Overview of InsurePal

  • InsurePal’s blockchain business transactions module, using a smart contract, would permit two parties to form an upfront agreement in which they specify the terms and conditions of their transaction, the penalty for breaching a contract, and what to do if a dispute can’t be resolved, according to a commentary on the InsurePal site.
  • InsurePal is a revolutionary new approach to insurance that harnesses the power of the Ethereum blockchain to create a platform that will improve transparency and outcomes for both insurers and insured and will address business-to-customer as well as business-to-business segments.
  • InsurePal model improves the segmentation and risk selection process; a decades-last- ing issue for insurance companies and insurance clients alike and most importantly, en- hances the trust that flows horizontally among peers, friends, colleagues and business partners.
  • InsurePal is working on the development of this platform for four alternative genres of the insurance space—car insurance, property insurance, blockchain business insurance, and healthcare insurance being the first iteration of InsurePal’s application portfolio.
  • InsurePal, a new peer-to-peer insurer offering lower premiums for those able to gain ‘social proof’ guarantees from friends and family, has successfully raised £15m in an Initial Coin Offering (ICO) to fund its UK motor launch in H1 2018.
  • InsurePal is building a self-adjusting, lean blockchain-based platform that uses peer pressure (social proof) to stimulate better behavioral patterns that not only benefit policyholders but also works to change society for the better.
  • InsurePal knows that the combination of social proof and blockchain technology, which include the smart contract and storage of social proof information on a distributed ledger, will have a huge impact on the insurance world.
  • InsurePal, led by former Direct Line chief operating officer and Lloyd’s veteran, apparently completed the Crowdsale campaign in less than 2 minutes
  • InsurePal ICO completed on 16.01.18 — it took 23 seconds and the company had to return more than $120M back, as demand was off the charts.
  • Insurepal value is up 18.seventy three% in the final 24 hours and seems to maneuver upwards by 31.24% based on last hour transactions.
  • Blockchain

    The business model allows InsurePal global platform to scale quickly and disrupting both, the traditional and niche segments by firstly creating social proof insurance modules for blockchain business transactions and motor car insurance, followed with the development of social proof modules for life, health and property segments as well.


    A portion of the millennial group are actually responsible drivers, and InsurePal will target this demographic by using knowledge gained from the friends, family, and colleagues of potential policy holders in order to determine their driving habits and personal responsibility characteristics in an objective manner.Millennials are a logical choice as they have high premiums but little income.



    Mattereum and InsurePal today signed a letter of intent to collaborate in using blockchain to empower individual users of the technology, recognising that public and individual trust is central to the future of widespread acceptance of the blockchain, a digitized, decentralized, public ledger of transactions.

    What is InsurePal token?

    The token is abbreviated to IPL.It will work as fuel for the InsurePal platform which will be used by clients and third-party business partners all around the world.It is an application specific token developed on top of the existing Ethereum blockchain that allows returning users the value of the InsurePal insurance network.There are many other tokens, such as the LH Token, WePower, MedTokens, Fabric Token, Joinwell, NAGA, ILCOIN which are also based on Ethereum.The IPL token will be utilized for every new insurance premium conducted through the platform.The tokenizing property will enable the platform to uniquely identify the insurance assets and transform the information into different types of businesses by digital records and information containing one’s social proof.The platform will include different methods to reward the participants so that they will use it.The token will be listed on different exchanges to make the trading process simple and enhance its availability to broad audiences.

    Insurepal / USD Forecast, IPL price prediction: Buy or sell Insurepal?

    IPL Price is 0.00377 USD today.

    Distributed Social Proof Insurance: The Next Industry Game-Changer?

    InsurTech startup InsurePal is developing an insurance platform that aims to revolutionize the industry’s model for risk selection and fraud prevention by “social proofing” insurance products.

    Will InsurePal hit 5 USD in a year?

    Not within a year.See above.

    Are electric cars really that much better?

    Not too long ago, the idea of electric cars cruising our roads seemed like a far-fetched fantasy.Now, the rollout of electric vehicles worldwide has taken the market by storm, with major selling points including fancy hardware and big touch screens, low running costs, and a reduced environmental impact.

    Fleet Management beyond 2020 – Will there be consequences?

    Covid-19 has forced many companies and industries to change the way that they use their fleets.

    Do you want to know how much you can save with Teams Approach?

    Let us explain the specifics.

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    How to find new cryptocurrency projects?

    One of the biggest challenges in the crypto space is to find the right projects at the right time.There are hundreds of projects launched…

    What is the IPL liquidity pool?

    The platform utilizes various incentives and means to motivate the participants.As discount conversion to tokens will be incentivized, InsurePal will have to convert the percent of every new premium into IPL tokens and return token to the clients of InsurePal and their social proof endorsers.All third party business such as telecoms, retailers, etc.selling their social proof through the platform will be obliged to utilize IPL tokens and trade with them on exchanges.

    What is the Government Fee?

    The trademark government fee is paid to the government trademark office.Government fee will be charged separately at the time of filing
    when attorneys complete your trademark legal work,
    finalize the filing details with you
    and ready to submit your trademark to the trademark office.

    Will InsurePal price grow / rise / go up?

    No.See above.

    Will InsurePal replace / surpass / overtake

    According to our predictions, this won’t happen in near future.

    What is
    the InsurePal price today?

    The current price of InsurePal is
    0.00397 USD today.

    Will InsurePal price drop / fall?

    Yes.The price of InsurePal may drop from
    0.00397 USD to
    0.00188 USD.The
    change will be

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    Will InsurePal hit 10 USD in a year?

    Not within a year.See above.

    What are the other words in which this page can be defined?

    Note: This predictions/forecast are done using various different types of Algorithms applied on the historical price of InsurePal (IPL) .We do not give any guarantee of the same.Avoid using this predictions/forecast for financial investment strategy.

    What does Covid mean for carbon emissions?

    High carbon emissions have plagued our planet ever since the industrial revolution began nearly 300 years ago.Global carbon emissions remained sky high in 2019, landing at a total of 33 gigatonnes.Could a global pandemic be the answer to skyrocketing carbon emissions? Covid-19: A blessing in disguise? It has been a hectic year.

    What is InsurePal?

    InsurePal is a next generation of peer-to-peer insurance based on social proof endorsements, fully harnessing the power of blockchain innovation.InsurePal token (IPL) will be the fuel of the InsurePal platform, used by clients and third-party partners worldwide.It is an application specific token, built on top of existing Ethereum blockchain, allowing us to give the users back the value of the InsurePal insurance network.

    What makes InsurePal social proof platform different from others?

    The basic features of the InsurePal social proof platform that will slowly become the “internet of insurance” are tokenization and decentralization.According to this, all the underwriting of insurance policies, social proof, payment system, and claim handling are allocated with the help of the smart contracts’ application which runs on the Ethereum public blockchain.

    Will InsurePal crash?

    According to our analysis, this can happen.

    Will InsurePal hit 1 USD in a year?

    Not within a year.See above.

    History of InsurePal