''P2P RISK SHARING" END OF INSURANCE AS WE KNOW IT

Risk Sharing without the traditional costs ±30%, taxes ±20%, and profits ±10%
So at least with 60% 
lower Premiums


A UNICORN  WITHIN 5 YEARS FROM NOW

I am Remmelt Bossemafounder of RiskShare, a groundbreaking insurtech startup poised to reshape the landscape of insurance. I am looking for a born entrepreneur who embodies the entrepreneurial spirit of visionaries like Travis Kalanick (Uber) and Brian Chesky (Airbnb). Together, you as a commercial genius and me as a technical master, we can propel RiskShare to heights previously unseen in the insurtech realm.

RiskShare is not just another startup; it is destined to become a UNICORN within a mere 5 years from now! Imagine being part of a journey that transcends industry norms, redefines the concept of the insurance world and catapults us to a market value of 1 billion euros. This isn't just a venture; it's a revolution waiting to happen.

With an initial investment of 10 million euros 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. Our strategy is simple yet powerful – emphasizing organic growth, high profitability, and eliminating the specter of loss and insolvency through secure p2p risk bearing.

I invite you to join me in this exhilarating venture, where the power of ideas meets the potential to impact the world. RiskShare is a phenomenon waiting to be unleashed. Together, let's not only surpass the success of Uber and Airbnb but redefine the very essence of success in the insurtech universe.

Seize the opportunity, embrace the challenge, and let's make RiskShare the UNICORN that disrupts and dominates the insurance world within the next 5 years. The stage is set, and the time is now!


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THE
 FIRST AND ONLY

RiskShare is the world's first and only true peer-to-peer risk sharing platform. On this platform, participants only pay for each other's claims without the intervention of an insurer or reinsurer, resulting in average savings of ±30% in costs, ±20% in taxes, and ±10% in profits. As a result, risk sharing payments worldwide are at least 60% lower than premiums for traditional insurance. Participants pay only a periodic variable amount. 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'. Only online networks of participants. 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. 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.



    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


    ADVISORS ARE THE KEY

    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 risk sharing payments 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. This approach allows advisors to work based on their personal ambition and emotion, while considering their strengths and weaknesses and maintaining a healthy balance between work and personal life. 




    NO REGULATIONS AND LICENSES 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, and risk sharing is not a product therefore not bound by licenses. A 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 Networks do not generate profits because they operate as a collective of individuals. In essence, RiskShare operates outside the boundaries of the traditional insurance industry and offers an alternative approach to insurance through P2P risk sharing networks.



    BUSINESS MODEL

    RiskShare consists of 3 local risk sharing entities that are legally independent but economically inseparable. This structure ensures a robust, distributed ecosystem where each entity operates with a high degree of autonomy while being interdependent within the overall framework. RiskShare employs a holacratic model, which eliminates traditional hierarchies and bureaucracies, fostering agile decision-making and enhanced collaboration. Each entity contributes to and benefits from shared resources, risk management strategies, and collective expertise, creating a resilient and adaptive network capable of responding swiftly to changing market conditions.



    3 LOCAL RISK SHARING ENTITIES


    'RiskShare Network' are local online networks without a legal status that provides members a place to unite, cooperate, and share risks and resources. By engaging in collective risk management, members can mitigate individual exposures and establish a resilient framework for handling risks sustainable.



    'RiskShare Advisors' are local franchise partnerships whose advisors provide valuable guidance and support to their network clients. They 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 local SaaS tool, providing advanced technology solutions to network participants and franchise partnerships of risk advisors. The platform provides them with tools for sharing, managing and reporting risk, while also enabling seamless communication between all parties involved.


    HOW IT WORKS

    • Local riskshare advisors, anywhere in the world, working together in local franchise partnerships, advise the local public on p2p risk sharing and offer them participation after taking out a daily cancellable advisory and management subscription. You can change advisors at any time.
    • After taking out the subscription, the participants/members/clients or what 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 smartphone and internet.
    • The periodic ongoing risk sharing payments are variable and are for each specific risk scheme automatically recalculated daily to cover the claims paid on that day in that scheme. There is no human involved.
    • The advisors assess claims from their clients together with a local expert, who is automatically and randomly designated by the platform. 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 franchise partnership, conduct client surveys on preferences for risk sharing schemes. If desired by the majority of the clients, these are recorded in it's smart contract. In this way, clients determine the risk sharing terms and payments all by themselves. Restrictive or generous terms lead to fewer or more claims and therefore lower or higher risk sharing payments.
    • The advisors pay a platform fee per client for the risk sharing technology and for the collection of their subscriptions. The advisors are the first and only point of contact and thus client responsible.
    • The advisors share the ownership of their local franchise partnership and are jointly and individually responsible for its success. The partnerships sets the requirements and conditions for the entry of new advisors and experts and the forced exit of non-performing advisors and experts.
    • The cornerstone of P2P risk sharing lies in calculating the probability of common risks that anyone can experience at any place and any time. In P2P risk sharing, networks of participants act as risk carriers without having a formal legal status, and risk sharing itself is not considered a product. Therefore, traditional regulations and licensing requirements do not apply. 

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


        RISK SHARING PAYMENTS

        96% of all transactions involve the collection of risk sharing payments. RiskShare has a fully automatic collection process. After in the RiskShare app the payment calculation and closing or cancellation is completed, participant is forwarded to PayPal that fully automatic handles the direct debit or cancellation. The details of all payment transactions are verifiably stored on the private blockchain. This process offers maximum scalability to grow exponentially to many millions of participants and transactions without the additional deployment of manpower and systems.


        RISK SHARING CLAIMS

        4% of all transactions involve payments to claims. Participants submit claims in their smart contract. Advisor, expert, and AI assess the claim. Expert or AI creates a payment link. Advisor approves the link. Participant agrees to the claim settlement by activating the link and transferring the claim payment to their PayPal account. The risk sharing payments are, for each scheme, automatically recalculated daily, to cover claims paid on that day. At the end of each day, the balance of payments received and claims paid is zero. All claim transactions are verifiable stored on the private blockchain.


        PAYPAL FOR MAXIMUM SCALABILITY

        PayPal is an essential component of RiskShare's operational processes, as it enables the efficient and secure collection of subscriptions, the collection of risk sharing payments, and the payment of claims. The fully automatic collection and paying process allows for maximum scalability, handling many 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.



        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 via biometric technology and approved by their advisor
        • Authentication is required before a transaction is added to the blockchain
        • Participants have visibility of all transactions stored on the blockchain




          SERVERLESS INFRASTRUCTURE

          RiskShare's serverless infrastructure with Node.js, AWS Lambda, DynamoDB, and AI, is to be a 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.

          • Artificial Intelligence (AI) enhances serverless infrastructure efficiency. AI scales Node.js for optimal performance. AWS Lambda uses AI to allocate resources and prioritize smart contracts, streamlining risk sharing. AI analyzes DynamoDB data for insights 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 insurers are prohibitively high for many self-employed individuals in the labor market. As a result, a significant number of them go without coverage.

          Absenteeism due to illness among self-employed individuals is typically below 3%. However 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 payment of €80 per participant per month, which represents a savings of more than 60% compared to traditional insurance providers. The risk sharing can be made age-dependent, starting at €5 per month for an 18-year-old increasing by €3 per year. For a 67-year-old self-employed individual participating in the risk-sharing, the payment 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



          OBJECTIVE

          The goal within five years is to establish networks with a total of 1,000,000 participants, 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

          • Participants: 60% premium discount through P2P risk sharing
          • Advisors: €90,000 in subscriptions per year with 150 clients
          • Platform: €96 platform fee from the advisors per client per year
          • PayPal: €50 millon in fees per year with 1 million participants




          PROFIT AT 1 MILLION PARTICIPANTS

          • 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 premiums that are 60% lower
          • Millions of advisors worldwide want an income of €90,000 py from 150 clients
          • Suitable clients also become advisors, creating an endless cycle of growth
          • RiskShare is an ecosystem operating as a holacracy without bureaucracy
          • RiskShare Networks are entities without legal status, so no regulations apply
          • RiskShare eliminates  the risk of loss and insolvency through p2p risk bearing
          • RiskShare is the first and only without competition ready to change the world









          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


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