21.08.2017: Peer to peer insurance – Aktueller Artikel in Insurance Business

Article written by Veselina Milanova and Peter Maas, Institute of Insurance at St.Gallen University

All for one and one for all is the mechanics behind peer-to-peer insurances. Will they disrupt a centuries old industry?

Sharing everyday objects such as drills and cars, lending money to other people, offering small services like cooking dinner for strangers or teaching others some skills – the list of what people can do within the sharing economy is growing daily. A study of the European Commission records the accelerated growth of the sharing economy and quantifies its transactions in 2015 at 28 billion euros across Europe, up from 10 billion euros in 2013. The rise in both usage and transaction volume clearly shows that the sharing economy is here to stay.

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