PeerCover

insurtechcryptocurrencyp2p insurance

FOUNDING YEAR: 2014
LOCATION: New Zealand
Last Update: 09/07/2020

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About

PeerCover is the only peer-to-peer insurance provider in New Zealand. PeerCover allows the customers to form a peer group to cover excesses across a range of products in general, health and some life insurance products from different insurance providers. They can withdraw money at anytime. If the Peer Group has made one or more claim, the amount one can take out is reduced proportionally. If the group hasn’t made any claims, they can get their full deposit back.

Focus

PRODUCTS & SERVICES

Crowdfunding Cover - pools in funds from peers and donates them in case of an unwanted incident

REVENUE MODEL

It plans to generate revenue from a claims handling fee per claim initially and eventually it plans to add brokerage for the services offered.

PRIMARY PROBLEM SOLVED

Provide funding for many expenses not covered by primary insurance such as Co-pay, waiting-periods, deductibles, excesses, (sub)limit, warranties.

People

FOUNDERS

Chris Logan

Momentum

FUNDED

NO

LISTED

NO

BASICS

FOUNDING YEAR:

2014

LOCATION:

New Zealand

Views:

1071 VISITORS | 1628 VIEWS

About

PeerCover is the only peer-to-peer insurance provider in New Zealand. PeerCover allows the customers to form a peer group to cover excesses across a range of products in general, health and some life insurance products from different insurance providers. They can withdraw money at anytime. If the Peer Group has made one or more claim, the amount one can take out is reduced proportionally. If the group hasn’t made any claims, they can get their full deposit back.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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