Show HN: Lemonade – the world's first P2P insurance company
1–10 of 175 posts
Re: Show HN: Lemonade – the world's first P2P insurance company
#2How is this more "P2P" than other insurance companies are? Non-profit, yes, but the mechanism seems to be the same. There is still a central pot everybody pays into.
I would like a non-profit that just pays back the spare money even more. I do not know how this would work with regulations. I guess in Germany this could be done through a "Genossenschaft", which Wikipedia tells me has an US equivalent called co-op. Would this actually work?
Edit: Realized that you could just grant discounts as there cannot be a profit anyway. Would be awesome to see several companies with the same model, first competing on prices and ultimately the percentage of the fixed fee.
Re: Show HN: Lemonade – the world's first P2P insurance company
#3This looks awesome I might check it out.
But the "P2P" branding is likely going to be confusing to a lot of people. In fact even after reading the explanation I still don't understand the peer to peer model in this context and I know what Peer to Peer means.
Re: Show HN: Lemonade – the world's first P2P insurance company
#4How is this more "P2P" than other insurance companies are? Non-profit, yes, but the mechanism seems to be the same. There is still a central pot everybody pays into. I would like a non-profit that just pays back the spare money even more. I do not know how this would work with regulations. I guess in Germany this could be done through a "Genossenschaft", which Wikipedia tells me has an US equivalent called co-op. Wou…
Not sure how to answer your question directly but perhaps you're missing a bigger point. The price and ease of use difference compared to legacy companies is huge.
Re: Show HN: Lemonade – the world's first P2P insurance company
#5I got to "enter your name" and leaked out of the funnel. I'm willing to give up my zip code to find out how you compare to my current provider. Give me some good rates to entice me out of the rest of my data.
Re: Show HN: Lemonade – the world's first P2P insurance company
#6How is this more "P2P" than other insurance companies are? Non-profit, yes, but the mechanism seems to be the same. There is still a central pot everybody pays into. I would like a non-profit that just pays back the spare money even more. I do not know how this would work with regulations. I guess in Germany this could be done through a "Genossenschaft", which Wikipedia tells me has an US equivalent called co-op. Wou…
It's generally difficult to find any form of funding/backing as a co-op, as it's far riskier when your sources of funding can't vet all the people who have legal power to push your organisation in a certain direction.
Re: Show HN: Lemonade – the world's first P2P insurance company
#7app != P2P
Re: Show HN: Lemonade – the world's first P2P insurance company
#8I got to "enter your name" and leaked out of the funnel. I'm willing to give up my zip code to find out how you compare to my current provider. Give me some good rates to entice me out of the rest of my data.
same
Re: Show HN: Lemonade – the world's first P2P insurance company
#9Cool concept, looking forward to seeing roll out. Under your definition of p2p would heyguevara.com not fall into this too?
Re: Show HN: Lemonade – the world's first P2P insurance company
#10I don't follow how this is P2P, and unfortunately it seems only available for New York zip codes?