Beyond Insure is a new insurtech company based in the Netherlands that aims to develop technology-based insurance solutions for European small and medium-sized enterprises (SME). Beyond Insure is launching an equity-based security token offering (STO) on the 27th July 2020 to fund further development and operations.
The STO gives investors equity as official shareholders of the company and they enjoy the benefits and protections of a traditional equity investment. The equity is managed on a digital platform, backed by blockchain technology and the Beyond Insure Token (BIT). A BIT represents a depository receipt for a share, giving the holder ownership in the company.
“Technology offers insurers a real advantage and can help to drive efficiency and growth. We aim to offer insurance companies, brokers and agents innovative solutions based on the latest technology in digital transformation” said Ingemar Svensson, founder and CEO of Beyond Insure.
With almost 200 investors already the STO is off to a great start.
Smaller companies are usually underinsured and struggle to find and manage insurance, and Beyond.Insure provides a technology-driven platform with flexible and understandable policies, simple payments and fast claim payout. The insurance markets are going through a challenging time and there is a strong focus on cost savings through automation, artificial intelligence and more effective use of data. Beyond Insure will position itself at the centre of the advance towards these areas.
About Beyond Insure
Beyond.Insure B.V. is based in the Netherlands and was founded in January 2020. Building on decades of technology and insurance expertise, it aims to provide transformative solutions to the insurance industry by applying innovative technology.
As part of its innovative approach, Beyond Insure is launching an STO to fund the establishment of the company.