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Peer2peer Insurance Global 2018

June 2018 | 350 pages | ID: P54B463D7D1EN
Ian Youngman

US$ 1,562.00

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New technologies, including Peer-to-peer (P2P) insurance, have the potential to significantly reshape the insurance landscape in the future.

A P2P insurance model is typically a small group of friends, family members or individuals with similar interests, who team up to contribute to each other’s losses. In effect, each of the insured assumes responsibility for the entire group’s risk profile. Each of the members are therefore motivated to keep their individual risk as low as possible to benefit the rest of the group.

There is a fine line between true peer-to-peer insurance with upfront or retro premiums, and membership clubs that offer insurance as the main part of the deal.

A new wave of peer-to-peer insurance using blockchain technology and selfgoverning models has recently emerged. Under the self-governing model, policyholders within the community collectively manage all insurance functions, such as setting policy rules, accepting new members, making and approving claims, and paying reimbursements.

Companies offer or plan to offer home, car, life, pet, health and other insurances in a new way.

The work done by traditional insurers- quotes, claims management, and administration can be handled by software and smart contracts.

Peer-to-Peer Insurance is accused of being just a modern take on the ancient principle of sharing risk. The market responds by claiming that the insurance industry has been known to be dull and ripe for disruption for a long time. If you look at what old and new insurers, large and small are now doing, this is utter rubbish.

More insurance companies are now competing directly with P2P insurance companies and start-ups.

Lemonade is high profile but is losing money, while others around the world vary from struggling to quietly successful.

Insurers and brokers need to know it the threat is real or not- and if they can borrow ideas and learn lessons from the newcomers
INTRODUCTION

Global overview
Customer centricity
History
Key trends
Regulation overview
European Union

COUNTRY BY COUNTRY REGULATION

Abu Dhabi
Australia
Canada
China
Colombia
Czech Republic
Dubai
Estonia
France
Germany
Gibraltar
Hong Kong
Ireland
Italy
Japan
Luxembourg
Malaysia
Malta
Montenegro
Netherlands
New Zealand
Norway
Russia
Singapore
South Africa
South Korea
Switzerland
Taiwan
Thailand
United Kingdom
USA

BUSINESS MODELS OVERVIEW

PolicyPal Singapore
Business models as insurers
Business models as brokers
Business models as platforms only
How insurers make money
How brokers make money
How platforms make money
Payment systems
Claims
Customers
Distribution
Costs
Mutuals
Reinsurance
Innovation
Sharing economy
Social media
Reputation economy
Bitcoin
Technology
Blockchain technology
Blockchain and insurance
Blockchain Ireland
Smart insurance contracts
Decentralised autonomous organisations
Future
Profiles
Allied Peers
Axieme
Bandboo
besure
BitPark
BoughtByMany
Broodfunds
CommonEasy
Craolo
Cycle Syndicate
Darwinsurance
Decent
Dynamis
Fair Dee
First Club Insurance
Fo-Sho
Friendsurance
Gaggel
Gather
Glow
goBundl
Guevara
Huddle Insurance
Insbee
InsChain
InsPeer
Inspool
insureapeer
InsurePal
Intercare
Jetty
Jointly
KarmaCoverage
Laka
Lemonade
Lfn
Naked Insurance
N26
Otherwise
P2P Protect
PeerCover
PeersMutual Protection
PeerSure
Pineapple
Prince Insure
Quark Alliance
Quilt
Riovic
SHAcom
so -sure
teambrella
TongJu Bao
TribeCha
Tribe
Tribe Cover
Turtleneck
Unknown
Uvamo
Vernam
Versicherix
Vouch Insurance
Wecover
wekeep
Wesura
WorldCover
Zero
Zhongtuobang


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