Quote from: diomiobadass on December 08, 2017, 12:26:10 PM

i just find out about Insurepal on twitter

it seems it's another high tech promising ICO in 2018 with Insurance category. Unique.

Does Insurepal have any other competitor? now already running or in cryptoworld (ico's) ?

Regards

Dion

Hi Dion! Thank you. Insurance industry today is divided into two branches: one is represented by traditional insurance companies and the other by insurtech startups targeting niche markets with high-technology solution. The first ones are extremely rigid while the latter often do not have the legislator licenses that would allow them an international presence and a faster growth. At this point, InsurePal biggest competitors come in the form of new entrants, introducing peer-to-peer business models and/or niche product based on technology (Lemonade, MetroMile, FriendSurance). However, there is still a gap between their scaled execution. To sum up, we are the only ones combining all: blockchain technology, peer-to-peer model and social proof methodology. The latter is an innovation in insurance for which we filed a patent protection in US and worldwide.