What insurtechs are doing is filling gaps in coverage left by traditional insurance providers. The new insurtechs understand sharing transactions and are creating products that fi t all kinds of sharing.”
A number of insurtech startups are trying to solve this problem by designing products from the ground up, focused on providing cover for home-sharing and ridesharing, which can be tailored to fi t individual needs. Airbnb itself has introduced its own Host Protection Coverage.”
This is not a static shift. If insurers want to keep ahead of the game, they must continually look for new opportunities,partner with emerging platforms and collaborate openly.”
