IADC Professional Liability Roundtable: What is Old is New – The Growth of Peer2Peer Risk Pools as an Alternative to Traditional Insurance

Hurwitz Fine Insurance Coverage attorney Lee S. Siegel will present at the IADC Professional Liability Roundtable: What is Old is New – The Growth of Peer2Peer Risk Pools as an Alternative to Traditional Insurance.

For centuries, communities have pooled resources for the greater protection of the group. As we roll headlong in to the AI revolution, insurance consumers are provided with a growing list of alternatives to the traditional means of securing coverage. This presentation will explore the steadily expanding trend of Peer2Peer insurance groups, including a discussion of how online risk pools are formed through social networks and online marketing. The discussion will also address the impact of artificial intelligence as a mechanism to broaden pools and define risk through the potential member’s social media footprint. The program will explore regulatory challenges of Peer2Peer insurance sharing relationships in highly regulated personal lines coverage, and whether risk sharing can provide an alternative to excess and surplus lines coverage. 

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