What is Insurtech?

Crowdfunding
Insurtech refers to the use of technology innovations designed to squeeze out savings and efficiency from the current insurance industry model. Insurtech is a portmanteau of “insurance” and “technology” that was inspired by the term Fintech. Insurtech aims at consumer-centrist solutions for risk-free life with minimization and prevention of risk through adoption of Innovative Technology. 

What is Crowdfunding?

Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people, typically via the internet. The transactions usually take place on a secure web-based platform. The crowdfunding model is fueled by three types of actors: the project initiator who proposes the idea and/or project to be funded; individuals or groups who support that project; and a moderating organization (the "platform") that brings the parties together.

Crowdfunding

Why Insurtech crowdfunding?

Insurtech investing involves the purchase, ownership and potentially profitable exit. InsurtechBalcans Hub through its proprietary know-how and networking capabilities helps in commercialization of the invested projects. The Hub selects and develops promising Insurtech ideas fine-tuning them to the expectations of the market. InsurtechbBalkans offers cross-border reach and local expertise thus bringing domestic players to global partnerships. We cure information asymmetry between Insurtech startups and Investors while providing opportunities to be part of future-proof projects. 

What is InsurtechBalkans' Crowdfunding Platform?

InsurtechBalkans' Crowdfunding Platform (ICP) is an investment facility of InsurtechBalkans Hub. ICP is designed to help promising Insurtech wantrepreneurs to achieve their funding goals in inception phase startups. The ICP allows for investment from 1000 EUR up to 30 000 EUR in a single project against equity or convertible note. Preliminary condition for all ICP funded projects is HUB membership. The InsurtechBalkans facilitates the set-up and running of the project's entity by provision of skillful guidance and mentorship. ICP has no national restrictions and welcomes entrepreneurs and investors from across EU. All details of the investment process are delivered upon Hub membership.

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Crowdfunding