Crowdsource what we know about P2P Insurance

Genome A

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 I am summarising the key things we know so far. This summary level is appropriate for the 10,900 Daily Fintech subscribers (busy leaders in Fintech and FinServ) who want actionable summaries. Those who want to go deeper and engage with those who are equally passionate on this subject should go to this thread on the Fintech Genome and engage in conversation with their peers and share knowledge.

We crowdsource knowledge by asking questions such as:

  • Is this the definitive list of P2P Insurance ventures?
  • Is Blockchain the secret sauce in P2P Insurance?
  • Is P2P insurance a game changer or a mirage?

Is this the definitive list of P2P Insurance ventures?

We list 12 that we know about. On the Genome, 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 note any missing companies in comments.





Hey Guevara








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. The P2P ventures that are publicly showing that they are using Blockchain are:



Pleas add any that we have missed.

For the theory behind Blockchain and Insurance go here.

Is P2P insurance a game changer or a mirage?

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? The conversation is happening here on the Fintech Genome.

Daily Fintech Advisers provides strategic consulting to organizations with business and investment interests in Fintech & operates the Fintech Genome P2P Knowledge Network. Bernard Lunn is a Fintech thought leader.


  1. Hi!

    Thank you! I read your email daily, and I am fascinated by the disruptions that will come in asset management, securities research, and (especially) insurance. I understand the P2P concept as it relates to insurance. However, I can’t get my arms around three things:

    (1) How will the “insurer” price risk? Insurance companies have armies of actuaries to assess risk and set premiums. I assume most “peer” purchasers do not have this information. (2) How will the be held accountable for claims payment? The infrastructure associated with reserves, fraud assessment and payment processing is massive — presenting an opportunity and also the possibility of delayed payment and dissatisfied customers. (3) Finally, how and where will reserves be established and managed? Clearly, the cost of reserve management falls as the amount of reserves increases.

    I didn’t post these questions publicly because I thought your other readers might be more knowledgeable. If you know where they are answered, please let me know.

    Thank you again!


    Theresa Gusman Mobile: +1 970-274-8418


  2. Other P2P insurance companies I’ve heard of are: Glow First (Canada), Gather (USA), Besure (Canada), Broodfonds (Netherlands), CommonEasy (Netherlands), CycleSyndicate (United Kingdom), SHAcom (Taiwan), WorldCover (International), Riovic (South Africa), WeSURA (Columbia), Insure A Peer (USA), Uvamo (USA), so-sure (United Kingdom), Gaggel (United Kingdom), Allied Peers (United Kingdom), Hudddle (Australia), and PeerSure (South Africa).

    I’d also think the United States Christian Health Share plans are P2P insurance. They include: Samaritan Ministries (USA), Christian Healthcare Ministries (USA), and Christian Care Ministry (USA)

    Also, I don’t think BoughtbyMany is P2P insurance. It is just group purchasing power to get insurance discounts.

    • Thanks. Great data. Somebody else pointed out my mistake on BoughtByMany, corrected that. The others are new to me and show how fast this is changing and why crowdsourced knowledge is the way forward. If you can go to the Fintech Genome thread and comment there it is ideal. I will send you an invite from the service, making it 1 click for you (but anybody can register, we only require real ID).

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