SuretyBlock is an online insurance marketplace where organizations can setup insurance programs and individuals can invest in them. It is a P2P risk transfer platform that utilizes blockchain technologies like smart contracts to reduce the operational expenses of an insurance company through automation. SuretyBlock makes it easy and less expensive to setup an insurance program by reducing or eliminating many of the time consuming and expensive procedures typically involved such as regulatory compliance, capital raising and licensing. The end result is lower premiums and greater transparency.