InsurePal is a blockchain insurance company that works on what is called social proof, a concept introduced in depth in a prior article. It challenges current practices in the insurance industry which fail to provide a transparent and fair pricing model. Their platform connects responsible individuals in a peer-to-peer insurance relationship by introducing social proof endorsements. If a friend endorses you, they stake a sum of their choosing to be transacted in a claim should you have one. If not, by the end of the year the endorser walks away with a bonus along with the sum they placed. MorePowered by WPeMatico
