Technological development affects the way we can organize insurance. A new development is Peer to Peer insurance, which is basically a self-organization of customers to organize their insurance and bypassing the big insurance companies. This will lead to lower costs for the consumers since it does not pay for the large overhead of financial organizations. Each member is both an insurer and and insuree. The P2P insurance does not collect premiums but pays claims and the costs are shared among its members.

Some P2P insurance websites include Friendsurance, and P2Pinsuranceagency