''P2P RISK SHARING" END OF INSURANCE AS WE KNOW IT
Risk sharing without costs 30%, taxes 20% and profits 10%. So at least with 60% lower Premiums
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. As a result, premiums are at least 60% lower than with traditional insurance. RiskShare stands for sharing the daily paid claims by the new and renewing participants on that day. There is no need for advance deposits or refunds afterwards. Despite its similarities to a traditional insurer, RiskShare is an online network without a legal status, 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 keyword: 'Trust' and tagline: 'Risk ends where RiskShare begins'.
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.
|But Car Drivers||But Home Owners||But Risk Advisors|
|For Ride Sharing||
For Room Sharing
|For Risk Sharing|
|Aside to Travelers||Along with Vacationers||Among all Participants|
|At 40% Discount||At 50% Discount||At 60% Discount|
Via the "Uber" Platform
|Via the "Airbnb" Platform||Via the "RiskShare" Platform|
|All over the World||All over the World||All over the World|
ADVISORS ARE THE KEY
Risk sharing is advised and managed by independent financial, tax, legal and medical (Deloitte) advisors. The advisors build their own client base through subscriptions and determine the amount of the subscriptions themselves (e.g. €75,00 p.m.). They are the first and only point of contact for advice and claims and thus client responsible. In addition, they not only represent 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. Moreover, the advisors are not only the main marketing drivers, but also the equivalent of the front and back office of a traditional insurer. All this makes RiskShare extremely digital and extremely personal. The partnership of RiskShare Advisors sets the requirements and conditions for the entry of new advisors and experts and the forced exit of non-functioning advisors and experts.
RiskShare consists of 5 authority-free entities that are legally independent but economically inseparable. In this way, RiskShare forms a decentralized sustainable ecosystem of holacracy.Network of P2P Risk Sharing
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, participant is forwarded to PayPal that automatically handles the direct debit or cancellation. The details of all premium 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.
4% of all transactions involve payments to claims. In the RiskShare app, participant reports the claim via AI to his/her advisor. Advisor and expert assess the claim. Expert creates a payment link. Advisor approves the link. Participant activates the link and accepts the claim settlement by crediting to his/her PayPal account. For each specific risk, premiums are automatically (re)calculated daily, to cover the claims paid on that day. In this way, participants, both new and renewing, always pay a balanced share. The details of all claim transactions are verifiable stored on the private blockchain.
PayPal is a widely used peer-to-peer payment platform that offers secure and efficient options for sending and receiving money. As one of the biggest payment systems in the world, many major companies and online retailers allow their customers to make purchases through PayPal. The ease and convenience of global online payments at P2P apps like Uber, Airbnb and RiskShare have led to their increasing popularity. Over 84% of consumers now using P2P services.
AT LEAST 60% LOWER PREMIUMS
For instance, there are millions of self-employed individuals in the labor market who do not have disability insurance due to the high costs of traditional insurance providers. Typically, absenteeism due to illness among self-employed individuals is below 2%. However, if we assume 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, or a premium of €80 per participant per month. The premium is age-dependent, starting at €5 per month for an 18-year-old, and increasing by €3 per year, reaching €155 per month for a 67-year-old self-employed individual participating in the risk-sharing scheme. It's worth noting that payments received from P2P risk sharing schemes are not subject to income tax.
The 5 year objective is a network of one million clients, a franchise partnership of five thousand advisors and many many millions of transactions. At a valuation of 13 times the profit or 8% rate of return, the platform will then have a market value of one billion euros. An exit will then be considered. From ten million euros launching capital to one billion euros market value in five years from now. Growth accompanied by profitability.
PROFIT AT 1 MILLION CLIENTS
GLOBAL PRESENCE - LOCAL SERVICE
Deloitte financial services provides comprehensive, integrated solutions for the banking, insurance, tax and legal advisory sectors. The extensive service and industry knowledge of each Deloitte firm enables them to understand the unique business needs of each client.
GLOBAL SOLUTIONS - LOCAL EXPERTISE
Sedgwick brings together local talent and knowledge to offer financial risk expertise worldwide. At Sedgwick, caring about people and organizations counts. From public and private employers to insurers and their policyholders. They deliver the services and expertise wherever you are and whenever you need it.
CRITICAL SUCCESS FACTORS
Entrepreneurs like Travis Kalanick (Uber) and Brian Chesky (Airbnb) can bring a lot of value to a startup, particularly in the early stages of the company's development. They often have a wealth of experience and expertise in building and scaling companies, and they can provide valuable guidance and strategic direction to the founders of the startup. In addition, entrepreneurial investors may be able to leverage their networks and connections to help the startup secure funding, partnerships, and other resources that are critical to its success. Finally, entrepreneurial investors may be able to contribute their own resources, such as time, money, and other resources, to help the startup get off the ground and achieve its goals. In summary, entrepreneurial investors like Travis Kalanick and Brian Chesky can be invaluable to a startup because of their experience, expertise, and resources.
GOING TO MARKET
STEP 3 NOW
All of these points are significant for both a startup founder and a business entrepreneur to consider. Both are engaged in developing business, although they are very different fom each other. Business entrepreneurs mostly offer a service for ordinary life, but startup founers drive the progress of the world. Ultimately, a business entrepreneur builds a successful new business with a service or product created by a startup founder.