InsCoin for Knox Project
InsCoin for Knox Project
Token: INSC

The First Blackchain Based insurance company!

PreICO dates
Start date: 2018-06-23
End date: 2018-07-08

ICO dates
Start date: 2018-07-23
End date: 2018-08-30

Registrated in: Estonia

Platform: Ethereum
Type: ERC20


InsCoin for Knox Project token sale
KYC passing required No | Whitelist Yes | Restriction for countries China,USA
Soft cap 4000 ETH
Hard cap 39444 ETH
Tokens for sale 270000000
Token distribution in ICO
54 %
54 %
Price 1 INSC=0,0002 ETH
Price in PreICO 1 INSC=0,0002 ETH
Minimal investment 0.1 ETH
Acceppting ETH
Bonus in ICO 1st week PRE-ICO 30% 2st week PRE-ICO 25% PRE-ICO +30 ETH 10% PRE-ICO +50 ETH 15% 1-10 days ICO 20% 21-30 days ICO 10% 11-20 days ICO 15% ICO +10 ETH 5% ICO +30 ETH 10% ICO +50 ETH 15%

About InsCoin for Knox Project

"InsCoin for Knox Project" aims to establish the first insurance company that will accept a Crypto (INSC) for the payment of insurance premiums, and the first that, with the help of the blockchain, will solve the problem of falsification of insurance policies.

The KNOX project will be the first insurance company that merges the real world with the digital one using Blockchain technology, creating the most efficient and advanced structure in the sector, to find a solution to the problem of certification and anti-forgery of insurance policies. It will be the first ever to emit insurance policies both in smart-contract and traditional paper form.

With the smart contract the spread of false insurance policies is avoided because it is the same system that issues them after receiving the payment.

With the smart contract the company won't have delay in collecting credits, as the policy is issued only after receiving the payment. This factor aims to significantly improve the management of the company itself.

With the smart contract in the event of accidents the real judge who will decide whether or not to pay them is no longer the company, which could have an opportunistic behavior, but the blockchain system that, in a totally disinterested by the human opinion, will decide if this accident is compliant with the provisions in the policy.

This benefit will be the most important as it will increase the transparency of the company towards customers.

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Random whitepaper excerpts

The insurance sector is a mature sector that has its
origins in Italy in the fourteenth century. The
merchants began to insure the goods they
transported, due to the excessive presence of the
pirates. At the beginning these insurances were of a
verbal nature but in the fi>eenth century the first
insurance in the form of a policy began to appear: a
contract, made between the insurer and the insured,
in which all the clauses of the insured circumstance
appear. Arrived now in 2017 we are facing a mature
sector because almost all the circumstances present
in reality can be insured. The same sector enjoys a
very high producEvity based on the fact that, together
with the banking sector, it is a sector that will never
end. However, this should not be considered a simple
sector in which to work. Times change and even if the
object of insurance does not change, the method of
relaEonship between the insurer and the insured
person changes. It is...

Europe, even if it is not one of the main regions
where the concept of cryptocurrency has developed,
is perhaps the most evolved region in terms of the
insurance industry. In Europe we find a variety of
circumstances to insure that make it a single market
in which to move. Of course we strongly believe that
with the marriage between our company and the
world of cryptocurrencies there will be a strong
development of these laNer throughout the region.
This is because the security and insEtuEonalism of an
insurance company, as well as a bank, is second only
to a naEon.
As for the African market, our macroeconomic
analysis team places Africa first as the leading rising
conEnent in the insurance industry. CiEes must be
built, goods must be imported, globalizaEon must run
its course. Precisely in this scenario, made of both
macroeconomic and microeconomic factors, the
insurance sector must exist to intercede between all
these parts that lack trust and mu...

At the Risk Minds Insurance 2017 Conference taking place in Amsterdam in march 2017, how to manage cyberrisk
is unsurprisingly one of the issues on the minds of many insurance execuEves. It’s no secret that insurance is an
industry under pressure. Insurers are baNling operaEonal losses, the huge costs of digiEzaEon and an increasing
compliance burden, all of which are impacEng companies’ boNom lines. But the risk of cyberaNacks need not be
added to that list; insurers, like all industries, can – and should – take the opportunity to double down on their
defences now to ensure protecEon against cyberaNacks in the future. The frequency of cyberaNacks on business is
increasing dramaEcally. The number of reported aNacks rose by 58% from 2013 to 2016. Insurers are not immune
to this threat. insurers must rethink how cyberrisk is managed, and respond effecEvely and efficiently to the
enormous challenges posed by cyberrisk in 2017 and beyond. The Insurance Risk team at BCG has idenEfied a four-

Informa/on Security and Risk Strategies
Historically, IT security strategies haven’t goNen much aNenEon from management, and most companies have
significantly underinvested in this area. A return on security investment (ROSI) approach, rather than purely ROI,
can help assess which investments will do the most to reduce cyberrisk exposure. Companies should also create a
dedicated cyberrisk strategy – approved at board and management level – that is put in place by the CRO and that
feeds into the larger informaEon security strategy.
Risk Processes
As with all other types of insurance risk, day-to-day cyberrisk should be managed through four processes.
● Firstly, insurers need to idenEfy risks through an autonomous cyberthreat intelligence capability
● Secondly, they should measure risk through loss data collecEon and scenario analyses focused on the
underlying informaEon and communicaEons technology (ICT) assets and the exposure those assets have to
● Thirdly, a risk managem...

he complexity and challenges of cyberrisk require a holisEc approach and aNenEon at the highest levels of an
organizaEon. By increasing their understanding of cyberthreats and developing a solid cyberrisk management
framework, insurance companies will add another level of protecEon to their boNom line – a vital step for an
industry already fighEng baNles on mulEple fronts.
According to the Federal Bureau of InvesEgaEon (FBI), the annual cost of insurance fraud is approximately $40
billion, cosEng the average American family $400-$700 in increased premiums.
This info is related only to US market and give view of “abnorme” volume of fraud in the world
Now our challenge is precisely, using smart contract and blockchain, TO COUNTERACT the illicit use
of policies.therefore Knox will be a strict membership of CoaliJon Against Insurance Fraud.

The KNOX project will be the
insurance company
that merges the real world with the digital one using
Blockchain technology, creaEng the most efficient and
advanced structure in the sector, to find a soluEon to the
problem of cerEficaEon and anE-forgery of insurance
policies, as described above.
The Blockchain technology, born starEng from the
Bitcoin in 2008, is now used more and more widely in an
increasing number of cryptocurrencies, to allow the
creaEon of decentralized and disintermediate new
generaEon services. Blockchain in its public
implementaEons solves the fundamental problem of
creaEng a trustless and permissionless network, where
the parEcipants can consider valid a transacEon, and
therefore also a possible related cerEficaEon, thanks to
the consent mechanism generated by the system of
incenEves and disincenEves among the parEes involved.
The non-falsifiable cerEficaEon of documents is one of
the m...

The INSCOIN project intends to use, among the many
available, the Ethereum blockchain, which currently
presents the largest number of real used cases and
economy of services and transacEons currently in
operaEon. Ethereum makes available, using its
infrastructure and ERC20 technology, the creaEon of
digital private coins of controlled issuance (token) with
which it is possible to support an entrepreneurial project.
The sale of tokens allows companies to gather economic
resources necessary for the development of a project in
which the token itself will play a key role. The token in
this sense enables new technological possibiliEes that
offer “disrupEve” services. UnEl now there are over
24.000 tokens which have been issued using Ethereum
and the collecEon of capital from their sale has reached 4
billion dollars.
The goal of KNOX project is to reach, by exploiEng the
blockchain, a decentralizaEon of the whole insurance
system. DecentralizaEon means the t...

This is to create an exchangeable asset
(the INSCOIN token)
based on professional work and with the introducEon
of decentralizaEon gradually safer, which can allow those who hold it to use it for the services offered by the
company. With the introducEon of the
, this will first be sold through an ICO, and then an internal exchange
plaqorm will be introduced. Through this plaqorm the customer can buy the token, with the use of cryptocurrency
or real currency, to take advantage of insurance products offered by the company. As previously stated, the real
goal to make evoluEon happen is to create a decentralized system, the main feature will be the conversion of the
insurance policy from paper to a smart contract, the benefits of this conversion are very simple:
- With the smart contract the spread of false insurance policies is avoided because it is the same system that
issues them a>er receiving the payment.
- With the smart contract the company won't have delay in collecEng ...