Using a 350 year old model to create a 50% discounted Peer to Peer insurance scheme.
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.
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.
And Sebastian doesn’t have to be work as a lawyer.
The company website is Friendsurance.de
Get all the podcast episodes automatically downloaded, click on one of the links to the left or search in iTunes for “Your Story.”
Or use this link to iTunes by Clicking here.
If you use another Podcast software Get the feed here.
Support Your Story by commenting on this episode with one of the social network sites below or writing a review on iTunes
← If you want to record the Life Stories of others, listen to my other podcast at Create Your Life Story.com or on iTunes.
…Or have a look at some other great shows available at LifeStyle Pod Network→
Music is from
Find out more at Free Music Archive
“Northern Vision” (mp3)
from “In Emptiness”
(Ball of Waxx)
Buy at iTunes Music Store
Stream from Rhapsody
Buy at Amazon MP3
More On This Album