GroupPurchase

§  Usersformagrouparoundaninsuranceneed

§  SocialInsuranceactsasanintermediarytonego6atewithinsurancecompaniestogetbe:erdealsforgrouppurchases

§  Theinsuranceneedsforgrouppurchaseareusuallynicheneeds

Model Descrip2on Structure Players

1

PremiumPooling

§  Usersformagrouparoundaninsuranceneed

§  Eachpaysapremiumwhichgoesintothecommonpool(dependingonthemodel,apartgoestofundthegroup’sinsurancepolicy)

§  Mostmodelsincludenego6a6onwithinsurer

§  Claimsarevalidatedbythepeergroupandpaidoutofthecommonpool(dependingonthemodel,bigclaimswoulds6llgothroughtradi6onalinsurance)

§  Groupswithnoorfewclaimsgetabonusattheendoftheperiod

2

OnlineInsuranceNetworks

Tradi2onalInsurer

SocialInsurance

PremiumPool

$$$$$$$$$$$$$$

Insurancepremium

Claims/Claim

s-freeBonus

Bigclaims

OnlineInsuranceNetworks

SocialInsurance

Tradi2onalInsurer

Nego6ate

InsurancePremium

Commission

Market-Place

§  OnthemodelofP2Plending,themodelaimsatconnec6nginsuranceseekersandinvestors

§  Applicantsgetaquoteforabasepolicy,andcancustomizethecoverage(withimpactonpremium)

§  Premiumsaregroupedintoapool

§  Outsideinvestorsinvestmoneytobackthatpool,makinguptherequiredcapitalreserve.TheygetprofitfromtheextrafundsleSinthepoolaSeralltheclaimshavebeenpaidout

3

Decentra-lized

AutonomousOrganiza2on

§  Applica6onsapprovalsareautomatedandfullytransparent,relyingonpeersfeedback

§  Premiumsareheldinescrowthankstoasmartcontract,andareusedtopayclaims–onethattheyarevalidatedbythepeers

§  Themodelcanusepolicyholders’socialcapitaltoreplaceriskunderwriters

§  Asanexample,supplementaryunemploymentinsurancecanrelyonLinkedInasareputa6onsystem:applica6onsandclaimsareapprovedbysocialnetworkpeers,relyingonLinkedInstatus

4

InsuranceSeekers

OutsideInvestors

PremiumPool

$$$$$$$$$$$$$$

Payinsurancepremium

Invest$tobackthepool

Claims

ExtrafundsleS

inthepool

PremiumPool

$$$$$$$$$$$$$$

SmartContractPlaXorm

InsuranceSeekers

Payinsurancepremium

Automated&Transparent

Claims

§  SocialInsurancestandsforpeer-to-peermechanicsappliedtotheinsurancebusiness,leveragingthepowerofpeercommuni6es,butalsoonsocialnetworksorblockchainprinciples

§  ItisenabledbytechnologiessuchasdigitalplaXorms,scoringalgorithmsorsmartcontracts§  Theconceptanswerstheusers’needsoftransparency,empowermentandacommongoalofloweringthepremiums

whilebenefiZngfromacustomizedinsurancepolicy

WHATISSOCIALINSURANCE?

HOWISSOCIALINSURANCECHANGINGINSURANCE?

CHAPPUISHALDER&Co.Nevermissoutonthelatestinnova2onsinFinancialServiceswithwww.fintank.net