Delaware Business Insurance Update From CNC Insurance Associates Inc. "P2P Insurance Companies on the Horizon" 12-13-15

Insurance industry watch out, here comes Peer To Peer insurance sharing and it could revolutionize the industry. What is this about?  Well a couple of pioneer investors are looking to create and implement an insurance company where people can share in the risks and bypass the big insurance companies. The mechanism is not published yet but it looks a lot like peer to peer funding. The difference is that the risk takers can make money if there are no claims on their risks.
Insurance regulators are looking hard at the model and I am sure there will be some push back. However consumers see this as a way to shake up the experience of insurance and change the industry. Stay tuned folks and as always be careful out there and know your risks.


G. Kevin Nemith Pres.  of CNC Insurance Associates Inc. & The Small Business Insurance Center
Serving DE, MD, VA, NJ & PA
www.cncinsurance.com
www.bizinsurancetv.org

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