Interesting concept but I struggle with the practical aspects. The reasons for central underwriting authority are clear... 1. Economies of scale needed to deal

Interesting concept but I struggle with the practical aspects. The reasons for central underwriting authority are clear... 1. Economies of scale needed to deal with regulatory, dept. of insurance, etc. 2. Economies of scale needed to administer policies 3. Economies of scale needed to administer claims 4. Expertise needed in pricing and actuarial In an ethereum based true P2P system the individual is more or less self insuring and re-insuring their risk via an ethereum contract. I think there's something worth paying for to be able to say a financial institution is covering you. I have a hard time believing the financial saving for an individual is worth the trouble. I also have a hard time believing the regulatory and administration needs are met without some staff supporting the contract.