Sign up and be the first to know

About Hugh Terry & The Digital Insurer

Hugh Terry & The Digital Insurer Video

Contact Us

1 Scotts Road
#24-10 Shaw Centre
Singapore 228208

Write an article

Get in touch with the editor Martin Kornacki

email your ideas at martin.kornacki@the-digital-insurer.com

Pre Registration Popup

itcasia2020 Registration Popup

Share Popup

Prime Member: Find out more

Access a unique programme!
  • 56 pre recorded lesson of online content from industry experts over 7 courses
  • The best in digital insurance for practitioners and by practtioners
  • Online MCQ after each lesson
  • Join the discussion forum and make new friends
  • Certificate upon completion to show your expertise and comitment
  • 3 months to complete
  • Normal price US$1,400 Your Prime member price is US$999
  • Access to future versions included in your Prime membership!
Become a member

Prime Member: Contact Us

REach out to us. Please fill up the form below
  • Let us know how we can help. You can expect a response within 24 hours

Uvamo – P2P Business Model for P&C

[ff_author_box_style2]

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.

References

Comments

';

Livefest 2019 Register Popup Event

Livefest 2019 Already Registered Popup Event

Livefest 2019 Join Live Logged-in Not Registered

Livefest 2019 Join Live Not Logged-in