What is P2P Insurance?
The core idea of P2P is that a group of like-minded people with mutual interests unite their insurance policies, introducing a sense of control, trust, and transparency while at the same time reducing costs.
Why is it beneficial?
This model of insurance combines traditional pooling and sharing of losses with current technology and innovations. In case of an insured event, the fund’s team will vote. So, there’s no central entity that could keep the clients’ funds. Each decision is made through discussion and voting, which ensures complete fairness and transparency.
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