New distribution methods like peer-to-peer insurance (P2P) could end up restructuring the entire market. P2P insurance empowers policyholders to a greater portion of the premiums rather than the individual private wealth managers working to produce returns for insurance companies.
A number of well-funded startups are already beginning to stake their place in the P2P insurance market. One example, Dynamis, is a peer-to-peer supplemental unemployment insurance protocol that uses the policy holders’ social capital to replace underwriters.
One example is "Pineapple" from South Africa!