InsurePal Cryptocurrency


InsurePal is a next generation of peer-to-peer insurance based on social proof endorsements, fully harnessing the power of blockchain innovation. The platform will serve as a replacement for insurances as we know today and offer a completely new type of coverage for areas of life and business that began to emerge with the evolution of blockchain, starting with the insurance of blockchain business transactions.

Token Sale Info:

  • Ticker: IPL
  • ICO Start: January 16th, 2018
  • ICO End: February 5th, 2018
  • ICO Token Price: 1 IPL = $0.10 USD
  • Bonus: Yes
  • Token Type: ERC20
  • Accepts: ETH
  • Soft Cap: $5,000,000 USD
  • Hard Cap: $18,000,000 USD
  • Total Token Supply: 300,000,000
  • Tokens For Sale in ICO: 67%

Token Value:

InsurePal token (IPL) will be the fuel of the InsurePal platform, used by clients and third-party partners worldwide. It is an application specific token, built on top of existing Ethereum blockchain, allowing us to give the users back the value of the InsurePal insurance network.

The value of any decentralized economy becomes the value of its underlying economy. In case of InsurePal, this is the role of a social proof that motivates diligent clients with bigger insurance discounts and endorsers with engaging incentives. Tokenizing property allows InsurePal to uniquely identify insurance assets and transform the social proof information to other types of businesses via a digital record.

Use of Token:

    • This type of insurance will be conducted in IPL tokens solely. The incentives for the endorsers will be paid in IPL tokens as well, whereas their guarantee can be done with other means as well. All fees coming from the side of possible participating insurance companies and other third-parties will have to be paid with IPL tokens too.
    • To obtain new insurance, the insured will have to upload a photo of their existing insurance policy so that InsurePal can calculate a discount. Doing so, every client will receive a specific number of IPL token (20% less for a cash discount), growing proportionally with the number of endorsements received.
    • For each new social proof guarantee, the endorser will receive an incentive in local fiat currency or in IPL tokens. The endorser will be able to sell the IPL tokens immediately, speculate and wait for an even higher market value or save them to buy/renew their insurance policy in the future or to pay some services at shops where they will accept IPL.
    • Social proof endorsers will be able to make the guarantee with the credit card or via a smart contract. Their social proof guarantee will consist of relevant information on the client (the insurance holder) and will serve to them as a credit report. If several endorsers will guarantee for the same person, their credit score will proportionally increase in value. In parallel to token transactions, these information will be stored in the general ledger being partially encrypted and partially public. The encrypted part will only be disclosed publically if its holder approves.
    • The clients holding IPL will be able to identify themselves within the InsurePal Community. In the long run, they will be able to sell their own social proof guarantee without revealing their identity to institutions or reinsurers in order to get the guarantee and a proportionate share of their insurance premium.
    • In the future, the InsurePal may appoint some members of their InsurePal community to process and report on the claims, a service that will have a financial incentive. Claims which will go beyond an agreed threshold (exact amount to be decided) will be decided by professional claims adjusters who will report their recommendations to InsurePal before informing the client. In essence, there will be no need for an insurance company involvement as everything will be settled by the community on the bases of blockchain and smart contracts.


Matt Peterman

Co-founder & InsurePal CEO


Matt’s been working in insurance business and venture capital for over 15 years, investing and helping private equity companies grow. Currently, he is an executive and business developer for insurance detection company Salviol Ltd.


Tom Volk



Tom is a founder of Adacta Group, a company developing a proprietary insurance core system widely used by EU and Russian insurances. The company bootstrapped €25 million annual revenue and grown a network of 450 professionals in 7 different countries.


Thomas B. Manson

Chief Insurance Officer


A financial services and investment professional and a prominent member of the Lloyd’s Syndicate with over 20 years of experience in Eastern Europe and the former Soviet Union. He is a renowned public speaker and a lecturer on advising on strategy and business tactics.


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