InsurePal AMA JUNE 2018 Recap
Month of May was full of exciting happenings at InsurePal’s office, which is also how we wanted to start off June. Previous week we started with the first in series of Ask Me Anything on our official Reddit channel, which received an amazing response from our community. Therefore, we agreed and decided to do AMA every first Friday of the month!
So if you didn’t get a chance to participate or if Reddit isn’t for you, don’t worry — we have compiled some highlights from the discussion, fit and trimmed for readability.
Q: What’s the biggest obstacle right now related to this project and how do you intend to overcome it?
A: Currently the biggest obstacle that we’re facing with is to communicate what are we currently working on (and create an understanding about the time this takes) towards the community. This is now done with consistent marketing actions and support across all our channels. The launch of the new website will definitely help there too.
Q: Will the pilot insurance provider be tracking data that can be used as a roadmap for other insurance providers of interest?
A: Insurepal will keep track itself of the results and all the necessary data. As a consequence it can show other insurers the effect of social proof and the pitfalls that should be avoided.
Q: What will be the biggest event or important milestone for Insurepal project in 2018?
A: The most important milestone will be the announcement of the insurepal concept with the first partner. Our plan is to develop several partnerships in different countries. We are now actively having meetings and discussions in 4 different countries.
Q: When new website? and any update in roadmap?
A: New website will be launched by the end of June. Roadmap that we have posted on our website in the beginning still holds.
Q: Have you held any negotiations with govern-based regulators?
A: Yes, we did. In fact we had many meetings with regulators. In many cases these were on exchange of opinions basis or introducing our project and implications that might have on insurance market.
Q: Would European General Data Protection regulation affect development of the project?
A: No, not at all. Our solution will be compliant with GDPR.
Q: Since the insurance companies will be buying tokens directly off the exchanges, how have these companies reacted to using crypto exchanges and managing security & regulatory grey areas?
A: As of now, this hasn’t been pointed out to be an issue.
We thank everyone who participated in the discussion and if you have any additional questions, feel free to connect with us through Telegram or save questions for our next AMA.
