Peer-to-Peer Insurance: Why it may not replace traditional insurance?
Several weeks ago, I did an article explaining the basics of Peer-to-Peer (P2P) insurance. In the article, I also touched briefly upon how P2P insurance combined Blockchain is challenging traditional insurance. P2P insurance is not all that new concept: The idea of getting together and pooling resources to cover for the risk of the group has roots in the 19th and the 20th centuries.
Read the full article here: https://www.fidentiax.com/insuranceblog/peer-to-peer-insurance
Questions? Sumit Ramani(Chief Actuary of fidentiaX) will be live on fidentiaX Twitter account on 22nd April, 8PM at 8PM Singapore Time.
Disclaimer: The article has been written with an aim to broadly explain an otherwise complicated and technical topic for readers with little or no insurance background. Hence, it doesn’t have finer details but is still broadly correct. The readers are recommended to take advise from their respective financial advisers before taking any financial decision.
About the writer: Mr Sumit Ramani is the Chief Actuary of fidentiaX. He is a qualified Life actuary and a computer science engineer with over a decade of experience in (re)insurance business with a focus on modelling of life and health products, peer review and business analysis.