Rethinking insurance
Question # 1 How can peer-to-peer insurance help people?
Transparency is one of the biggest benefits of the peer-to-peer insurance model.
https://www.ft.com/content/c4bd7bcc-872f-11e6-a75a-0c4dce033ade
In peer-to-peer insurance, the money that is left at the end of the year is 1. given back to the customers, 2. used to reduce next year’s premiums, or 3. given to a cause / charity. https://www.ft.com/content/c4bd7bcc-872f-11e6-a75a-0c4dce033ade
If – during a year – people have not used what they paid into their https://www.friendsurance.de, they get their money back.
http://blog.riskgenius.com/peer-to-peer-risk-sharing
Every month, people who use http://www.tongjubao.com/ are informed about 1. the number of claims and their amounts, 2. if claims are accepted or not and why. If a community has a lower risk than the national average, people get a part of their fee back.
http://www.tongjubao.com/
What https://lemonade.com/ is all about: 1. We’ll pay fast. Cheers for technology. 2. We’ll show you where your money goes. Radically transparent. 3. We’re driven by a community-focused and do-good culture. We give back leftover money to a cause you believe in.
https://blog.lemonade.com/2016/08/30/hello-world/
6 other examples of peer-to-peer insurance: http://www.axieme.com/ https://boughtbymany.com/ https://heyguevara.com/ https://www.inspeer.me/ http://www.uvamo.com/ https://wearesosure.com/
Question # 2 What changes in competencies do insurance companies need?
To meet changes happening in the external environment, insurance companies need to involve people with skills in, for example,  advanced analytics,  agile software development,  emerging and web-based technologies. http://www.mckinsey.com/industries/financial-services/our-insights/automating-the-insurance-industry
http://www.bimamobile.com/ brings more affordable insurance solutions to people in emerging markets via their mobile phones.
People want a simple insurance product. They just want a payment if an accident happens. In Pakistan, when a person makes a claim before 11am, the person has the money before 3pm.
Richard Leftley. http://microensure.com/
http://insurancelinked.com/perspectives-interview-with-richard-leftley-reaching-the-80/
The overall revenue for the insurance industry will be reduced as self-driving car manufacturers
and sharing economy platforms begin to self-insure. http://www3.weforum.org/docs/WEF_The_future__of_financial_services.pdf
Drones can help assess damage quickly, safely, and cheaply after catastrophes.
http://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/making-digital-strategy-a-reality-in-insurance
http://www.mckinsey.com/industries/financial-services/our-insights/automating-the-insurance-industry
Full time employees in the insurance industry in %. 2015 and 2015
Question # 3 How can we all help increase investment in prevention?
Peer-to-peer insurance members exchange information over social media to improve the management of risks.
http://www.iamagazine.com/magazine/read/2016/08/01/will-peer-to-peer-insurance-startups-disrupt-the-industry https://medium.com/@kylenakatsuji/insurance-2-0-p2p-and-structural-innovation-94ee6bf5643c#.2rhj30udd
Sources http://cgd.swissre.com/ https://openminds.swissre.com/
www.zurich.com invest in building outdoor fitness areas www.zurichvitaparcours.ch throughout Switzerland.
http://www.pwc.com/en_GX/gx/insurance/assets/pwc-insurance-2020-unleashing-the-value-from-values.pdf p. 8.
http://www.zurichvitaparcours.ch/
The health care app https://www.sanitas.com/active helps people gain points they can use to save money when buying products and service.
AllLife provides affordable life cover for individuals living with HIV or Type 1 or Type 2 diabetes mellitus who commit to follow an appropriate health monitoring and treatment program. http://www.alllife.co.za/
Further inspiration https://www.pinterest.com/frankcalberg/outdoor-fitness-tools/ https://youtu.be/e9BP0Xeu_8I