1. What differentiates RiskShare from conventional insurance companies?

  • Answer: Unlike insurance companies, RiskShare facilitates risk sharing directly between members without collecting premiums, managing reserves, or being subject to insurance regulations. This allows for lower costs and a leaner, more agile structure. RiskShare operates as an ecosystem led by advisors in franchise partnerships, focusing on transparency and member autonomy.

2. How does RiskShare manage risk without traditional premiums or reserves?

  • Answer: RiskShare operates as a platform where members directly share risk among themselves at 60% discount. The risk sharing payments are daily recalculated based on claims paid that day, ensuring that claims and payments align without the need for reserves. Advisors cover the variable costs, pay platform fees, and receive advisory subscriptions from their clients, supporting the platform’s revenue model without traditional premiums.

3. How does RiskShare ensure the credibility and integrity of claims?

  • Answer: RiskShare utilizes a two-layer claims assessment process involving local advisors and independent experts. Claims are reviewed by a randomly assigned local expert. Advisors and members must approve the outcome. This setup, combined with secure, transparent transactions recorded on a private blockchain, reduces fraud risk and builds trust within the community.

4. What is the revenue model if RiskShare doesn't collect premiums?

  • Answer: RiskShare generates revenue through platform fees paid by advisors, who operate in local franchise partnerships. Advisors pay these fees to access the platform’s risk sharing technology, AI-driven claims assessment tools, and customer management systems. In addition, the platform benefits from cost sharing where advisors stand for the variable costs and interactions with and between members within the ecosystem.

5. How scalable is the RiskShare model, especially internationally?

  • Answer: The P2P model is designed to scale globally with minimal bureaucratic barriers. Advisors work in localized franchise partnerships, offering the flexibility to adapt to diverse markets while maintaining the core model. Blockchain and AI technology also support easy scaling and transparency, allowing RiskShare to reach and manage a global member base effectively.

6. How does RiskShare ensure compliance with local regulations in different countries?

  • Answer: RiskShare operates outside conventional insurance regulations because it facilitates direct risk-sharing rather than providing insurance itself. Since it neither collects premiums nor holds reserves, RiskShare avoids insurance regulations in most markets. However, local advisors are encouraged to stay informed about applicable laws in their regions.

7. What is RiskShare's competitive advantage, and how sustainable is it?

  • Answer: RiskShare’s competitive edge lies in its unique approach to risk-sharing, avoiding the high costs associated with traditional insurance companies by using a distributed P2P model. With at least 60% lower premiums, transparent transactions, and franchise-based growth, RiskShare is positioned to sustainably disrupt the insurance industry.

8. What are the main risks associated with RiskShare's business model?

  • Answer: Key risks include public adoption rates, advisor participation, and establishing trust in the P2P risk sharing concept. To address these risks, the platform leverages the high demand for premiums that are 60% lower. Additionally, the attractive advisor model, offering an income of €90,000 per year for managing 150 clients, facilitates the easy recruitment of advisors.

9. How does RiskShare plan to achieve unicorn status within five years?

  • Answer: By tapping into the global insurance market, valued at over €7 trillion annually, with an innovative P2P model, RiskShare aims to capture a large, unmet demand for affordable risk coverage. With strong demand for lower premiums and high advisor income potential, RiskShare’s scalable model and lean cost structure position it to achieve significant market share rapidly.

10. What support or funding is currently in place, and what are the future funding goals?

  • Answer: RiskShare has secured initial funding of €500,000 and is currently seeking €10,000,000 to advance technology, marketing, and operations. This capital will drive expansion, enhance the AI-driven platform, and support onboarding of advisors worldwide.