Description:
We live in a complex risk environment with emerging risks keep rising. One of the solutions to deal with risk is to transfer the risk to an insurance company.
Insurance agents and brokers are operating many times as transactional salesman and not advisors and furthermore, they don't use scientific methods to consult citizens and corporations in this critical matter of risk management.
So the image of the insurance intermediaries is not what it should this important role deserve.
On the other hand humans have some brain function revealed by neurobiology studies that work as defense mechanism and they prevent the human brain to think efficiently about future risks making the brain over-optimistic.
Lastly, every human brain has a fear tolerance level and when you exceed this level the brain "freezes".So the fear consulting model especially today that the consumer has already a high level of fear in his mind cant work anymore. To solve this problem we invented a methodology and two innovative software implementing the science and principals of risk management in the insurance sector for scientific risk profiling.
With our software and methodology based on the science of Risk management we can give a scientific risk diagnosis measuring the hazards with specific factors based on the ISO 31000 ( probability - impact - reactivity and KRI's - velocity and duration - predictability ) so the corporation or the individual will be scientifically warned about the insurable risks and their prioritization and quantification .Also, we used some neurobiological studies to bypass some brain functions and to bypass a mechanism of the mind called "The optimistic bias" and makes people more optimistic and also makes them want to avoid considering future risks.
We implemented the gamification methodology to overcome this brain mechanism and also "fear profiling and fear tolerance methodology" to help them not freeze in front of the consultancy of future risks.
So if we bypass the prejudices and defenses of the mind of the entrepreneur -and with a scientific risk diagnosis and reporting he can "see" the whole picture clearly and have the data to take right decisions about risk and we will have viable corporations. We are the very first company in the world to combine and integrate in the insurance sector the science of risk management and the latest research in neuroscience on risk perception and decision making. We are also implementing AI and big data to our analysis. So far there isn't any other organization providing something similar even remotely. We are pioneers in our industry. Other organization that have educational programs for insurance advisors still train with the "sales model" using fear in the approach and the sales process is pressing, subjective, not based in any science, and it's really not prioritizing or quantifying the risks with any scientific methodology. We won already an innovational Prize from the chamber of industry in Cyprus. Link 1st Place - Best startup ,category EDTECH ,organization Institute of Entrepreneurship Development (iED) - We will represent Greece to the paneuropean contest for the best start up Link Finalist MIT enterprize Forum Greece - Startup contest Link 4) Finalist at the start up global competition GET IN THE RING in Greece Link
We have already collaboration with big companies In Greece and Cyprus but we are in the final stages to finish a strategic partnership with some huge organization that represents the Insurance Industry in Europe - USA and globally. Also, our certification was accredited from the University of Piraeus and we collaborated to make a new division and together we will release a Certification on "Insurable Risk Management" to recruit talented people in the Global market of insurable risk management and upgrade the insurance constancy.
We also collaborate to make a research center to implement principles of Artificial Intelligence and Big data into Insurable Risk Management. The certification that we provide is fully digital with webinars and e-learning platform and the software cloud-based and translated into many languages. With internet marketing strategies we can penetrate to the global market So far we enrolled in the first three years approximately 1000 insurance agent and brokers in Greece and Cyprus with outstanding results and we managed to help them raise their revenue from 25% to 200% and we have amazing testimonials available on video. A small sample in this video Link The biggest Cypriot insurance company Cyrpialife (member of the French CNP one of the biggest insurance companies in the world) is using our platform since 2016 . Also with collaboration with a university in Greece - University of Piraeus we managed to present this new career path to talented graduates and we managed to enroll over 150 students to our certification program and software use and they will be the new scientific advisors in the new era of insurance consulting. We plan to scale that even more in Greece and globally and solve one of the biggest problems of the industry. We think that we can reform - rebrand - and re-engineer the insurance industry and be the game changer factor!
Our final goal to have a more risk aware and safe society in a so complex risk environment with emerging risk and needs.
