Insurance just got more affordable
Use the power of your social network to lower the cost of insurance.
VouchForMe can help.
VouchForMe is an online social proof platform for gathering guarantees that cuts your insurance premium costs.
Use the power of your social network to lower the cost of insurance.
VouchForMe can help.
VouchForMe is an online social proof platform for gathering guarantees that cuts your insurance premium costs.
is a psychological phenomenon in which people are influenced in their decisions and actions by mirroring other people or social groups.
Family and friends show their trust with a financial commitment that is triggered only in case of an insurance claim. The group backing is social proof and insurance company rewards you by lower premium.
The higher the risk and commitment from you and your friends or family, the lower your cost of insurance. In a system based on sharing, the key component is group trust.
In case of a claim, the deductible will be split proportionally between members of the group who trusts you and one another. But only up to the set amount they guaranteed for, with no hidden fees or additional risk.
VouchForMe is an online tool where family and friends can show they trust each other. That is why everyone will pay less for insurance. Simple as that.
VouchForMe identifies responsible individuals from those who just don’t care. An effective, reliable and cost-effective segmentation and risk assessment tool.
Social proof is the best example of a self-regulated society. VouchForMe promotes responsible behaviour that is built on trust in groups of friends and family.
It’s certainly different from what the majority of insurance companies are doing at the moment. The idea that you can reduce your premiums in any way is a good thing, especially if you look at my age group. As a young male driver, I tend to have much higher premiums as being in the high-risk group, so definitely to be able to get this premium down is a great thing. I think that for the people of my demographic it would be quite an attractive idea because we tend to have quite big social groups, friends who I might vouch for and they vouch back and you both get reduced premiums because of that.
I think it’s a brilliant idea especially for parents who want to insure their children because buying a car is already expensive. I think the idea really appeals to mums, dads, grandparents for new drivers. It’s a great opportunity to show how someone is trustworthy by having people vouch for them. I think it would be a huge success with families and VouchForMe is something I will 100% sure look into for my girl when the day will come. Nowadays, you can get a cheap car but the insurance that always bumps up prices.
27.05.2020If you had to, could you survive on your savings alone? Most people couldn’t. 15% of Brits have no savings, and 33% have less than £1,500. When broken down by age, the picture for the young is particularly bleak, with 53% of 22–29-year-olds having no savings. So if you don’t have savings, what happens if you get ill?
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21.05.2020An affinity group comprises of a group of people linked by a common interest or purpose. They can be social or professional, and for years insurance companies have offered cheaper and tailored insurance premiums for affinity groups.
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21.05.2020Buying car insurance can be a daunting task. Should you choose a third-party policy or full coverage? How high should the deductible be? Why are policies so much cheaper for different people. The more you understand about insurance, the easier it is to get a policy that’s right for you.
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13.05.2020Like much of Europe, to prevent the spread of Covid-19, the UK has been locked down for six weeks. With people now only leaving the house for the weekly shop, car usage has dropped by 75%, with mid-April having traffic levels comparable to 1955. Should this mean lower premiums for drivers?
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30.04.2020As the world starts to get slowly back to work, many workers are beginning to see the value of income protection. Last week Aleš Tomazin, Head of Business Development, presented our second webinar, which focused on the rise of peer-to-peer (or P2P) insurance.
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23.04.2020With our second webinar around the corner, we decided to look back to our first webinar where Ales Tomazin discussed the role of insurance in the age of a peer-to-peer economy. Here’s what we learned.
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13.05.2020If you aren’t focusing on customer engagement, you’re missing out. Younger generations grew up with social media, so they are used to interacting with brands at the touch of a button.
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09.04.2020Traditionally insurance companies managed without focusing on customer engagement. Things are changing, with social media marketing, influencers, and personalization as well as the rising buying power of Millenials and Generation Z.
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26.03.2020Every action that an individual takes, involves at least a small element of risk, and risk management is a part of life…For businesses, it’s about the steps you can take to protect your income and property. Follow these steps and become a master of risk management.
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18.03.2020The impact of the coronavirus pandemic has shocked Europe. Most freelancers have no insurance or income protection, and the pandemic is showing how quickly people struggle when out-of-work. Income protection is a peer-to-peer alternative to traditional insurance…
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11.03.2020Insurance is set to change and customers are set to benefit. The expansion of the Internet-of-Things (IoT) has expanded the use of telematics. Do you ever drive at night? Or use country roads? Installing a black box might mean you pay more for insurance.
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04.03.2020The Internet of things has changed the way we shop, interact and exercise. Will it change the way we insure our cars? Without a doubt.
Here are 5 ways that tech will make the insurance industry unrecognizable.
26.02.2020Even if you’ve never heard of a peer-to-peer (P2P) network, you’ve probably made use of one. Is P2P something we can use in our everyday social life? You’ll be surprised when you find out that…
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22.02.2020VouchForMe will present their products and introduce the important of social proof, discuss new disrupting models on insurance market and more.
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12.02.2020Freelancing is on the rise, but insurance offers little to freelancers, as premiums are sky-high. Is our Income protection right answer for them? Click here and find out more.
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05.02.2020Following our interview two weeks ago, where Jacob discussed VouchForMe’s goals and target markets. We sat down with Jacob once more…
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29.01.2020Insurance executives, partnering with VouchForMe can reduce the frequency of claims. Click to find out more.
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