FairShare designs and delivers group-based insurance programs offering stronger coverage and more competitive pricing for various populations. The company restructures insurance economics so that surplus premium from well-performing programs is returned to the sponsoring organization. This model aligns incentives by ensuring financial success is shared between the carrier, participants, and the organization.
Funding
$2.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Organizations seeking to offer enhanced benefits and reduce costs for their stakeholders often face the challenge of retaining reinsurance profits, which are typically absorbed by insurance carriers. This limits the financial upside for sponsoring entities and the value proposition for their members.
Solution
FairShare Insurance designs and manages custom supplemental insurance programs that improve coverage and lower costs for policyholders. The core of our offering is a reinsurance structure that redirects 100% of the underwriting profits back to the sponsoring organization. We handle all program administration, including design, underwriting, distribution, and claims servicing, in partnership with leading fronting carriers. This allows organizations to provide valuable benefits to their employees, tenants, members, or customers with minimal operational overhead and a direct financial return. Our captive program also enables existing captive owners to reinsure supplemental insurance programs into their own entities, enhancing diversification and tax positioning.
Target Audience
Our primary clients are large organizations, including employers, property managers, affinity groups, and educational institutions, that wish to offer enhanced benefits and capture profit from supplemental insurance programs. We also serve brokers, consultants, and captive owners seeking to leverage these programs for their clients or entities.
Features
- Custom supplemental insurance program design tailored to organizational needs.
- Reinsurance structure that returns 100% of underwriting profits to the sponsoring organization.
- Comprehensive program administration, including underwriting, distribution, and claims servicing.
- Partnership with A-rated fronting carriers for program implementation.
- Support for existing captive insurance companies to reinsure supplemental programs.
- Offerings include voluntary benefits, employee benefits, and affinity programs.
- Broad range of supplemental coverages such as Legal Insurance, ID Theft, Group Auto & Home, Electronic Device Protection, Accidental Injury, and Critical Illness.
- Turnkey solution for organizations, requiring minimal internal resource allocation.