Telehram

Distributed
social proof insurance

If your friends trust you, we trust you
Crowdsale begins on 16 January at 13:00 UTC
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Join us in a venture in what is to bring a complete change to the insurance as we know today!

Lightpaper Whitepaper

 

 

InsurePal is a next generation of peer-to-peer insurance based on social proof endorsements, fully harnessing the power of blockchain innovation. It aims to become the world’s first insurance service offering trust to members of the crypto community when transacting products and services.

 

The mechanism of social proof is applicable to different types of insurance, allowing us to intervene in completely new areas, brought-about with the blockchain innovation. By ensuring the financial compensation of a breached business agreement to the injured party we will greatly accelerate the quality and quantity of all future blockchain business transactions.

Latest news

Why support us?

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.

Mission

 

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.

7.6 billion world population
28 million remain uninsured in U.S. only $45 billion lost annually in the U.S & Europe because of fraud $386 a person could save yearly on a car insurance

 

7 trillion
total addressable market
70 billion
expected market share
340.000
average blockchain transactions per day
65%
of all fraudulent claims go undetected

InsurePal platform

 

Rather than insurances accommodating irresponsible clients, we’re building a platform that connects diligent individuals and helps them conclude mutual insurance.

The thing that makes InsurePal fundamentally different is the complete switch in paradigm. We think of blockchain as an ideal architecture for our innovation. Its implementation has a long-term horizon to fundamentally simplify the business processes and build a highly customer-centric product that is designed for the benefit of each diligent individual.

 

B2C

InsurePal will provide a customer-centric experience, allowing the end-users to easily navigate through the process and obtain the most favorable premium via their mobile dAPP.

B2B

InsurePal will act as a global platform, providing various social proof insurance modules. Interested third-parties will be able to use it stand-alone providers with a predetermined fee.

InsurePal crowdsale information

InsurePal will embed social proof in a form of financial commitment. The InsurePal token will allow the social proof process between different entities to take place using the distributed ledger.

 

  • Start of Token Crowdsale: 16 January 2018
  • Duration: 21 days
  • Token symbol: IPL
  • Token standard: ERC-20
  • Soft Cap: $5 million
  • Hard Cap: $18 million
  • Total supply: 300,000,000 IPL
  • Distributed in the crowdsale: 201,000,000 IPL (67%)
  • Token price: $0.10
  • Bonus allocation: 10 % for
    - those who contribute in first 96 hours
    - those who contribute over 50 ETH

*Pre-Sale: Whitelist, invitation only (max. 70% of all the IPL tokens can be sold)

The majority of IPL tokens will be available in a public crowdsale starting on 16 January 2018 with a minimum investment goal of $5.000.000 and maximum investment cap of $18.000.000.

Token usage

Tokenizing property will allow InsurePal to uniquely identify insurance assets and transform the information to other types of businesses via a digital record.

 

As an insurance of blockchain business transactions

The insurance and endorsements will be conducted in IPL tokens solely.

As an insurance premium discount

InsurePal will calculate the discount based on the clients` previous insurance policy.

As an upfront incentive

The endorser will receive an incentive for each social proof endorsement made.

As credit score and social proof score

Social proof will consist of relevant information on the insurance holder and will serve as their credit report.

As social proof identity

Clients holding IPL will be able to identify themselves within the community and exchange their social proof guarantee.

For claims adjustment

InsurePal may appoint some members of their InsurePal community to process and report on the claims.

Milestones

We have three years of work behind us to make sure InsurePal is ready for a blockchain future. We set our goals on the dot with the commitment to deliver our promise and preserve your trust.

Soft cap
$5 million
Platform core blockchain integration & first two social proof modules Worldwide patent
if the goal is not reached, the funds will be returned
$10 million
Additional modules & platform upgrade
Global marketing campaign
Hard cap
$18 million
EU passport licensee & MGA insurance license
UK pilot & Marketing campaign

Team

Founders

Matt Peterman
Co-founder & InsurePal CEO
Matt’s been working in insurance business and venture capital for over 15 years, investing and helping private equity companies grow. Currently, he is an executive and business developer for insurance detection company Salviol Ltd.
Tom Volk
Co-founder
Tom is a founder of Adacta Group, a company developing a proprietary insurance core system widely used by EU and Russian insurances. The company bootstrapped €25 million annual revenue and grown a network of 450 professionals in 7 different countries.

 

Executive managing team

Thomas B. Manson
Chief Insurance Officer
A financial services and investment professional and a prominent member of the Lloyd’s Syndicate with over 20 years of experience in Eastern Europe and the former Soviet Union. He is a renowned public speaker and a lecturer on advising on strategy and business tactics.
Adam Parker
Chief Marketing Officer (CMO)
A passionate brand-builder, innovator, and commercial leader with a track record of accelerated growth on consumer-goods businesses. At Procter & Gamble, he led startup and billion-dollar brands in the UK and internationally.
Gavin Conway
Chief Growth Officer
Previously worked as CMO at Neos Insurance, an insuretech start-up that combines preventative IoT technology with home insurance. As a co-founder of Beyond, a specialist Omnicom Media Group (NYSE:OMC) unit, he developed brands from ideation stage, through to global growth with the likes of Airbnb, Zopa (P2P Finance), BlaBlaCar (P2PTransport).
Matjaz Rakovec
Chief Operation Officer (COO)
Has more than 20 years of experience in the insurance industry, most recently as the CEO of Triglay, Adriatic region’s largest insurance group with €1 billion net written premiums. He has been awarded the accolade of Financial Manager of the year in 2012 and 2013 and is currently the president of Slovene Ice Hockey Association.
Alexander Solomonov
Chief Financial Officer
An experienced IT & financial services professional and a renowned public speaker, deeply involved in developing and promoting new IT solutions and other know-hows to financial industry, mainly oriented to insurance sector.
Robert Kovacic
Chief Compliance Officer
An experienced tax advisor, exercising sound judgement and risk managing with more than a decade of working experience. Specialized in corporate and personal income tax, cross border taxation and transactional taxation.
Daniel Bieusz
General Legal Counsel
Practicing law in Zurich, with extensive experiences with FINMA and FNM (Swiss and Liechtenstein financial market supervisors). In last two years he has been actively involved in blockchain as a legal advisor.
Maxim Streltses
Chief Financial Officer UK
Previously worked with Pairstech, Oppenheimer and UBS in advising high-net-worth institutional clients and managing portfolios. A dedicated professional with strong track record in investment and financial risk management.

 

Advisors

Peter M. Moricz
Strategy Advisor & Connector for the Blockchain Economy
Strategy advisor in the blockchain and regtech sector, conuseling numerous successful ICOs, including Viberate. With a background in compliance and risk management, Peter has over 20 years of comprehensive experience in derivative trading and investment strategies.
Damian Arnold
Insurance & Operations Expert
Previous COO of Direct Line (LON:DLG), in which time he oversaw the €550 million sale to Mapfre SA (BME: MAP) Overall he has 17 years’ track record of transforming business performance and enhancing value in both, insurance and technology sectors.
Tomislav Mučič
Senior Blockchain Consultant
A pioneer in blockchain with decades of experience in IT security and Project Development. As a true blockchain advocate he focuses on the architectural design and implementation of global protocols that will lay the grounding foundation for the future of business.
Corey Cohen
Marketing Specialist
Experienced co-founder/operator of ADjector LLP with a demonstrated history of working in the online media industry. Strong entrepreneurship professional skilled in SEO, Customer Acquisition, E-commerce, Digital Marketing and Data monetization.
Euan King
Senior Insurance Expert
Former CEO of 1insure, a $200M global provider of software-led solutions to insurers for policy management, claims management and analytics (owned by The Carlyle Group). Prior to this, he was instrumental in the successful expansion of Innovation Group (FTSE:TIG) to the US market.
Aleš Tomažin
Blockchain & Business Development Expert
Has over 15 years of experience in insurance. He is CRO at Sava Insurance Company and advisor to crypto companies. His main areas of daily activities are ERM, capital allocation, Solvency II, IFRS 17 and bringing business logic to start-ups in the process of pre and post ICO.
Andrej Plankar
Blockchain Business Consultant
Sees blockchain as the new digital alphabet that will rock the business world. With a degree in economics he is a good connoisseur of today`s industry challenges. He used his skills and logical mind in his previous career as a professional poker player. Today, he is a prolific entrepreneur and a blockchain expert, advising international companies.

 

Blockchain Team - Netis Group

Communications

Tomaz Furlan
Blockchain Expert & Crowdsale Project Manager
A rare example of an expert successfully translating ICT into a business language. He is a visionary with entrepreneurial mindset and an outstanding knowledge in the fields of project management, strategic planning and IT know-how.
Tanja Bivic
Communications & PR Consultant
Tanja has years of experience in communications management, working as editor-in-chief of Slovenia`s national TV. She`s providing strategic counsel and leadership to key stakeholders, directing them to relevant messaging and positioning within the crypto community. Holds a social work degree.
Melita Gulja
Communications & Content Creator
A digital native with years of agency experience in public relations and communications projects. She is excellent in developing and executing corporate strategy whilst manage messaging to help building and supporting company’s unique voice and reputation.
Sebastjan Pirih
Digital Marketing Consultant
With a strong focus, strategic mindset and a creative talent he is outstanding in developing out-of-the-box digital approaches in the fields of content marketing, social media and creative digital communications.
Igor Zgonc
Blockchain Business Consultant
Igor is a result-driven professional with an exceptional entrepreneurial spirit and in-dept knowledge of blockchain and crypto market. His company Silver Bullet Risk is developing innovative risk management solutions and consulting corporations in ways to achieve higher goals whilst reducing costs.
Rok Kunej
Communications & Marketing Specialist
Rok is a skilled wordsmith, disrupting digital communications in various roles for more than 10 years. His deep understanding of digital channels makes his messages delivered in time and in line with the user’s expectations.
Matjaz Šircelj
Community Manager
A communicator, digital PR and social media strategist, consultant and public speaker with two decades of experience in tech companies and advertising agencies. As a freelancer he is consulting international brands, organizing conferences and local entrepreneurial events.

 

Development

Jernej Srebrnic
Lead Blockchain & Software Architect
Jernej is a software engineer, architect and developer with more than 15 years of experience and a BSc degree. He is a master of Java SE & EE, lately focused on exploring blockchain technologies.
Tomaz Vodisek
Full-stack Lead Developer
A full-stack Java developer with over a decade of experience in developing business critical solutions in the fields of telecommunications and healthcare. Blockchain and dApps development are next milestones in his professional career.
Grega Stritar
Software Developer, CEO ta NeoLab
A software architect, entrepreneur and a blogger with a masters in information sciences. He is the CEO of a software studio Neolab, developing custom business solutions and business intelligence projects for various clients.
Spela Novsak
Full-stack developer
Spela is full stack developer, capable of developing complex business logic and back end code, but with a great affinity for front end development as well. Špela holds a BSc degree from the Faculty of Informatics and Computer science of the University of Ljubljana. When she is not coding she teach kids ballet.
Blaz Blokar
Blockchain developer
Young and promising developer, extremely passionate about blockchain and crypto related technologies. He is blockchain and Lynux sys admin, capable of handling challenging setup, configuration and system maintenance of key components on the chain.
Larissa Bobkova Lagudin
UX and web developer
Besides having a vast experience in programming and planning of digital systems, websites information architecture and applications, Larissa is an expert in digital marketing, consulting on planning, design, and implementation of digital solutions and training of users.
Sebastjan Dimnik
Project management & UX
Sebastjan is an energetic and motivated professional with experience in UX, business digitalization and project management. He is a result-driven team-player, building collaborative relationships whilst demonstrating responsible leadership.

 

 

Support Team
4 BlockChain devs
5 Senior devs
4 Junior devs
2 Sys admins
1 Security officer

 

 

 

Token crowdsale listings

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