'RiskShare' Mutually agreed terms and 60% lower premiums
END OF INSURANCE AS WE KNOW IT
The premium volume in the insurance industry amounts to no less than 4000 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. Now, however, there is RiskShare. A p2p risk-sharing platform with mutually agreed terms and 60% lower premiums adviced and managed by risk advisors. RiskShare is becoming bigger, more agile and more profitable than Uber and Airbnb. Everyone and every family around the world needs protection from financial risk. RiskShare puts p2p risk-sharing at our fingertips with no more than smartphone and internet.
|but car owners||but home owners||but risk advisors|
|with travellers||to vacationers||among members|
|with 40% benefit||with 50% benefit||with 60% benefit|
|via the 'Uber' Platform||
via the 'AIrbnb' Platform
|via the 'RiskShare' Platform|
THE WORLD'S FIRST AND ONLY
RiskShare is the world's first and only true p2p risk-sharing network. And in such a way that clients only pay premium for each other's claims without the intervention of an insurer or reinsurer and therefore without costs:30%, profits:10% and taxes:20%. As a result, premiums are 60% lower than for traditional insurance. RiskShare has no expensive buildings, no directors, no chiefs, no front and back office staff and thus no overhead and no bureaucracy. Risk-sharing in case of death, disability, medical expenses, liability, legal aid, travel, damage or loss to car, house, contents etc. Risk-sharing with mutually agreed terms and 60% lower premiums. Risk ends where RiskShare begins.
RISKSHARE BUSINESS MODEL
RiskShare consists of 3 authority-free entities that are legally independent but economically inseparable. In this way, RiskShare forms a sustainable ecosystem of holacracy.
The Network of Clients as the risk bearer, is a collective without status, so laws and regulations do not apply. The risk-sharing is advised and managed by independent financial, tax, legal and medical advisors. Clients choose an advisor and take out an advice subscription. After that, they can close, pay, claim and cancel risk-sharing plans on a daily basis with 60% lower premiums. The advisors pay a platform fee per client for the risk-sharing technology and subscription collection. In consultation with their clients, the advisors specify the risk-sharing schemes to be programmed. In doing so, the clients determine the level of premiums. Generous terms lead to more claims, therefore higher premiums.
What car owners are to Uber and home owners are to Airbnb, advisors are to RiskShare. The RiskShare Advisors are the first and only point of contact for clients and claims, and therefore client responsible. They are not only the main marketing power, but also the equivalent of the front and back office of a traditional insurer. Risk-sharing is not a product, so the RiskShare Advisors do not need a government license. The partnership sets the requirements and conditions for entry of new advisors and makes pronouncements on forced exits.
THE CRITICAL SUCCESS FACTORS
Node.js is a trending technology that RiskShare decided to embrace for its platform. It is especially popular for real-time processing and it is a fast and scalable solution. It has numerous advantages over other technologies and probably for this reason many big players have started using Node.js in their applications. Who are these well-known companies using Node.js to build their apps? Here are some high profile examples: Uber, Airbnb, PayPal, LinkedIn, Netflix, Ebay, Nasa etc.
96% of all transactions in the insurance industry involve the collection of premiums. RiskShare has an automated collection process. After in the RiskShare app the premium calculation en closing or cancellation have been completed, the client is forwarded to PayPal that automatically handles the direct debit or termination. All premiums are verifiably stored on the private blockchain. This process offers maximum scalability to grow exponentially to many millions of clients and transactions without the additional deployment of manpower and systems.
4% of all transactions involve payments to claims. In the RiskShare app, client reports the claim to his or her advisor. Advisor and expert assess the claim. Expert creates a payment link. Advisor approves the link. Client activates the link and accepts the claim settlement by crediting to his or her PayPal account. Premiums are automatically recalculated daily to cover the claims paid on that day. At the end of each day, the balance of premiums and claims is zero. All claims are verifiably stored on the private blockchain. Transparency and social control rule out fraudulent claims.
The objective is in 5 years a network of 5,000 advisors and 1,000,000 clients. At a valuation of 13 times the profit, the network will then have a market value of 1,000,000,000 euros. An IPO will then be considered. From 10 million euros venture capital to 1 billion euros market value in 5 years from now. That makes RiskShare beyond compare to the insurtechs Lemonade, Root, Hippo and Policygenius.
PLATFORM AT ONE MILLION CLIENTS
PROFESSIONAL AND SOCIAL NETWORK
RiskShare can become a professional and social network. A professional and social network is a group of people who maintain valuable contacts with each other. Such a network is invaluable because it exchanges information, knowledge, recommendations and reviews. In 2020, more than 80% of all Internet users were active in professional and/or social networks. Digital networking makes it possible to both significantly reduce costs and generate additional revenue.
RISKSHARE AS A GLOBAL PLAYER
Startups are going global earlier in their growth than ever before. And why not, when digital technology makes it easier and cheaper to gain access to markets in some of the world's most far flung places. Launching into more than one market means more early exposure to customers. RiskShare can easily be rolled out to all corners of the world in the local language and local currency, outside of laws and regulations. RiskShare is following in the footsteps of Uber and Airbnb worldwide. Think big, start small and scale fast.
Step 3 now in progress:
A ONCE IN A LIFETIME OPPORTUNITY
Are you an entrepreneurial investor looking for a formula to launch a global internet platform with Uber and Airbnb-like potential? Are you a commercial heavyweight and an appealing figurehead? Do you have an affinity with insurance and franchising? Then RiskShare is your journey to a highly lucrative future. RiskShare is a revolutionary insurtech platform that will disrupt the insurance industry. A once in a lifetime opportunity for the right man or woman. Don't hesitate to contact us.