180° Insurance operates as a Managing General Agent (MGA) with a mission to make insurance fair, transparent, and simple through its innovative peer-to-peer model. Unlike traditional insurance, the company organizes policyholders into small groups or "pools." A portion of the premiums paid by the group is used for claims, and any leftover funds at the end of the policy term are returned to the pool members, a concept they call the "Giveback." This structure aims to align the interests of the insurer and the insured, reduce conflicts, and foster a community-centric approach to risk management.