InsurePal is going to take a very specific niche in the 7 trillion USD global insurance sector with its self-adjusting platform. They are introducing a completely new model of insurance process, based on blockchain. That would help to perform rather peer-to-peer endorsements, that would offer improved segmentation and lower costs to users as well as for the company.
It will be rather complicated to use blockchain technology in the highly regulated field, as the insurance is, but InsurePal have counted with all difficulties and the industry specifics. If they manage to implement the project, that could change the insurance world completely.