Peer-to-peer multi-risk insurance and mutual aid

Samal Abdikerimova and Runhuan Feng

European Journal of Operational Research, 2022, vol. 299, issue 2, 735-749

Abstract: Peer-to-peer (P2P) insurance is a decentralized network in which participants pool their resources together to compensate those who suffer losses. The rise of P2P insurance in Western countries, such as Friendsurance and Lemonade, has been viewed as a disruption to the traditional insurance industry in the same way Uber is to the taxi industry. A similar business model of mutual aid, such as the model developed by Xianghubao, has become popular in the East. It is a model designed to provide financial support to those in need and to distribute the cost among all participants.

Keywords: Risk management; Peer-to-peer insurance; InsurTech; Decentralization; Credibility theory (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:299:y:2022:i:2:p:735-749

DOI: 10.1016/j.ejor.2021.09.017

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