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Black Insurance logo — company profile

Black Insurance

Founded 2017 Estonia Estonia 1 employees Venture round Total: $1.00M Blockchain, Financial Services +1

General Information

Company Name Black Insurance
Founded Year 2017
Location Estonia Estonia
Employees 1
Industries Blockchain, Financial Services, Insurance
Funding Stage Venture round
Social

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About Black Insurance

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.

Business keywords: digital insurance, blockchain technology, insurance industry disruption, insurance platform, decentralized insurance, insurance technology, insurance innovation, insurtech, insurance marketplaces, insurance brokers, MGA (Managing General Agent), insurance product design, claims handling, customer-centric insurance, scalable insurance business

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round Undisclosed 1
Kinled Holding Ltd
01 Jan 2020
Seed Round €1.00M 3
London Co-Investment Fund, Concentric Partners +1
01 Jun 2018

Black Insurance Alternatives & Competitors

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Black Insurance vs
Setoo
Setoo United Kingdom

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Black Insurance vs
Boost
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Black Insurance vs

claims made easy

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FAQ About Black Insurance

Black is a digital insurance company on blockchain. Our platform connects insurance brokers directly with capital enabling them to launch their own virtual insurance companies. Thus removing the trusted third parties (Insurance Companies) from the value chain. We have been in the insurance industry...
Black Insurance was founded in 2017.
Black Insurance is headquartered in Estonia.
Black Insurance operates in Blockchain, Financial Services and Insurance. Its work centres on digital insurance, blockchain technology, insurance industry disruption and insurance platform.
Black Insurance has approximately 1 employees.
Black Insurance has completed 2 funding rounds, raising a total of $1.00M. The latest funding stage is Venture round.
Top alternatives and competitors to Black Insurance include Setoo, Boost, claimBuddy - by claimbird GmbH, Thinkseg, RightIndem. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Black Insurance and Setoo are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Black Insurance, https://bouncewatch.com/company/black-insurance, updated 20 December 2024. When citing, please name BounceWatch and link this page.

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