''RISKSHARE'' THE FIRST AND ONLY

RiskShare is the world's first and only true peer-to-peer (P2P) risk sharing platform. On this platform, participants only pay premiums for each other's claims without the intervention of an insurer or reinsurer, resulting in a savings of 30% in costs, 20% in taxes, and 10% in profits. Outcome, premiums are at least 60% lower than with traditional insurance. Participants pay only a monthly variable premium. No payments and refunds before and after. RiskShare means, 'the sharing of claims paid per day, by the new and renewing participants on that day'. RiskShare is an online network of participants and thus has no expensive buildings, directors, or staff, resulting in a lack of bureaucracy. RiskShare offers coverage for death, disability, accidents, healthcare, travel, liability, legal aid, damage or loss to car, house and contents.

RiskShare taglines: "Risk ends where RiskShare begins". "Caring connects us All". "A Circle of care that never Ends". "Where care knows no Limits". "You're never alone with RiskShare", "We all take care of You - You all take care of Me".

BIGGER THAN UBER AN AIRBNB

The premium volume in the insurance industry amounts yearly to no less than 7000 billion euros worldwide. Many times larger than the cab industry (200 billion) and the hotel industry (1000 billion) in which Uber and Airbnb disruptively excel. This makes it remarkable that disruption has so far remained absent from the insurance sector. That's why there is now 'RiskShare'. A P2P risk sharing platform with mutually agreed terms and at least 60% lower premiums advised and managed by independent advisors. Every person and every family all over the world needs protection from financial risk. RiskShare puts P2P risk sharing at your fingertips anywhere in the world with nothing more than smartphone and internet. RiskShare will become bigger, more agile and more profitable than Uber and Airbnb with the right man or woman at the top.

GLOBAL SHARING PLATFORMS

Uber	Airbnb	RiskShare
Not Cabs	Not Hotels	Not Insurers
But Ride Sharing	But Room Sharing	But Risk Sharing
At 20% Discount	At 40% Discount	At 60% Discount
Offered to Trippers	Offered to Tourists	Offered to Anyone
By Car Drivers	By Home Owners	By Risk Advisors
All over the World	All over the World	All over the World
Via the "Uber" Platform	Via the "Airbnb" Platform	Via the "RiskShare" Platform

RiskShare is advised and managed by independent financial, tax, legal and medical advisors. The advisors build their own client base through subscriptions and determine the amount of the subscriptions themselves (e.g. €50 p.m.). They are the first and only point of contact for advice and claims and thus client responsible. Advisors represent not only the interests of their individual clients through prompt claims settlement, but also the interests of all their clients for low premiums through fair claims settlement. By doing so, the advisors are the equivalent of the front and back office of a traditional insurer. All this makes RiskShare highly digital and highly personal. In addition, they are the key marketing drivers. The RiskShare Advisors franchise partnership sets the requirements and conditions for the entry of new advisors and experts and the forced exit of non-performing advisors and experts.

NO LAWS AND REGULATIONS APPLY

Entities without legal status encompass organizations and groups that lack legal rights and obligations. This classification includes informal clubs, partnerships, associations, and online networks of individuals. While traditional insurance companies operate within a regulated framework, a P2P risk sharing network, like RiskShare, does not fall under the purview of such regulations. Risk sharing is not treated as a product, and therefore it is not bound by laws, licenses, and regulations. RiskShare Network acting as a risk carrier by distributing risk among its participants rather than relying on a single entity, like an insurance company. RiskShare Network does not generate profits because it operates as a collective of individuals. In essence, RiskShare operates outside the confines of the traditional insurance industry, providing an alternative approach to risk sharing through its P2P risk sharing network.

BUSINESS MODEL

RiskShare consists of 3 authority-free entities that are legally independent but economically inseparable. In this way, RiskShare forms a decentralized ecosystem of holacracy without bureaucracy. Holacracy not as a goal but as a logical consequence of the business model.

"RiskShare Network" functions as an informal entity without a legal status, providing a platform for clients to unite, cooperate, and share risks and resources. By engaging in collective risk management, clients can mitigate individual exposures and establish a resilient framework for handling risks sustainably.

"RiskShare Advisors", as an informal franchise partnership, provide valuable guidance and support to their clients. They assist in identifying and analyzing risks and developing effective strategies for risk management. Through continuous support, the advisors empower their clients to make well-informed decisions.

"RiskShare Platform" operates as a Software-as-a-Service (SaaS) model, providing advanced technological solutions to network clients and risk advisors. The platform equips them with tools for sharing, managing, and reporting risks, while also facilitating seamless communication among all parties involved.

HOW IT WORKS

• First clients choose an advisor for an advisory subscription that guarantees a fully customer-centric experience.

• Then they can easily close, pay, claim and cancel risk sharing schemes themselves in minutes. The monthly  premiums are variable and automatically (re)calculated daily, for each specific risk, to cover claims paid on that day.
  

• Advisors conduct client surveys on preferences for risk sharing schemes. If desired by the majority, these are introduced. In this way, clients influence the premiums. Restrictive or generous terms and conditions lead to fewer or more claims and therefore lower or higher premiums.

• Advisors submit claims to an expert, who is randomly assigned by the platform. The expert's fees are borne by the advisors and paid in advance regardless of whether payouts follow. All this avoids conflicts of interest.

• Advisors pay a platform fee of €8 per client per month for the risk sharing technology and for the collection of their subscriptions.

• RiskShare Network, as the risk bearer, does not have a legal status and risk sharing is not a product. So laws, regulations and licenses do not apply

P2P risk sharing in all corners of the world with only smartphone and internet

PREMIUMS

96% of all transactions in the insurance industry involve the collection of premiums. RiskShare has a fully automatic collection process. After in the RiskShare app the premium calculation and closing or cancellation is completed, client is forwarded to PayPal that automatically handles the direct debit or cancellation. The details of all premium transactions are verifiably stored on the blockchain. This process offers maximum scalability to grow exponentially to many millions of clients and transactions without the additional deployment of manpower and systems.

CLAIMS

4% of all transactions involve payments to claims. Client reports the claim via AI to his/her advisor. Advisor and expert assess the claim. Expert creates a payment link. Advisor approves the link. Client agrees to the claim settlement by activating the link and transferring the payment to his/her PayPal account. For each specific risk scheme, premiums are automatically (re)calculated daily, to cover the claims paid on that day. In this way, clients, both new and renewing, always pay a balanced share. The details of all claim transactions are verifiable stored on the blockchain.

PRIVATE BLOCKCHAIN

• Blockchain are hashlinked transactions that cannot be changed or deleted
• Consensus is required before a transaction is added to the blockchain
• Private by participation of only identified and approved participants
• Identified via biometrics at closing and documentation at claiming
  
• Participants have visibility of all transactions stored on the blockchain

PAYPAL

PayPal is an essential component of RiskShare's operational processes, as it enables the efficient and secure collection and payment of premiums and claims. The fully automatic collection process allows for maximum scalability, handling millions of transactions without the need for additional manpower and systems. Additionally, the use of a private blockchain ensures that all transaction details are verifiable and secure. Overall, PayPal plays a critical role in the efficient and streamlined operation of the RiskShare platform.

RISKSHARE INFRASTRUCTURE

Our global cloud infrastructure with Node.js, AWS Lambda and DynamoDB is to be a decentralized, distributed system for sharing and managing data.

• Node.js is a fast runtime environment, for building scalable networking applications and is used to build the front and backend of the RiskShare infrastructure, providing communication and data management between the components.

• AWS Lambda, a serverless computing service, is used to execute the smart contracts needed for the risk sharing process. Smart contracts are self-executing contracts where the terms of the agreement between the peers are written directly into lines of code.

• DynamoDB, a NoSQL database service offered by AWS, is used to store the data from the blockchain, allowing the system to keep track of all transactions and interactions taking place within the network.

• AI plays a crucial role in enhancing the efficiency and effectiveness of the described cloud infrastructure. Through AI-driven optimizations, the Node.js environment can be dynamically scaled based on demand, ensuring optimal performance for networking applications. AWS Lambda can leverage AI algorithms to intelligently allocate resources and prioritize the execution of smart contracts, streamlining the risk sharing process. Additionally, AI-powered analytics can be applied to the data stored in DynamoDB, extracting valuable insights from transaction records and network interactions, thereby enabling more informed decision-making for participants engaged in P2P risk sharing.
  

This combination of technologies enables P2P risk sharing, where peers can share financial risk among themselves without the need for a traditional insurer.

RISK SHARING SAMPLE

The premiums for disability insurance offered by traditional providers are prohibitively high for many self-employed individuals in the labor market. As a result, a significant number of them go without coverage.

While absenteeism due to illness among self-employed individuals is typically below 3%, assuming an average absenteeism rate of 4% and a benefit of €2,000 per disabled person per month, the total monthly claims for 100 risk-sharing participants would be €8,000.

This translates to a premium of €80 per participant per month, which represents a savings of at least 60% compared to traditional insurance providers. The premium amount is age-dependent, starting at €5 per month for an 18-year-old and increasing by €3 per year. For a 67-year-old self-employed individual participating in the risk-sharing scheme, the premium is €155 per month. It's important to note that payments received from P2P risk sharing schemes are not subject to income tax.

TRADITIONAL DISABILITY INSURANCE VERSUS P2P RISK SHARING

REVENUE MODEL

• Clients: At least 60% premium discount through P2P risk sharing
• Advisors: €90,000 in subscriptions per year with e.g. 150 clients
• Platform: €96 platform fee from the Advisors per year per client
• PayPal: €50 millon in transaction fees per year with 1 million clients

OBJECTIVE

The goal within five years is to establish a network of one million clients, form partnerships with 5,000 advisors, and facilitate millions of transactions. The platform is projected to have a market value of one billion euros, based on a valuation of 13 times its profit or an 8% rate of return. Once this is achieved, an exit strategy will be considered.

PROFIT AT 1 MILLION CLIENTS

• Platform Fees: €96,000,000
• Platform Costs: €20,000,000
• Platform Profit: €76,000,000

CRITICAL SUCCESS FACTORS

• Billions of people worldwide want to switch to 60% lower insurance premiums
• Millions of advisors worldwide want a fixed commission of up to €90,000 a year
• Allowing clients to also become advisors creates an endless cycle of growth
  
• RiskShare is a decentralized ecosystem of holacracy, so without bureaucracy
• RiskShare is an entity without legal status, so no laws and regulations apply

3 STEPS TO A RISK SHARING PLATFORM

STEP 3 NOW

1. Attracting an entrepreneur / co-founder / ceo  with a drive for success
2. Raising initial funding
3. Recruiting a small commercial and technical staff
4. Collaboration with (Deloitte) Advisors
5. Collaboration with (Sedgwick) Experts
6. Programming the risk sharing schemes
7. Promotional actions
8. Global launch Q1/2-2024
   

GROWTH AND PROFITABILITY

Riskshare begins its journey with 10 million euros in seed capital and aims to reach a market value of one billion euros within five years. RiskShare's strategy emphasizes both growth and profitability while eliminating the risk of insolvency and deficits.