Business idea

The team behind Black Insurance believes that insurance nowadays presents a big problem for the world, failing to meet the need of customers. Apart from the corrupt bureaucracy, insurance companies create one-size-fits-all offers, not enabling brokers to customize insurance products and present them to the customers.


This is where Black Insurance comes in and, by using a decentralized technology, will try to make the whole process more democratic, allowing the brokers to create their custom insurance product and virtual insurance company. These products will be fueled by the security tokens that will be sold during the ICO.


Token Information

Their token is Ethereum-based and its symbol is BLCK. The pre-sale is scheduled to start on July 7, 2018, and it will last for 30 days. If you are quick and decide to buy coins in the pre-sale, you will catch the 25% discount during the first week and 20% until the end of this part of the sale.


The soft cap is $2 million, while the hard cap goes as high as $45 million. A total number of 471,082,090 BLCK will be issued and the price of 1 BLCK is currently valued at $0.2. In order to enter the presale, you need to make a minimum purchase of $100 with one of the accepted cryptos - BTC, LTC, and ETH. Undistributed tokens will be destroyed.


The distribution of tokens will differ in regard to the amount raised.


If more than $2 million is raised:

  • 35% for IT and development
  • 20% for reserve and unexpected costs
  • 20% for marketing and sales
  • 15% for admin and operations
  • 10% for legal services


If more than $10 million is raised:

  • 30% for licensing insurer
  • 20% for marketing and sales
  • 18% for IT and development
  • 15% for reserve and unexpected costs
  • 10% for admin and operations
  • 7% for legal services



There are currently 8 core team members and 4 advisors. Let’s take a look at who the founders are.


The Roadmap

The initial idea was suggested in October 2017 when the first team was compiled. Right away, the team conceptualized the product and opted for seed funding in December. During May 2018, MVP was launched and ICO public sale planned for the summer.

The plan for the future is not really detailed. So far, we only know that they plan to launch the platform in December and obtain the EU license in 2019.

review conclusion

This Estonia-based project called Black Insurance certainly looks like a promising plan which can potentially revolutionize the way insurance works! However, there is still insufficient info on their website regarding the detailed processes on how they plan to achieve their goals! If you happen to be a broker who wants to create your own insurance product or insurance company, this is an investment to consider.



Idea and team compiled

Nov, 2017

Seed funding

Dec, 2017

ICO public sale

Jul, 2018

EU license

Aug, 2019

Product concept in place

Nov, 2017

MVP launched

May, 2018

Platform launched

Dec, 2018





CTO & Blockchain Development Architect


Chief Operating Officer


Business Development Officer


Product Design


Product Manager


Marketing Manager