P2P insurance question, need to interview for an entrepreneurship class
Assuming a peer to peer insurance company existed, what do you think it ought to look like? Would you use it? If so, how?
Thanks.
Thanks.
I would say something like the credit-default swap market where you have individuals or institutions agreeing to insure new and existing debt. As we have seen, it would be a mess unless the P2P insurance company maintained a registry recording the transactions entered by the various parties.