Insurance is all about creating pools of risks, and peer to peer looks at creating these pools in different ways, and harnesses technology in ways that most insurers do not do- and many will not do so until it is too late for survival.
Peer to peer will stimulate change and make insurance quicker, simpler and more transparent.
The Japanese use of electronic starter snd comfortable riding did change motor cycles as two wheel machines- but made them better for the customer- and companies who did not change went out of business.
Bankers laughed at peer to peer lending-they now fight to get involved.Few current p to p insurance platforms will survive, but they can cause a sea change in how insurers deal with customers.
Ian Youngman- author of “Peer to Peer Insurance – a brief guide”- out this week
Insurance is all about creating pools of risks, and peer to peer looks at creating these pools in different ways, and harnesses technology in ways that most insurers do not do- and many will not do so until it is too late for survival.
Peer to peer will stimulate change and make insurance quicker, simpler and more transparent.
The Japanese use of electronic starter snd comfortable riding did change motor cycles as two wheel machines- but made them better for the customer- and companies who did not change went out of business.
Bankers laughed at peer to peer lending-they now fight to get involved.Few current p to p insurance platforms will survive, but they can cause a sea change in how insurers deal with customers.
Ian Youngman- author of “Peer to Peer Insurance – a brief guide”- out this week