Blockchain technology and peer-to-peer (P2P) insurance model are reshaping the insurance landscape, according to the latest Peer2Peer Insurance Global 2018 that was released through ResearchAndMarkets.com.
The study defines a P2P insurance model as involving a small group of individuals or family members, or a small group of friends sharing the same interests, who collaborate to contribute to protecting each other's interest. Under the setup, each member of the insured assumes responsibility for the group's risk profile.
This makes members of the group or family sufficiently motivated to keep their risk profile at a minimum to get the maximum benefit for the rest of the org...
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