Will on-demand insurance become mainstream? | KPMG | UK

Will on-demand insurance become mainstream?

Will on-demand insurance become mainstream?

There are signs that the on-demand insurance model is starting to establish itself. We outline the three core areas that need to be addressed for this to happen.

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While it’s estimated that less than 1% of the global insurance market is occupied by on-demand insurance, to gain true traction, three core beliefs will need to hold true:

  • It must suit the majority of customers’ needs;
  • On-demand insurers need to get noticed; and
  • The financial model needs to work for insurers. 

Download our on-demand insurance article to find out how to address the three core areas.

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