARENCYExposure to loss is reduced, risk is transferred to higher limits and revenues are settled by diversification.
SELF-REGULATIONThe platform is self-regulated as the individuals with riskier behavior are eliminated by their social contacts.
PEER-TO-PEER DATAAssessments among family, friends and colleagues guarantee objective and real-time segmentation.
COST REDUCTIONDistributed model brings significant discounts and is especially alluring to a generation with significantly lower income.
VIRALITYP2P endorsements reduce customer cost acquisition and the network grows virally with P2P promotion.
Blockchain represents a foundational technology that allows a moderate transition into a fully tokenized service, ensuring the highest level of quality, preserving the trust of all stakeholders and intuitively leading our clients to a new, decentralized internet of insurance.
The InsurePal platform will act as a global provider of various insurance module based on social proof mechanics. For the end user, the InsurePal decentralized app will serve as an entry point to our insurance ecosystem, whereas to the third-business parties the solution will allow white label partnerships to re-sell social proof insurance.