Friendsurance

Friendsurance is a peer-to-peer insurance platform that combines traditional insurance with social networking. Instead of paying solely to an insurance company, members form groups—often with friends or similar risk profiles—contributing premiums into a shared pool. If no claims are made, members receive part of their premiums back as rewards. The platform leverages the collective trust and social connections to reduce costs and promote transparency. This model encourages safer behavior, lowers premiums, and offers a more engaged insurance experience by integrating social elements into the traditional insurance process.