At last, I have got around to outlining what I think Insurance 2.0 might mean. The way we insure today uses information management approaches that are out of touch with the information buyers and sellers of insurance need.
Further, the legal doctrines underpinning the insurance contract have not only become asymmetrical; they require information neither buyer nor seller is well placed to provide or analyse.
As a result, insurance is more expensive than it should be and the certainty of the promise buyers pay for is far less assured than it should be.
It seems to me that Insurance 2.0 - as I foresee it could be implemented - might have answers to all these challenges.