RiskShare Platform


RISKSHARE: REVOLUTIONIZING DISABILITY PROTECTION FOR THE SELF-EMPLOYED


PROBLEM

One million self-employed individuals in the Netherlands face difficulties obtaining affordable disability protection. This demographic, which plays a vital role in the Dutch economy, encounters unique challenges compared to salaried workers, primarily due to the high cost and stringent terms of traditional insurance options. These options are often too expensive and offer unfavorable terms, leaving many without adequate protection against disability risk during their working life.


SOLUTION

P2P risk sharing can address this issue by allowing self-employed individuals to mutually share the risk of disability. With P2P risk sharing, participants pay only for each other's claims without the intervention of an insurer or reinsurer. This eliminates costs, taxes and profits resulting in premiums that are at least 60% lower than traditional disability insurance, making the coverage more affordable and accessible. The P2P risk sharing scheme operates until participants reach retirement age, ensuring they have comprehensive disability protection throughout their working life. Risk ends where RiskShare begins.


TESTIMONIALS

Richard; "I am a thrilled participant of RiskShare! This revolutionary platform offers me incredible  of more than 60% lower premiums than traditional insurance. With comprehensive digital options and diverse coverage, including customizable schemes through surveys, RiskShare gives me control like never before. What truly sets it apart is the personalized support from my advisor, guiding me through every step. Joining RiskShare isn't just about saving money; it's about empowerment and belonging to an innovative movement in insurance. Highly recommend for anyone ready to transform their approach to risk management!"

Cathy; "As someone receiving disability benefits, RiskShare has made the entire process incredibly simple. The application was straightforward, and the personalized support from my advisor has been invaluable. They guided me through each step, ensuring I received my benefits smoothly and without any hassle. RiskShare's commitment to ease and support has made a significant difference in my experience. I highly recommend it to anyone seeking disability benefits with minimal stress."

COMPARISON OF TRADITIONAL DISABILITY INSURANCE AND P2P RISK SHARING

Traditional DI

Profession: Crane operator
Disability: >25%
Payment pm at 100%: €2,000.00
Indexing: 2%
Waiting period: 90 days
Premium due until cancellation

Premium per month:

18 years of age: €159.71
21 years of age: €211.86
24 years of age: €224.82
27 years of age: €238.59
30 years of age: €253.19
33 years of age: €268.69
36 years of age: €285.13
39 years of age: €302.59
42 years of age: 
€321.10
45 years of age: €340.76
48 years of age: €361.61
51 years of age: €383.75
54 years of age: €407.24
57 years of age: €432.16
60 years of age: €512.21
63 years of age: €521.94
66 years of age: €531.86
67 years of age: €542.15

P2P Risk Sharing

Profession: All professions
Disability: >25%
Payment pm at >80%: €2,000.00
Indexing: Inflation
Waiting period: 30 days
Premium due until cancellation

Premium per month at average 4%:

18 years of age: €    5.00
21 years of age: €  14.00
24 years of age: €  23.00
27 years of age: €  32.00
30 years of age: €  41.00
33 years of age: €  50.00
36 years of age: €  59.00
39 years of age: €  68.00
42 years of age: €  77.00
45 years of age: €  86.00
48 years of age: €  95.00
51 years of age: €107.00
54 years of age: €116.00
57 years of age: €125.00
60 years of age: €134.00
63 years of age: €143.00
66 years of age: €152.00
67 years of age: €155.00


MARKET SITUATION

The average long-term disability rate among self-employed individuals insured by Dutch insurance companies typically ranges from 1.5% to 2.5%. This variation depends on factors such as age, occupation, and chosen coverage, as reported by KPMG, Dutch Association of Insurers, and DNB.

Currently, absenteeism due to illness is lowest among self-employed individuals at 1.7%, compared to 3.8% for medium-sized companies and 5.2% for large companies. Despite this, many self-employed individuals struggle to afford disability insurance, which they seek at reasonable conditions and costs throughout their careers.


P2P RISK SHARING 

P2P risk sharing offers a solution by eliminating the conflicts of interest and profit drivennes inherent in traditional insurance models. This approach provide disability insurance to millions of self-employed individuals at premiums at least 60% lower than traditional insurers.

For example, assuming 100 in risk sharing participating self-employed individuals, an average absence rate of 4%, and a benefit of €2,000 per disabled person per month, these 100 participants would need to share a monthly amount of €8,000, or €80 per person. The sharing amounts are age-related, starting at €5 for an 18-year-old and increasing by €3 annually, up to €155 a month for a 67-year-old.

In P2P risk sharing, there is no traditional insurer or reinsurer involved. The risk sharing payments are used exclusively for claims, ensuring that the interests of the risk sharing participants are prioritized, unlike traditional insurance where unused premiums cover overhead, operational costs, profits, and taxes.


HOW RISKSHARE WORKS

  • Local Riskshare advisors, anywhere in the world, working together in limited franchise partnerships, advise the local public on p2p risk sharing and offer them participation after taking out a daily cancellable advisory subscription. You can change advisors at any time.

  • After taking out the subscription, the participants / members / clients or whatever name you prefer, can instantly close, pay, claim, and cancel the desired risk sharing schemes all by themselves in just minutes with nothing more than a smartphone and internet. After the AI closing process or cancellation is completed, the participant is redirected to PayPal, which handles the direct debit or cancellation fully automatically.

  • The periodic ongoing risk sharing payments are variable and recalculated daily for each specific risk scheme automatically to cover the claims paid that day in that scheme. There is no human involved. At the end of each day, the balance of payments received and claims paid is zero. RiskShare Networks are entities without legal status, so no regulations apply
  • Clients submit claims to their advisor through AI. Advisor quickly and expertly assesses the claim, in collaboration with a local expert, who is automatically and randomly designated by the platform. Expert creates a payment link. Advisor approves the link. Client agrees to the claim settlement by activating the link and transferring the claim payment to their PayPal account. The expert's fees are borne by the advisor and paid in advance, regardless of whether payouts follow. This process avoids conflicts of interest.
  • Each local limited franchise partnership prepares client surveys on preferences for risk sharing schemes. If desired by the majority of the clients, these preferences are recorded in its smart contract. In this way, clients determine the risk sharing terms and payments themselves. Restrictive or generous terms lead to fewer or more claims and therefore lower or higher risk sharing payments.
  • Advisors pay a platform fee per client for the risk sharing technology, the collection of their subscriptions. and for the client surveys. The advisors are the first and only point of contact and therefore responsible for their client. P2P risk sharing is not a product so advisors do not need any licenses.

  • The advisors share the ownership of their local franchise partnership and are jointly and individually responsible for its success. The partnerships set the requirements and conditions for the entry of new advisors and experts and the forced exit of non-performing advisors and experts.



GLOBAL IMPLEMENTATION

RiskShare is a SaaS platform that uses a single technical infrastructure for global deployment, regardless of location. This centralized approach enhances scalability, reduces costs, and ensures regulatory compliance. Local RiskShare Advisors provide market insights, culturally tailored marketing, and participant support. By integrating centralized operations with local expertise, RiskShare smoothly adapts to international markets.

The goal within five years is to establish networks with a total of 1,000,000 risk sharing self-employed individuals, develop franchise partnerships with 5,000 advisors, and facilitate many many millions of transactions. The platform is projected to have a market value of 1 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.




REVENUE MODEL

  • Members: 60% premium discount through P2P risk sharing
  • Advisors: €90,000 in subscriptions per year from 150 clients
  • Platform: €96 platform fee from the advisors per client per year

PLATFORM COSTS 20,000,000
  • Technological Infrastructure: €4,000,000
  • Technical Personnel:  €6,000,000
  • Commercial Personnel: €4,000,000
  • Compliance and Legal Costs: €600,000
  • Marketing and Acquisition:  €3,000,000
  • Education and Training: €2,400,000


PROFIT AT 1 MILLION PARTICIPANTS

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




RISKSHARE PRIVATE BLOCKCHAIN

  • Blockchain are hash-linked transactions that cannot be changed or deleted
  • Private by participation of only uniquely identified and approved participants
  • Uniquely identified by biometric technology and approved by their advisor
  • Authentication is required before a transaction is added to the blockchain
  • All parties involved have visibility of all transactions stored on the blockchain
  • Blockchain ensures a faultless, secure, and transparent risk sharing process 


CRITICAL SUCCESS FACTORS

  • Billions of people worldwide want to switch to premiums that are 60% lower
  • Millions of advisors worldwide want an income of €90,000 py from 150 clients
  • Suitable members also become advisors, creating an endless cycle of growth
  • RiskShare is an ecosystem operating as a holacracy without bureaucracy
  • RiskShare eliminates loss and insolvency by sharing the risks between peers
  • RiskShare is the first and only without competition ready to change the world


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. However, 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.





STEPS TO TAKE NOW

  1. Attracting an entrepreneur / co-founder / ceo along the lines of Travis Kalanick (Uber) or Brian Chesky (Airbnb)
  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 desired risk sharing schemes
  7. Promotional campaigns
  8. Global launch Q1 2025


FOUNDER

Remmelt Bossema is the founder of RiskShare, an innovative insurtech startup aiming to revolutionize the insurance industry with the first and only true P2P risk sharing platform. With over 30 years of experience in financial planning and banking, including roles at SNS Bank and ING, he has extensive expertise in financial services. His vision for RiskShare includes achieving unicorn status within five years by offering at least 60% lower premiums and creating a sustainable growth cycle through advisor-client relationships. As the CINO, Remmelt's leadership emphasizes the balance between vision and execution to drive success.


INITIAL FUNDING 10,000,000

With initial funding of €10,000,000 in seed capital or convertible loan(s), RiskShare is set to revolutionize the market with the world's first and only true p2p risk sharing platform. RiskShare offers coverage for death, disability, accidents, healthcare, travel, liability, legal aid, damage or loss to car, house and contents. The strategy is simple yet powerful – emphasizing organic growth, high profitability, and eliminating the specter of loss and insolvency through secure p2p risk bearing.

  • Technology Development: €3,000,000
  • Marketing and Acquisition: €2,000,000
  • Operational Costs: €3,000,000
  • International Research: €1,000,000
  • Financial Reserves: €1,000,000

I invite entrepreneurial investors to explore this unique opportunity to be part of RiskShare's groundbreaking venture. For more information or to express your interest, please contact me via email at rbossema@riskshare.nl or by phone at 31(0)653374097.


CONCLUSION

While Uber and Airbnb have redefined their respective industries, RiskShare is poised to make an even greater impact on the global stage. With its unique approach to risk sharing, substantial cost reductions, global reach, and participant engagement, RiskShare is positioned to become a dominant force in the insurance sector. By leveraging the principles that made Uber and Airbnb successful, RiskShare has the potential to reshape the insurance landscape, offering affordable and accessible coverage to anyone worldwide. As the world becomes increasingly interconnected, RiskShare's rise as a market giant seems inevitable, solidifying its place alongside the disruptive pioneers of the sharing economy.


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



Burg. Kolfschotenstraat 4    Tel. +31(0)653374097
5616 DD Eindhoven            platform@riskshare.nl