PolicyPal Network Whitepaper


In April 2016, PolicyPal Pte. Ltd (Singapore Company Registration Number : 201610784K)
(“PolicyPal Tech”), an affiliate of the Token Issuer, launched an insurance application known as
“PolicyPal” which employed the use of machine learning and artificial intelligence to simplify
and digitise insurance for end users to seamlessly manage their existing policies.
With the advent and exponential growth of blockchain technology, the Token Issuer is
endeavouring to harness this technology and create a decentralised platform to not only
facilitate the purchase of insurance policies but to also serve as a secure validation engine for
policy payouts.

The Token Issuer will be building a platform (“PolicyPal Network”) with a two-fold vision of
addressing key issues that overlap the fields of both insurance and cryptocurrencies in the world

The first issue is that millions of unbanked people are without adequate access to insurance
protection in developing countries around the world. Through our platform, we aim to lower the
barriers associated with traditional insurance coverage for these groups of people. Ultimately,
our main mission is to harness the advancements in the field of blockchain technology to bridge
the gap between consumers in developing countries and insurance providers by providing a
new level of accessibility to the insurance ecosystem.

PolicyPal Network plans to achieve this by leveraging partnerships in these emerging markets
to serve the millions currently without access to protection due to complex buying processes
and high insurance premiums.

The second problem deals with the overall security of cryptoassets. The increasing occurrence
of major hacks on both cryptocurrency exchanges and wallets over the past few years resulting
in significant losses of funds has left many with a desire for some form of insurance on their
digital assets. We seek to offer a range of robust protection plans for both commercial
companies and individual investors against a loss of funds resulting from operational
deficiencies like hacks.

PolicyPal Singapore – an affiliate of the Token Issuer and which is regulated under the
Insurance Act and Financial Advisers Act – presently has a diverse list of insurers already
partnered with it for conventional insurance products. Together with PolicyPal Singapore’s
network of global insurance partners, the Token Issuer will be working to create offerings that
address this urgent issue in the cryptocurrency space.

PolicyPal Website
PolicyPal Whitepaper