Innovative Idea in Business Insurance
This innovative idea comes from Germany, is called friendsurance, and is an initiative that allows you to manage their own insurance claims among a select group of friends. Friendsurance allows users to create communities of up to 15 people who can help fill an insurance claim in the case of an accident.
These friends can be registered or register for a user account on Facebook, and once you have become a member, which can provide 30 to 50 euros to help meet the demand for a partner. When a claim exceeds the amount the group can provide, friendsurance then covers the rest of the claim.
The “social security” means many small claims can be handled without the need for participation friendsurance itself, reducing administration costs and therefore allows the company to provide cheaper services. Moreover, because the insurance claim is in charge of a group of trusted friends, is also expected that the model leads to a reduction in the number of fraudulent claims.
Currently offer home insurance for small claims, legal expenses insurance and other household type. Its creators claim that friendsurance when using this model are its policies save up to 70 percent more than its competitors.
Other types of services, business and company have already accepted and taken the concept of social networking, and apply to their business. This is without a doubt, it is refreshing to see an innovative business idea of ??these concepts. A model for inspiration to create or maintain the social networking business.