Abstract

The insurance business models offer unparalleled benefits and challenges for insurers, policyholders, and stakeholders. With a paradigm shift from centralized structures, these models empower greater control and transparency, reducing intermediaries and enhancing claims processing efficiency. This chapter explores diverse decentralized insurance models, such as peer-to-peer insurance, parametric insurance, and mutual insurance, by presenting key components and resources that cater to specific customer segments with unique value propositions.This Chapter’s Learning GoalsExploring the disruptive potential and challenges associated with decentralized insurance business models.Identifying the key components of various technologically diverse insurance models, including revenue streams, cost structures, and the role of key partners and resources.Discussing the ethical dilemma of insurers in policy underwriting and pricing.