A terrible claims experience in 2015, a dearth of innovation in insurance and the opportunity presented by Blockchain for decentralisation sparked a big idea to reinvent full-stack insurance.
Pain documented and hypothesis confirmed with 1,000 + detailed surveys, 1 - 1 interviews and test marketing 20,000 Facebook users.
Legal and regulatory options paper commissioned, allowing Picnic to develop a detailed licensing framework which meets customer’s expectations, regulator’s expectations of a responsible insurer & sets the foundation for decentralised insurance.
Designed and developed simple, fair and transparent insurance policies, underwriting methodologies and structures, for Home, Motor and Contents insurance products
Developed and tested non-functioning prototypes with potential investors and customers. Resulting in a clear UI/UX path.
Formal licence application process commenced for Australian GI insurance licence, informal discussions commenced for UK and European Union licensing.
Prototype ERC20-compatible smart contract developed and tested.
Whitelisting allows initial supporters to complete KYC, AML and add their wallet address to register for the Pre-sale.
The Pre-sale will operate for 4 weeks. The hard cap for the Pre-sale is set to enable Picnic to conduct a proper global Security Token CrowdSale and to enable continued focus on regulatory licensing and development.
The Crowd Sale is designed to allow the community to control the number and destination markets for Picnic to enter around the world.
Picnic’s insurance management systems developed, tested and deployed. A template is ready to be leveraged for multiple international markets expansion.
Operations infrastructure and teams recruited, trained and readied for delivering an amazing customer experience.
The first full-stack insurance license granted to enable consumers around the world to benefit from collective insurance with a conscious.
Picnic rolling launches will be based on the community vote and number of pools successfully filled through the Crowd Sale. Launches will be staggered to minimise pressure on operating markets and ensure continuity of amazing customer experience.