The main issue with insurance is the credit risk, people may not pay up on claims. It is easier if combined with savings and the amounts are capped. Lloyds of L

The main issue with insurance is the credit risk, people may not pay up on claims. It is easier if combined with savings and the amounts are capped. Lloyds of London used to be P2P, with the names who underwrote the market being individuals but they were bankrupted by asbestos claims.