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 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.

• RiskShare enables seamless interaction among members and advisors through integrated social media features that can be configured as public, members-only, or private. Members can contact each other, share information in a feed, and rate advisors. Advisors can provide details about their expertise, share updates on risk sharing, and offer personal information. This collaboration fosters a dynamic community where knowledge and experiences can be easily exchanged.

BUSINESS MODEL

RiskShare consists of 3 local risk sharing entities; 'RiskShare Network', 'RiskShare Advisors', and 'RiskShare Platform', 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.

GLOBAL IMPLEMENTATION

RiskShare Platform is a SaaS application that uses a single technical infrastructure for global deployment. This centralized approach, from whatever location, enhances scalability, reduces costs, and ensures regulatory compliance. Local 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 RiskShare Networks with 1,000,000 risk sharing participants, develop Limited Franchise Partnerships with a total of 5,000 RiskShare Advisors, and facilitate 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 among the 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 by sharing the risks among the peers.

• 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