The Fintech Genome was designed as a P2P Knowledge Platform, where people share knowledge and insight. So what better subject to crowdsource than P2P Insurance, heralded by many as the game-changer in an industry that has hardly changed in 300 years. Today we gather information by asking the following questions:
Is this the definitive list of P2P Insurance ventures?
We list 12 that we know about. This is a Wiki. You can edit this list directly (as long as you are a Member of Fintech Genome with Level 1 status or higher). If not, please not any missing companies in comments.
Jointly
Dynamis
FriendSurance
Hey Guevara
Inspeer
Versicherix
Teambrella
Inspool
Lemonade
PeerCover
TongJuBao
Is Blockchain the secret sauce in P2P Insurance?
Blockchain is a disruptive technology that facilitates value exchange between strangers. P2P is a disruptive business model that enables strangers to aggregate to get better insurance terms. Theory says that they should go together like horse and cart. I decided to crowdsource research into that that theory by asking Fintech Genome Members to contribute their knowledge and insights. The P2P ventures that are publicly showing that they are using Blockchain are:
Teambrella. Thanks to @RickHuckstep for clarifying that although the Teambrella site pitches āTeambrella is the first peer-to-peer insurance service powered by Bitcoinā, they use Bitcoin as the mechanism for internal movement of funds among peers, but donāt use Blockchain as their tech base.
Please add any that we have missed.
Is P2P insurance a game changer or a mirage?
On Thursday we will put this as a Poll to Daily Fintech readers. Tell us what you think here.
One case for game changer is described here.
One case for mirage is described here.
Tell us what you think. Is P2P insurance a game changer or a mirage?