Insurance is broken: it's expensive, complicated and slow to meet customer needs. It's because all decisions are made by a handful of people in a small number of big insurance companies, riddled with bureaucracy. Black is going to fix insurance by introducing a democratic, blockchain-based marketplace for creating virtual insurance companies that can design and sell their own, innovative insurance products. These products will be backed by security tokens issued in the future ICO-s, allowing crypto investors to tap into insurance profits. Since blockchain enables to turn administering of insurance policies Â much more efficient, these products will also be less expensive and provide more profit upside. Black Insurance is one of the most ambitious ICO backed company since it addresses the entire $4 trillion insurance market. Our team, comprised of seasoned insurance and technology executives, stands prepared to take advantage of this opportunity. Black is currently the only blockchain / insurance startup addressing the biggest and still most wasteful part of the insurance industry: creating and capitalizing insurance products. All insurance products in the world need to be created and capitalized, and currently it can only be done through centralized, wasteful and slow insurance incumbents. We're adding a third option. Most other blockchain based insurance startups are either addressing one particular product line, or one small, often relatively insignificant part in the insurance value chain. Black works with any insurance product, and with the biggest and most important part of the value chain.