Topic: [IPL] VouchForMe | Distributed social proof insurance (Read 2719 times)

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vouchforme will host a webinar on April 23, leading speaker Aleš Tomažin, on the topic: P2P in action, Solidarity in insurance

Important announcement on Twitter today!


Euroins has 7% market share in Romania, Europe. Good starting point for VouchForMe.

will there be any new countries for testing or cases?

when any news or updates?

such a big changes in this industry need time  3 - 5 years

so a lot of patience will be needed for a success 

https://medium.com/vouchforme/first-version-of-the-vouchforme-live-678f1ac89d99

very good that you launch product so i think this idea of social proof will kick in 2019 2020 with adoption and next updates of platform

keep it that way team! 

He finds out the insurance companies do offer something that might help him lower the premium — deductibles. From an insurance company point of view, a deductible is an instrument for sharing the risk. In practice, a car insurance deductible is the amount of money an insurance client must pay for repairs before insurance covers the rest, in the case of a claim. In Peter’s example, the insurance company he would like to insure the car with offers a 30 % discount on his yearly premium for a 1000 EUR deductible. This would mean that for a 30% discount on the premium Peter will have to pay the first 1000 EUR of damages himself and the insurance company will then pay what is left of the costs to repair the damage.

Option A: The insurance premium without deductible: 1100 EUR/year

Option B: The insurance premium with 1000 EUR deductible: 1100 EUR — 330 EUR (330 = 30% * 1100) = 770 EUR/year

For a total immediate saving of 330 EUR Peter is exposed to 1000 EUR deductibles in the case he has an accident and files a claim. Even though he thinks there is a low probability he will file a claim Peter still feels the risk of having to pay the entire sum alone is too high and that he might struggle to cover the entire amount of the deductible himself in the case of a claim.

In the next post, we will meet Peter’s friend Sarah and see how she uses VouchForMe.

Until then, you can check the VouchForMe and share your existing motor or health insurance at https://pls.vouchforme.co/.

maybe in future add some real cases for healthcare insurances

Social proof concept will rule the world   step by step  country by country   

VouchForMe assisted Peter in the process of inviting friends and family to vouch, created agreements between Peter and the people who were willing to guarantee for him and back him financially. In the case of a claim, VouchForMe will facilitate the process of collection of the amounts the people have vouched for.

In the next post, we will meet Peter’s friend Sarah and see how she uses VouchForMe.

Until then, you can check the VouchForMe and share your existing motor or health insurance at https://pls.vouchforme.co/


can't wait for next post    for use case how to use Vouchforme platform!  Education of us investors is the key to success   hope platform will works fine

VouchForMe Use Case #1 — Sharing Car Insurance Deductible with Friends

https://medium.com/vouchforme/vouchforme-use-case-1-sharing-car-insurance-deductible-with-friends-3affa390a817

when companies will be onboarded and clients - platform will become alive and adoption will be here  can't wait 2019 2020 will be deff. huge

congrats for working platform

https://pls.vouchforme.co

will test it today or tommorow

dude check www.vouchforme.co  you got everything there on website  or use google   

good article i must say - but still where can i read more about Vouching and social proof concept?

Fintech Predictions for 2019. Where We Have Been & Where We Are Going

Fintech Predictions for 2019. Where We Have Been & Where We Are Going. Shared risk platforms VouchForMe

https://www.crowdfundinsider.com/2019/01/142878-fintech-predictions-for-2019-where-we-have-been-where-we-are-going/

i like this social proof idea and i see that platform already implemented it

i hope for big companies to join  so there will be good demand and adoption in future

i really want that this project will succeed first in europe - then worldwide

Now we are developing web app. Future developments might be also supporting ios and android app.

will there be an android and ios   app of platform?


The app is available at https://pls.vouchforme.co



thanks for answer  vouchforme team

VouchForMe harnesses the power of social connections among friends to reduce the costs of insurance services. Register and start using https://VouchForMe.co

How it works


Based on a personal risk assessment, a guarantor vouches for a trusted friend by means of a financial guarantee.


The collected amount enables individuals to obtain a higher discount for insurance services, while the guarantor commits to cover for the guaranteed amount in case of a claim.


Vouching creates a positive incentive for the policyholder to act responsibly also in the future.


Through vouching, the entire network becomes more risk aware, encouraging a positive change in behavior.


Benefits

Individuals
leverage the power of friendships to lower insurance costs


Businesses
gain alternative risk assessment tool with higher accuracy and significantly lower costs


Society
becomes more risk aware, encouraging a positive change in behavior


VouchForMe Use Cases

Insurance
Motor and health insurance
– B2B2C –


Rental
Motor and property rental
– B2B2C –


Business Transactions
Risk assessment tool
– B2B2C –


Unlimited
Stand-alone, insurance carrier independent version
– B2C –


https://vouchforme.co/