Offering flexible, short-term coverage for specific events, activities, or assets, catering to the gig economy
The introduction of parametric insurance that pays out based on the occurrence of a predefined event, not on the loss incurred
Incorporation of health and fitness tracker data to offer discounts on health and life insurance policies
Development of insurance products focused on risks associated with climate change, such as flood or wildfire coverage
Launch of P2P insurance models that allow groups of policyholders to pool their premiums and share risks