Description
On-demand services have enamoured the consumer. The pay-as-you-go subscription model is here to stay. Black.Insure helps insurance players accelerate the shift to flexible insurance subscriptions. Black.Insure is a configurable Insurance Ecosystem (Risk Platform-as-a-Service) allowing Insurance players e.g., Insurers or MGAs (Managing General Agents) to create and manage their risk portfolio, process claims, generate insurance premiums and underwrite real-time via machine learning in a flexible way by feeding in historic and behaviorial data. As ecosystems started accounting for more and more percent of the global revenue, Black.Insure is creating opportunities that have the potential to realign global markets, thus creating an era of “insurance services without borders”. The platform brings a 360 One-stop-shop solution for all Insurance & Risk stakeholders; thus creating an eco-system. It is also blockchain enabled, through decentralisation of the risk data, 'Peer Review' is achieved which is a critical part as the insurance data is critical to form the basis of underwriting and risk management.