InsurePal
InsurePal
Token: IPL


Distributed social proof insurance

ICO dates
Start date: 2018-01-16
End date: 2018-01-16

Registrated in: Liechtenstein

Platform: Ethereum
Type: ERC20

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https://insurepal.io/ Screenshot
InsurePal categories
Business services Infrastructure Platform
InsurePal whitepaper
Video
InsurePal token sale
KYC passing required No | Whitelist No | Restriction for countries No
Soft cap 5,000,000 USD
Hard cap 18,000,000 USD
Tokens for sale 201,000,000
Token distribution in ICO
67%
67%
Price 1 IPL = 0.10 USD
Acceppting ETH
Bonus in ICO

10% for
- those who contribute in first 96 hours
- those who contribute over 50 ETH

InsurePal news, social
InsurePal search trends in Google
Random whitepaper excerpts

TO OUR FELLOW SUPPORTERS
InsurePal itself is not a
licensed insurance provider.
Any insurance activity will
be done in cooperation
with the licensed insurer
on local markets. The
company is building a global
blockchain-based platform,
enabling social proofing to be
conducted in numerous ways
across different industries.
We strongly believe that decentralized trust will unlock a decentralized future. We are en-
tering the next phase of the internet with many blockchains reshaping traditional economic
models to become largely self-regulating. Thus, the need for a centralized institution is be-
coming redundant. In this aspect, InsurePal challenges the insurance industry of today with a
decentralized, self-regulating social proof insurance platform with perhaps the most innova-
tive model of risk selection.
Today, every segment of insurance is ultra-competitive with entrepreneurs exploring new
ways to price risk, creating new types of premiums and servi...

PROJECT OVERVIEW
InsurePal is a self-regulating, social proof insurance platform based on social proofing
and decentralization. To protect the intellectual property behind InsurePal, a worldwide
patent has been filed, giving then InsurePal platform a unique opportunity to become
“the go to” platform for insurance based on social-proof.
“A patented solution gives InsurePal an unique competitive advantage. All the third-par-
ties that would want to adopt the social proof methodology will be obliged to use Insure-
Pal platform solution, as any other form of use can be considered an infringement.“
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. Hav-
ing 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 sol...

Moreover, with a module for blockchain-made agreements, InsurePal will assure a final
compensation to the insured client in case the other party breaches the mutually set
arrangement, namely when the agreed service is not performed within the set dead-
line, quality and other conditions stated in the smart contract. It too will use the basic
principle of social proof, meaning that the compensation will partly be covered by the in-
surance company and partly by the endorsers, putting social pressure on all the signing
parties and quickly eliminating those that violate the terms. The embedded seriousness
of such an agreement will guarantee the transactions between the parties are being
carried out with the utmost responsibility. Significantly better segmentation and incen
-
tives to change behavior guarantee a marked reduction in insurance premiums, leading
to the insurance to become widely acceptable for the majority of blockchain business
transactions.
The growing value of InsurePal social p...

MISSION STATEMENT
InsurePal itself is not a
licensed insurance provider.
Any insurance activity will
be done in cooperation
with the licensed insurer
on local markets. The
company is building a global
blockchain-based platform,
enabling social proofing to be
conducted in numerous ways
across different industries.
InsurePal aims to become a first-of-a-kind blockchain-based decentralised insurance
platform powered by social proof guarantee. We’re dedicated to build a modern insur-
ance product that reflects the historical roots of insurance, where a smaller group of
acquaintances agreed on a mutual method of sharing the burden of risk based on trust.
We wish to return insurance back to its core value of trust and consequently expand
the mindset of mutual reciprocity. As InsurePal model is self-regulating and therefore
ideal for blockchain implementation, we’re decided to not only address the insurance
challenges of today, but encroach upon those ni...

USER CASE 2
INSUREPAL FOR BLOCKCHAIN BUSINESS TRANSACTIONS
Andrew and Susan want to make a business transaction,
but don't completely trust each other.
They sign a smart contract defining breaching penalty,
arbitrage body and arrangement’s due date and insure
their business transaction with InsurePal.
ARBITRAGE
If their business arrangement doesn't
happen in due time and leads to a more
challenging dispute, they begin with an
arbitrage.
The arbitrage determines who
breached the contract and sets the
amount of penalties for InsurePal to
cover.
The compensation is paid even if
Susan's or Andrew's identity remains
anonymous or is false.
Andrew and Susan share the same interests, but live on the other side of the world. They want to make a business transaction to exchange goods, but don’t
know and trust each other well enough. InsurePal blockchain business transactions module allows them to craft an upfront agreement in which they specify

PROBLEM
ORGANIZATIONS’ BIGGEST OPPORTUNITIES IN THE NEXT 2 YEARS
What are your organization’s biggest opportunities in the next 2 years?
60%
48%
Customer data analytics to improve
underwriting, pricing and marketing
26%
Cost reduction initiatives
18%
Changing consumer
needs
3%
Biometrics for claims management
and/or cyber security
26%
Improving operational processes
and the use of technology
44%
Better use of capital and
management of risk
6%
Wearables & the Internet of
Things (IoT) including telematics
52%
Strengthening customer
loyality
18%
Digital technology and integration
into business objectives
Mergers & acquisitions
to improve market position and economies of scale
Source:
A new world of opportunity
Poor risk management
Bad market segmentation
Invasion of privacy
Complex regulation
Expensive trackin...

SUPPLY SIDE: INSURANCES
Insurance is a service to manage risk, representing a fundamental block of society. By its
nature, it is risk averse but at the same time, it represents a complex labor-based busi-
ness model with a workforce increasing gross expenses. The traditional sector is run by
large networks with thousands of employees and the vast cost of daily operations and
binding contracts preventing them from agility. However, many of their activities are re-
petitive or redundant without creating value and could easily be replaced by automated
data-driven software and further by self-regulating peer-to-peer insurance models.
Insurance companies should be more concerned with timely anticipating solutions to
the challenges brought about by the new digital era, greatly marked by blockchain inno-
vation. In this respect, a key factor is the element of trust, since it can preserve credibil-
ity and greatly enhance blockchain-based operations.
Continuing the theme, as insurers play a vital role in s...

MARKET
OVERVIEW
According to
Forbes,
the insurance sector is a $7.3 trillion business worldwide industry
that has somehow managed to remain largely untouched by technological change. A
close look to traditional insurance (e.g. motor line of business) company P&L tells that
for every premium dollar paid to the insurer, $0,65 comes back to policyholders in form
of exaggerated claims and misstated data, whereas the other goes to operational costs,
commissions and marketing. In other words, the insurance could reduce the price of the
policy if the scheme would allow it to operate with low-risk clients only.
HOW PREMIUM DOLLARS ARE SPENT
12%
Admin cost
7%
Marketing
4%
Non-investment profit
Source: Insurance:
$7 Trillion Goliath. Forbes.
10%
Agent commissions
2%
Re-insurance fees
65%
Claims & claims adjustment
Consequently, new entrants, technologies and business models based on a shared econ-

InsurePal Roadmap

1
2015 Social proof and first round of funding
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.
2
2016 US & worldwide patent
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.
3
2017 Core team & ICO preparation
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.
4
16 January
IPL token crowdsale
5
2018 Platform launch & extended blockchain features integration
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.
6
2019 and on Global expansion & B2B partnerships growth
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.
Matt Peterman
Matt Peterman Co-founder & InsurePal CEO

Tom Volk
Tom Volk Co-founder

Thomas B. Manson
Thomas B. Manson Chief Insurance Officer

Adam Parker
Adam Parker Chief Marketing Officer (CMO)

Gavin Conway
Gavin Conway Chief Growth Officer

Matjaz Rakovec
Matjaz Rakovec Chief Operation Officer (COO)

Alexander Solomonov
Alexander Solomonov Chief Financial Officer

Robert Kovacic
Robert Kovacic Chief Compliance Officer

Daniel Bieusz
Daniel Bieusz General Legal Counsel

Maxim Streltses
Maxim Streltses Chief Financial Officer UK

Damian Arnold
Advisors Damian Arnold Insurance & Operations Expert

Tomislav Mučič
Advisors Tomislav Mučič Senior Blockchain Consluntant

Corey Cohen
Advisors Corey Cohen Marketing Specialist

Euan King
Advisors Euan King Senior Insurance Expert

Aleš Tomažin
Advisors Aleš Tomažin Blockchain & Business Development Expert

Andrej Plankar
Advisors Andrej Plankar Blockchain Business Consultant

Tomaz Furlan
Communications Tomaz Furlan Blockchain Expert & Crowdsale Project Manager

Tanja Bivic
Communications Tanja Bivic Communications & PR Consultant

Melita Gulja
Communications Melita Gulja Communications & Content Creator

Sebastjan Pirih
Communications Sebastjan Pirih Digital Marketing Consultant

Igor Zgonc
Communications Igor Zgonc Blockchain Business Consultant

Rok Kunej
Communications Rok Kunej Communications & Marketing Specialist

Matjaz Šircelj
Communications Matjaz Šircelj Community Manager

Matjaz Sircelj
Matjaz Sircelj
Digital PR and Social Media Consultant
Igor Zgonc
Igor Zgonc
Blockchain Business Consultant
Blockchain Consultant
Blockchain Consultant
Melita Gulja
Melita Gulja
Communications & Content Creator
Communications and Content Creator Consultant
Tanja Bivic
Tanja Bivic
Communications & PR Consultant
Public Relations
Andrej Plankar
Andrej Plankar
Blockchain Business Consultant
Blockchain Consultant
Blockchain Specialist
Blockchain Business Consultant
Blockchain Consultant
Aleš Tomažin
Aleš Tomažin
Blockchain & Business Development Expert
STRATEGY ADVISOR
Tomislav Mucic
Tomislav Mucic
Blockchain Consultant
Blockchain auditing / Slovenia
Senior Blockchain Consultant
Blockchain Consultant
Tomislav Mučič
Tomislav Mučič
Senior Blockchain Consluntant
Blockchain Consultant
Blockchain Consultant