InsurTech Futures: Start-up InsurePal to launch UK motor offering in 2018

blockchain-technology

Peer-to-peer insurer aims to raise £15m in funding through an Initial Coin Offering.

Start-up InsurePal has launched an Initial Coin Offering (ICO) with the aim of raising $18m (£15m) to fund its UK motor launch in 2018.

The peer-to-peer insurer, which uses the Ethereum blockchain platform as a technology base for transactions, stated that it will offer lower premiums for those able to gain ‘social proof’ guarantees from friends and family.

Key advisers to the company include former Direct Line chief operating officer Damian Arnold and Lloyds of London veteran Tom Manson.

An

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

A leap yeAR blog

On this different numerical day, Emmanuel Kenning takes a look at two sets of intriguing stats from the past month.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: