An Introduction
Disrupting Insurance with Blockchain
Galileo Platforms is a platform technology company serving the insurance sector. Using blockchain technology we connect participants in the insurance ecosystem enabling them to deliver a straight through, digital client experience.
New channels and segments
Reduce errors and costs
Efficient product innovation
Accurate data and analytics
Direct, digital sales channel
Engagement with startups
Key Features
Insurance Platform on a Blockchain
Our platform drives efficiency through the entire value chain by having a central source of encrypted client and contract data that the distributor, insurer and reinsurer all use with permissioned access.
Permissioned
- Permissioned private blockchain for all participants including brokers, banks, insurers, reinsurers and other parties
- Participants operate nodes on the network and can only see their transactions
- Regional platform with registration on a country by country basis
Platform Components
- Structure of over 90 smart contracts interoperating on the blockchain
- APIs to abstract users from the blockchain
- Oracles to deliver services and automate status changes
- Reflector: Database and user interface for insurers and distributors
Ethereum
- Smart contracts on an Ethereum blockchain
- Encryption using the Quorum fork
- Sub-second blockbuilding using rafting for consenus
Fees
- Set up and subscription fees
- Transaction fees
How it Works
Sample use cases
Bank Distribution of Insurance Products
Insurance Aggregators
Simplified Medical Claims Processing
Reinsurers
Insurers and Reinsurers
Scalable and economical revenue growth with lower distribution & transaction costs.
Distributors
New types of distributors to offer a full digital experience and attract new clients.
Our History
Milestones
Establishment of Galileo Platforms Limited
New Business Functionality Completed
Payments Functionality Completed
Riders Functionality Completed
Claims Functionality Completed
USD2M raised in Series A funding
Medical Claims Functionality Completed
The Team
Experience covering 5 continents
The co-founders of Galileo have decades of insurance experience specialising in Asia.

Mark Wales
Co-Founder and CEO

Annette King
Co-Founder and Chair

Matthew Crooks
Chief Technology Officer

Danny Wan
Business Development Director

John Yu
Senior Software Engineer

Siu On Dennis Pang
Solution Delivery Manager

Eric Shu
Software Engineer

Tim Man
Software Engineer
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