Decentralized insurance can be used to describe risk sharing mechanisms under which participants trade risks among each other as opposed to passing risks mostly to an insurer in traditional centralized insurance. There are a wide range of decentralized practices in all kinds of forms developed...

Decentralized insurance can be used to describe risk sharing mechanisms under which participants trade risks among each other as opposed to passing risks mostly to an insurer in traditional centralized insurance. There are a wide range of decentralized practices in all kinds of forms developed...

Decentralized insurance can be used to describe risk sharing mechanisms under which participants trade risks among each other as opposed to passing risks mostly to an insurer in traditional centralized insurance. There are a wide range of decentralized practices in all kinds of forms developed...

It is fairly common in developed economies that a small set of insurers with large capitalization often account for the majority of their insurance markets. While tight regulations of the insurance industry are well-intended to protect the interests of policyholders and ensure market stability,...

Peer-to-peer insurance models combine insurer's underwriting with peers' risk sharing. This paper presents a mathematical formulation of two emerging peer-to-peer insurance models: the individual-covered model and the group-covered model, and establishes their equivalence for a homogeneous...