[zerni]

There are alternatives.. we are setting up an insurer with a new business model in the UK.

We earn a flat fee every time we settle a claim for members of our community - they provide the funds to cover for each other.

No conflict of interest, fair pricing, everything instant.

Have a look. insureathing.com

[ascorbic]

Interesting, but the variable premium scares me. Is there no limit on liability? What happens if lots of people claim in the same month?

[zerni]

If there are outliers and the premium would skyrocket we cap your premium at market rate through an agreement with a reinsurer. It's a standard financial tool insurers are using as well and costs us next to nothing.