Co-Founder of Black Insurance Discusses Company Vision for Blockchain in Insurance, and Partnership with Fineqia (CSE

FNQ) (OTC: FNQQF) (Frankfurt: FNQA) - Seite 3

Second - and a somewhat less discussed aspect - is the tokenisation of insurance. Behind each insurance policy, there is a certain amount of mandatory reserve capital in place that sees returns when there is no claim and vice versa. This capital could be broken into tokens and sold to crypto investors. This would remove a lot of friction between the capital and the great insurance product ideas looking for funding. We believe it can really kickstart innovation and competition in insurance. 

Q: Investorideas.com  

Where do you see blockchain on a global scale being adapted the most for insurance? What has been your feedback from peers and larger corporations so far? 

A: Risto Rossar, Co -Founder, Black Insurance  

All large insurance and reinsurance companies are immensely excited over blockchain. As in other industries, they keep somewhat on the fringes of the disruptive and market development, leaving the riskiest undertakings to start-ups, ready to acquire and integrate only the proven models. They are probably thinking that start-ups are there for "manufacturing" the innovation, while big corporations come in to translate these innovations into reliable and efficient operations. That being said, since the insurance industry is somewhat on the stagnant side, it might happen that the start-ups take part in this race and bring the new models to a global scale themselves. This is left to be seen. 

Q: Investorideas.com 

Fineqia International's CEO, Bundeep Singh Rangar, is on your board. Give us insight as to the relationship with Fineqia International and what it means to have him and his expertise on board?

A: Risto Rossar, Co -Founder, Black Insurance  

Bundeep is a strong ally to have and one with a truly global reach, with a wealth of experience in the financial sector. He contributes a lot both on the vision and operational levels. Bundeep has spoken at many top tier blockchain and Insurance events as an industry expert including ther Insurance Times Insurance2025, "Unblocking the blockchain potential for insurance" panel.

For Fineqia, we are a strategic opportunity on several levels. First,Black is working on enabling crypto-based fractional ownership (so called "tokenisation") in the insurance industry that [works with Fineqia's original core business model of crowdfunding]. We intend for such tokens to be offered on the Fineqia platform and match them with interested investors.