The Airbnb of the Insurance Industry?

The video discusses the evolution of insurance models, focusing on the peer-to-peer model, which offers a new way to cover small risks by connecting individuals directly. This model can save consumers up to 40% on premiums. The video also covers the expansion of this model beyond Germany, starting with Australia, and the regulatory landscape. It contrasts peer-to-peer insurance with peer-to-peer lending, highlighting differences in customer acquisition and risk profiles.

What is a key feature of the peer-to-peer insurance model compared to traditional insurance?

• It increases premiums for all consumers.

• It involves a new layer for covering small risks.

• It is only available in Germany.

• It eliminates the need for any insurance claims.

How much can consumers potentially save on their premiums with the peer-to-peer insurance model?

• 40%

• 25%

• 60%

• 10%

Which market is the peer-to-peer insurance model planning to enter first outside of Germany?

• United States

• Australia

• United Kingdom

• Canada

What is the attitude of regulators towards digital innovations in the insurance industry?

• They are open to it if it is customer-friendly.

• They are indifferent to it.

• They have banned it in most countries.

• They are generally opposed to it.

How does the peer-to-peer insurance model differ from the peer-to-peer lending model in terms of customer base?

• It appeals to customers with no claims history.

• It attracts more subprime customers.

• It does not differentiate between customer types.

• It focuses on customers with a history of claims.