Besure is a risk sharing platform developed to facilitate the process of self insurance among communities through our software. Pools are initiated and managed by groups, organizations and associations with shared risk.
With besure, communities are equipped with the tools and framework to invite members, exchange ideas, distribute risk of loss or damage and adjudicate their own claims. Besures community is powered with a Virtual Actuary, a system designed to quantify premiums and minimum participation levels to ensure the pools integrity. The overall objective of Besure is to help communities come together, so that they may, together, protect whats important to them. There is a gap between what "can" be traditionally insured (car, house, life, health) and what people "need" protected. Besure helps communities close this gap for themselves.
The concept of insurance was designed to help people get peace of mind by offering them security. A safety net IF something were to go wrong such as an accident, a break in, a sudden illness, or worse. Insurance has done a great job taking care of these "big things." But what about the smaller things, like a gadget, your glasses, or your favourite guitar? Many of these items are not protected for loss or damage by traditional insurance and even if it is, you risk premium hikes and deductibles that are higher than the item’s value.
Our team of Actuarial "mad scientists" have designed the virtual actuary. Our very own AI, designed to determine the the right amount of people and the right price required to launch a stable, secure pool. Once a pool reaches the minimum amount of people, protection is activated. When claims are made, pool members are appointed to the community court to adjudicate claims. At the end of the protection period, whatever is left over, is returned to the community!