I would say something like the credit-default swap market where you have individuals or institutions agreeing to insure new and existing debt. As we have seen, it would be a mess unless the P2P insurance company maintained a registry recording the transactions entered by the various parties.
I would say something like the credit-default swap market where you have individuals or institutions agreeing to insure new and existing debt. As we have seen, it would be a mess unless the P2P insurance company maintained a registry recording the transactions entered by the various parties.