Undo 200 years of corporatised insurance.
Picnic is a decentralized insurance collective offering Motor, Home & Contents and will have the backing of a fully regulated insurance licence.
Picnic is a decentralized insurance collective offering Motor, Home & Contents and will have the backing of a fully regulated insurance licence.
The Picnic Collective will be fully licensed and underwritten - allowing Picnic to design and underwrite simple, easy to understand and fair policies.
Insurance is a USD 5 trillion market globally. Picnic will be uniquely positioned to capture the mass market with an underwriting licence in key markets, for life's most valuable assets - Motor, Home & Contents.
The Picnic Insurance Coin is being designed to meet securities regulations. Our tokenomics encourage low volatility, with on-market buybacks, deep-freeze limiting supply and unused investor funds redemption in the event of windup.
Picnic is structured to provide a fair return to initial supporters for funding the project. With no corporate shareholders , an operating surplus will fund future premium discounts for members.This allows the Collective to pursue its primary mission of fairness in insurance for members.
Some insurance products are designed to maximise an insurance company’s profit and minimise risk. Ours aim to be simpler in design, with fewer exclusions and greater coverage. Picnic’s claim peer-review ensures the Collective's voice is heard and claim fairness prevails.
As a Mutual, our interests are completely aligned with members. Using the blockchain, we are able to lift the corporate veil of secrecy further to be more transparent.
An insurance organisation must respect the necessary regulations of the countries in which it operates. Picnic Collective will operate under our own fully-regulated insurance licence, providing members with security and certainty.
Organisations exist to serve communities, and have a 'social contract’ with them. Corporations that harvest extreme profits at the expense of their community break this. We believe our obligation is to enrich the communities in which we serve.
Picnic is built as a lean, digital business, and creates operational efficiencies that are difficult for incumbent insurers to match. This allows Picnic to offer lower premiums and share surplus (profits from corporate insurers) with members as discounted future premiums.
Chief Executive Officer
Chief Operating Officer
Advisor
Advisor
Chief Technology Officer
Chief Actuary Officer
Chief Experience Officer
Legal and Compliance
Meet us at
BLockchain & Cryptocurrency Conference
Dallas, USA, 22nd to 24 February, 2018
BLockchain & Cryptocurrency Conference
Dallas, USA, 22nd to 24 February, 2018
