A unique alternative to commercial insurance involves the setting up of a ‘reciprocal insurance exchange’ (also known as a reciprocal). Reciprocal insurance is a form of risk transfer which a group of members (normally called “subscribers”) will set up and fund instead of purchasing a traditional insurance policy. Each subscriber in an exchange assumes part of the risk of the group. When an insurance claim … Continue reading Reciprocal Insurance Exchanges: Demystifying the Complexity