Based in Vilnius, Ooniq is a peer-to-peer (P2P) insurance platform, based on the principles of the sharing economy, where its members form groups of peers in order to protect themselves against losses, make their own decisions on loss compensation using pooled funds and get back the unused ones. Launched in December 2019, this community-driven insurance product was the first start-up approved by the Central Bank of Lithuania to enter the Bank of Lithuania’s regulatory sandbox. Dubbed as the mutual insurer of the future, Ooniq is slowly transforming the global insurance industry.
Articles about Ooniq:
- January 11, 2021 10 promising Lithuania-based startups to watch in 2021