Europe: Peer-to-peer insurance - is this the future?
The sharing economy meets insurance - so is it time for reciprocity insurance contracts to take off? The peer-to-peer approach aims to strengthen the sense of responsibility between a group of people holding the same product line, while minimising the number of fraudulent cases. Although it remains a relatively unknown concept in the UK, it is gaining a foothold in Germany and other countries are also seeing the potential with new launches happening. Peer-to-peer insurance is being described as a...
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