Estonia
Black Insurance is a digital insurance company leveraging blockchain technology to revolutionize the insurance industry. By connecting insurance brokers directly with capital, the platform enables them to establish their own virtual insurance companies, eliminating the need for traditional insurance companies as intermediaries.
With over 18 years of experience in the insurance industry, Black Insurance aims to fundamentally transform the sector by streamlining the insurance process, making it seamless and effortless for customers. The platform operates as an insurance marketplace on blockchain, reminiscent of Lloyds of London, but without the associated costs, delays, and bureaucracy.
The company's approach involves generating insurance business through local MGAs, brokers, and agents, who are responsible for designing, pricing, and selling insurance products, as well as handling claims. This decentralized model makes Black Insurance scalable while bringing business decisions closer to end customers.
Founded in 2017 and headquartered in Estonia, Black Insurance secured a Venture Round investment on 01 January 2020 from Kinled Holding Ltd, signifying confidence from the investment community in the company's vision and potential within the Blockchain, Financial Services, and Insurance industries.
