PROBLEM: OVERPRICED INSURANCE

One million self-employed individuals in the Netherlands face difficulties obtaining affordable disability protection. This demographic, which plays a vital role in the Dutch economy, encounters unique challenges compared to salaried workers, primarily due to the high cost and stringent terms of traditional insurance options. These options are often too expensive and offer unfavorable terms, leaving many without adequate protection against disability risk during their working life.

SOLUTION: P2P RISK SHARING

P2P risk sharing can address this issue by allowing self-employed individuals to mutually share the risk of disability. With P2P risk sharing, participants pay only for each other's claims without the intervention of an insurer or reinsurer. This eliminates costs ±30%, taxes ±20%, and profits ±10%, resulting in premiums that are at least 60% lower than traditional insurance, making the coverage more affordable and accessible. The P2P risk sharing scheme operates until participants reach retirement age, ensuring they have comprehensive disability protection throughout their working life.