Picnic's Platform-as-a-Service, enables the creation & support of digital self-insurance pools. Customers (as Members) own the Pool & all profits are reinvested back in the Pool to build strength & reduce future premiums.
Insurance is becoming increasingly conflicted, unaffordable & unavailable. Characterised by increasing premiums, small print exclusions, worsening claims experiences & a continual focus on maximising shareholder returns at the expense of customers.
$39 billion paid to insurance company shareholders in the past 10 years in Australia. Redistribute this value through a model that shares all insurance profit with customers.
Picnic's Platform-as-a-Service, enables the creation, support & operation of digital self-insurance pools. Customers (as Members) own the Pool & all profits are reinvested back in the Pool to build strength & reduce future premiums.
We’re returning the right business model to insurance and risk protection – one where members are always at the heart. A Picnic Self-Insurance Pool allows Members to benefit from keeping all the profit from self-insuring & the power of reinsurance group buying combined with aggregated risk diversification. The pool pays for smaller losses and reinsurance is in place to cover large losses.
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Reinsurance layer: Excess of Loss cover (per claim & per event), Pro-rata cover & Stop Loss cover.
Global, highly rated reinsurers.
Mutual retained layer: Claims cost to reinsurance cover point. Surplus funds retained for the benefit of members.
Member retained layer: Customised for each member.
Meet the team behind Picnic Labs.
An entrepreneur with a successful exit, technology leader & NFP Director.
BBus, MAICD
Deep actuarial, pricing & operations experience. Most recently Youi Chief Actuary & ExCo.
BEc, FIAA
Digital marketing, customer acquisition, digital innovation in insurance.
DEd, GD IS, MA, MAICD
Extensive actuarial, pricing, risk & regulatory experience across finance & insurance.
MSci (Hons) FIA FIAA CERA
Human centred customer experience, technology, business design, & transformation.
Grad Cert Business Admin, Dip Project Mgmt
Responsible Manager, and Risk and compliance specialist with more than 25 years in insurance
BCom, FGIA,FCIA, GDACG, Dip Fin Serv
Extensive actuarial, pricing, reinsurance, reserving, capital management, product development, regulatory experience across finance & insurance.
MBA, FIAA, CERA, BSci
Specialist in financial lines product design, brokerage, underwriting, claims & reinsurance.
ANZIIF (Snr Assoc), CIP
Extensive technical expertise, solution architect, technical BA, developer and operations support.
BBus (Comp, ICT)
Level 5, 23 Camomie St
London, England
EC3A 7LL
Level 4, 11-17 York St
Sydney, Australia
NSW 2000