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Arthur D. Little

Arthur D. Little has been at the forefront of innovation since 1886. We are an acknowledged thought leader in linking strategy, innovation and transformation in technology-intensive and converging industries. We enable our clients to build innovation capabilities and transform their organizations. ADL is present in the most important business centers around the world. We are proud to serve most of the Fortune 1000 companies, in addition to other leading firms and public sector organizations. For further information, please visit www.adlittle.com

Uvamo – P2P Business Model for P&C

In Action Summary

Uvamo is a form of P2P insurance that is blending the established P2P lending model with P2P insurance. Specifically, Uvamo is a marketplace where those seeking insurance and those seeking investment returns from participating in risk associated with underwriting insurance can come together. By leveraging technology and replacing the traditional middleman with an efficient marketplace, Uvamo offers superior service at lower premiums to policyholders and attractive risk adjusted returns to investors.

Currently, Uvamo is planning to re-launch a pivoted platform in 2016 that will be based on the concept that social grouping and affinity will change behavior and address moral hazards which will in turn reduce premiums and claim payouts. It eliminates the dependence on traditional middlemen and leverages online data and technology to provide a platform that offers lower premiums for customers and better returns for the investors.

By leveraging technology and replacing the traditional middleman with an efficient marketplace, Uvamo aims to offer superior service at lower premiums

By leveraging technology and replacing the traditional middleman with an efficient marketplace, Uvamo aims to offer superior service at lower premiums

Uvamo is notable for its alternative approach to P2P insurance, one where capital providers are individual investors in addition to a re-insurer. Others operating in the P2P space include Lemonade, Teambrella and Tongjubao.com, who are leveraging technology and big data to create disruptive models like P2P insurance.

Although these models enjoy lower fraudulent claims and cost advantages, the variety of P2P models being deployed reflects the early adopter phase of the business model.

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