Is Peer-To-Peer The Future Of Insurance?

Techi-preneurs are tackling traditional business models all the time. It seems like everything around us is not only going digital but attempting to be distributed in the masses through peer-to-peer platforms. We hope peer-to-peer models do well but understand they will run in to challenges just like we do. Here are some hurdles they will run in to: 

1. Legislation - Insurers are heavily regulated because they need to be able to pay for losses in the event something happens. Money management and payment distribution could become an interesting problem to tackle as the idea grows.
2. Distribution - Although it will inevitably happen, the self-serve technology could develop many ways. It will take some adjusting to determine the best P2P model.
3. Moral Hazard - One thing P2P insurance doesn't account for is dishonesty of the policy holders. The general public would be surprised how many claims have fraudulent intents. Maybe a P2P model actually help prevent this? 

What do you think? ​