Providing online financial risk management services that assists individuals and organizations to form into online groups for the purposes of compensating other group members that experience defined risk events, and which provides mechanisms for defining risk events for which group members wish to receive compensation, determining the fair value contribution of funds and financial resources to facilitate compensation for defined risk events, notifying group members when a risk event occurs, verifying the integrity of reported risk events and assisting groups and group members to directly compensate members that experience verified risk events, all provided via the internet and via computer, mobile, telecommunications and global communications networks; insurance services, namely, arranging and provision of insurance, assessing insurance cover and claims and processing insurance claims in the field of motor vehicle insurance, medical expenses insurance, personal property theft and damage insurance, home insurance, and business insurance claims; financial risk management; providing financial risk management services via the internet and via computer, mobile, telecommunications and global communications networks; financial insurance risk management services; providing financial insurance risk management services via the internet and via computer, mobile, telecommunications and global communications networks; advisory and consultancy services relating to financial risk management; advisory and consultancy services relating to financial insurance risk management; providing financial information in relation to all of the aforesaid services via the internet and via computer, mobile, telecommunications and global communications networks