ONLINE SOCIAL NETWORK SYSTEM AND METHOD FOR COLLABORATIVE RISK SHARING

摘要

A system and method for collaborative risk sharing within a peer-to-peer social network is provided. The system and method allows transparent participation in event pools with other participating members who agree to in the same risk. Benefits are paid to participating members who receive a valid loss associated with the shared risk from enrolment funds paid by all participating members within the event pool. Funds received from participating members of one event group are not used to pay benefits to members of another event pool.