Using a 350 year old model to create a 50% discounted Peer to Peer insurance scheme.
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You hate insurance, I hate insurance, we all hate insurance but we all know, when things go down the toilet, it’s good to have the safety net to help us recover.
Like all of us, Sebastian Herfurth hated insurance also but after deciding he didn’t want to work in law, thought, there had to be a better way for insurance, using the power of modern social networks. This is simply reinventing the forgotten system from the history of insurance of 350 years ago, when friends and colleagues would group together to spread the risk of damages.
Sebastian Herfurth
The reason we don’t like insurance is we’re dealing with a gargantuan, faceless company and we never see benefits unless something goes wrong.
If we’re a good risk we see little benefit.
Sebastian and the team at Friensurance are taking that model of insurance and turning it on its head. If we do the right thing, not to abuse the scheme and make no claims, we’re rewarded with up to a 50% refund of our insurance premium.
This scheme is all about using the opinions and good will of our social network to encourage risk minimisation and avoid people who may defraud the scheme.
It’s simple really…
- Buy insurance through Friendsurande from a large traditional provider.
- Group a good risk, social network to share the policies.
- Claim when needed but not abuse.
- If no claims are made, receive a refund of 50% at year’s end.
High risk individuals whose social network isn’t interested in supporting them would still have to purchase tradition insurance at the normal 100% cost.And Sebastian doesn’t have to be work as a lawyer.
The company website is Friendsurance.de
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