New technologies, including Peer-to-peer (P2P) insurance, have the
potential to significantly reshape the insurance landscape in the future.
A new wave of peer-to-peer insurance using blockchain technology and
self-governing 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. 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.
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.
and many more….
Key Topics Covered
2. Global overview
3. Customer centricity
5. Key trends
6. Regulation overview
7. European Union
8. Country by country regulation
9. Business Models overview
10. How insurers make money
11. How brokers make money
12. How platforms make money
13. Payment systems
21. Sharing economy
22. Social media
23. Reputation economy
26. Blockchain technology
27. Blockchain and insurance
28. Blockchain Ireland
29. Smart insurance contracts
30. Decentralised autonomous organisations
For more information about this report visit https://www.researchandmarkets.com/research/lr3gt7/global_peer2peer?w=4