Peer-to-peer insurance will revolutionise insurance industry, says former AIG exec

Lemonade, which is set to launch fully in the first half of this year, claims to be the world’s first peer-to-peer insurance carrier. While similar ventures have been launched in Europe, they tend to be managed by brokers as opposed to being a fully regulated insurer with the requisite security.

The company has been guarded on exactly how its offering will work simply stating that it will harness “the power of behavioural economics and the sharing economy, delivering to consumers an insurance experience that is instantaneous, un-conflicted and downright delightful”.

Via Intelligent Insurer

Peer-to-peer insurance will revolutionise insurance industry, says former AIG exec

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