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Insurance verified Verified Outcome TRL 9

Community-Based Retrospective Insurance

domain Client: Cyclists / Mobility Fleets handshake Provider: Laka schedule Deploy: 2018-Present
92 Impact
Enterprise Ready
Evidence Score: 5/10
Strength: High

Executive Summary

ANALYST: COI RESEARCH

A 'collective' insurance model where members do not pay upfront premiums. Instead, costs are calculated at the end of the month based on actual claims, with a capped maximum.

rate_review Analyst Verdict

"A genuine business model innovation. By reversing the cash flow (pay-later) and linking costs to actual community claims, it aligns incentives (members look out for each other) and builds extreme loyalty in niche verticals like cycling."

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Full Audit Report Available Includes Risk Register, Technical Specs & Compliance Data.

warning The Challenge

Cyclists felt traditional insurance was opaque and expensive, with premiums disappearing into a 'black box' even if they never claimed. The adversarial relationship (insurer vs. insured) led to distrust and high churn. High-end bikes were difficult to insure on standard home policies.

psychology The Solution

Introduced a retrospective payment model. Members pay nothing upfront. At month-end, the total cost of claims is split among the community (plus a fixed fee for Laka). If claims are low, everyone pays less. If claims are high, payments are capped at a guaranteed maximum. This transparency gamifies risk reduction.

settings_suggest Technical & Deployment Specs

Integrations
Stripe, Bike Registers
Deployment Model
SaaS Platform
Data Classification
Financial / Asset Data
Estimated TCO / ROI
Variable
POC Summary ( to )

"N/A"

shield Risk Register & Mitigation

Risk Factor Severity Mitigation Strategy
Capital Adequacy Medium Reinsurance backing for cap excess.
Member Growth Medium Partnerships with bike brands.

trending_up Impact Trajectory

Audited value realization curve

NPS significantly higher than industry average Verified Outcome
Primary KPIZero upfront capital friction for users
Audit CycleLower fraud rates due to community aspect

policy Compliance & Gov

  • Standards: FCA
  • Maturity (TRL): 9
  • Evidence Score: 5/10
  • Data Class: Financial / Asset Data

folder_shared Verified Assets

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Verified Case Study
PDF • Version 1
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Technical Audit
PDF • Audited
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Security Architecture

The "Blind Verification" Protocol

How we verified these outcomes for Cyclists / Mobility Fleets without exposing sensitive IP or identities.

Private
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1. Raw Evidence

Audit ID: #PRIV-564
Evidence: Direct SQL Logs
Public
public

2. Verified Asset

Outcome: Verified
Ref ID: #COI-564

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