Peer-to-Peer Insurance: How Blockchain Is Changing Risk Sharing

Peer-to-peer insurance, a system where individuals directly share risk without traditional insurers. Also known as decentralized insurance, it cuts out the middleman by using smart contracts to automate payouts when conditions are met. This isn’t theory—it’s already happening in crypto, with real projects replacing claims departments with code and community trust.

At its core, peer-to-peer insurance works like a group fund: members pay in, and when someone files a valid claim, the group pays out. No corporate overhead. No complex policies. Just rules written in code, verified on a blockchain. This model reduces costs, speeds up payouts, and gives members real say in how the pool is managed. It’s not magic—it’s just better design. And it’s solving real problems: people in underbanked regions, gig workers without coverage, and those tired of being charged extra for being "high risk".

Related concepts like blockchain insurance and crypto insurance often overlap with this. They rely on decentralized ledgers to track premiums, claims, and payouts transparently. Projects using this model avoid the fraud and delays that plague traditional systems. But it’s not without risks. Smart contract bugs, low liquidity in small pools, and unclear legal status can leave users exposed. That’s why the posts below focus on real examples—some working, some failed—and show you how to tell the difference.

What you’ll find here aren’t vague promises. These are deep dives into actual platforms, scams, and innovations. From how governance attacks can hijack insurance pools to why some crypto-based insurance projects vanish overnight, you’ll see what works, what doesn’t, and how to protect yourself. Whether you’re curious about joining a P2P pool or just want to understand the tech behind it, this collection gives you the facts—not the hype.