What is Peer to Peer Insurance Market?
Peer-to-peer insurance is a reciprocity insurance contract through the Collaborative consumption concept. The aims of peer-to-peer insurance are to save money through reduced overhead costs, increase transparency, reduce inefficiencies, and especially to reduce the inherent conflict between insurance carriers and their policyholders at the time of a claim. There are many types of peer-to-peer insurance. The first type was created by an Insurance broker (as opposed to insurance companies). In this broker model, insurance policyholders will form small groups online.
The market study is being classified, by Application (Consumer, Business, Real Estate and Others) and major geographies with country level break-up.
Axieme (Italy), Bandboo (Singapore), Besurance (Canada), BitPark (United States), CommonEasy (Netherlands), Cycle Syndicate (United States), Darwinsurance (Italy), First Club Insurance (India), Friendsurance (United States), Gaggel (United Kingdom), goBundl (Denmark) and Guevara (Denmark) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Peer to Peer Insurance market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Peer to Peer Insurance market by Type, Application and Region.
On the basis of geography, the market of Peer to Peer Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Features Such as Convenient and Fast to Access
- Introduction of Technology in Insurance Industry
- High Costs Associated with the Insurance
- Rising Investments in Insurance Company
- Insurance Regulatory Compliance
Key Target AudienceInsurance company, Government associations, Research organizations, Software vendors and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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