Insurance 2.0: P2P and Structural Innovation
This post is the second in a three-part series on insurance transformation. The first post introduced the concept of “Insurance 2.0” and discussed new forms of distribution. At American Family Ventures, we believe that “Insurance 2.0.” will be, in part, shaped by structural innovation. The traditional insurance structure of centralized risk-pooling has been around for a long time. Unsurprisingly, it is also subject to heavy regulation. As a result, many entrepreneurs are using new approaches to lower regulatory burdens or unlock value through decentralization.