InsureBlox

🔰 INSUREBLOX - PROGRAMMABLE INSURANCE for CONNECTED INDUSTRIES 🚢 🚚. ✈️ PIONEERING THE FUTURE of COMMERCIAL INSURANCE 🔰 🔰 OUR VISION: We make insurance easy and fast for commercial customers by replacing traditional (legal fine print) insurance contracts with programmable, smart insurance contracts. ➡️ We transform insurance contracts from "documents of failure" into "operative instruments". 🔰 OUR GOAL: Bridging engineering and insurance, we deploy programmable insurance solutions for commercial customers that help them safe money and time, using IoT data, AI analytics, and blockchain. We are starting with IoT-based business interruption insurance. 🔰 Currently, we are focusing on innovative parametric coverages for business interruption risks like machinery break (in maritime), energy outages and disruptions in the supply chain. We are leveraging IoT sensor data, advanced AI analytics, and blockchain automation. 🔰 HOW WE WORK: Traditional insurance products are often not transparent, expensive and despite the urgency, claims are processed slowly. At the forefront of artificial intelligence for risk modeling, we challenge the status quo. We apply new technologies such as image recognition or machine learning combined with new generations of data sources, coming from satellites or IoT, to assess and manage risks. This makes our products fairer, since all pricing and underwriting is based on advanced data, faster and more accurate at paying claims. Our approach is parametric - clients know exactly which event triggers what payment. 🔰 ABOUT: We will be founded as a GmbH in Cologne, Germany, in early Oct/Nov 2023, acting as a tech-enabled MGA. We are a team of 10 people from Germany, Paris, Switzerland and Romania. Not all of them are visible yet, as we are fully bootstrapped as of now. Please stay tuned.