Quote from: jlp on October 20, 2017, 01:31:55 AM

Quote from: Leo Mor on October 19, 2017, 10:31:05 PM

New technologies that are brought to the market: smart-contracts technology, information stored in public Blockchain, risk segmentation through scoring system, machine learning technology supported by Microsoft (our partner), oracles concept connected to IoT.

They mean nothing unless they improve business metrics, such as improving the combined ratio by X% or improving the returns on investment of the premium pool by Y%, and you can prove these with references.

Quote from: Leo Mor on October 19, 2017, 10:31:05 PM

Insured member pool will invest his premium into mutual pool represented by smart-contract in Blockchain.

So, who is deciding which investments (Bitcoin, stocks or fixed-income) to make? The insured member pool or the smart contract? If its the smart contract, how will it pick the investments?

Quote from: Leo Mor on October 19, 2017, 10:31:05 PM

Car crowdsurance claim adjustment can be realized through telematic hardware connected to smart-contracts to know exactly if the accident happened.

What percentage of cars are currently hooked up with telematics that can detect damage? Are you going to turn away customers that dont have telematics in their cars?

Quote from: Leo Mor on October 19, 2017, 10:31:05 PM

Here the information about the claim is stored safely in Blockchain.

Are you saying that claim info is not stored safely? Ive rarely heard that this is a business problem in the insurance industry.

Quote from: Leo Mor on October 19, 2017, 10:31:05 PM

As i said before even if the crypto went down for a month, still all the accidents don't happen at once.

Bitcoin can go down 40-50% for 2 years. Youll likely need to pay claims in that time.

Quote from: Leo Mor on October 19, 2017, 10:31:05 PM

And about our "not going deeper" in insurance market, let me point out that Team members been working in insurance companies and banks for more than 15 years. Head of the biggest Insurance company in Russia Sberbank Insurance is part of the Advisory board, as well as Jake Diner, insurtech professional from Silicon valley.
Please investigate.

As per your request, I investigated. According to LinkedIn, REGAs CEO, CMO, COO and CFO have never worked in insurance. REGAs CTO and Chief Architect have no LinkedIn profiles. With all those people and fancy pretentious titles, they cannot get one person experienced in insurance?

They are asking people to give them money to build an insurance business, when they have little understanding of insurance. In addition to this, they are misleading people when they try to make them think that risk is not currently shared. Like many ICOs, REGA is claiming business problems that do not exist.

According to LinkedIn, the CEO was an "Ethereum enthusiast" before starting REGA. You mentioned the Advisor in insurance. If an accountant tells you that he can do surgery because he has an Advisor who is a doctor, would you let him cut open your heart?

Ok, got it, no voice of reason here, just a prejudice.
Thank you for your opinion