Introducing Tides: A P2P Health Insurance Network

Meet Tides:

The San Fran-based startup is “building a peer-to-peer health insurance protocol designed to realign the incentives of insurance services with the needs of the customers they serve.” The Idea: a decentralized network to allow communities to build and choose their own health insurance plans without needing an insurance company. Tides will then connect the communities with a pool of actuaries, underwriters and claims processors, so that together they can set their own governance on aspects of their insurance, such as coverage, limits, terms etc.

Bottom Line: fully functional in Q3 2018, if you believe…and while on the subject of risk-sharing, get to know Mutual.Life:

The Brazil-based startup, established in 2016, claims it is the evolution of insurance thanks to its blockchain-based platform that allows people with similar needs to form a group, contribute premiums, and share risk “in a fair and symmetrical way, taking into account the profile of each member.” In the event of a claim, a member will submit a reimbursement request to the group, the members will have 48 hours to send any disputes or approve the reimbursement sum. And similar to Tides, Mutual.Life is currently busy validating its model.

Play.