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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AI technologies offer major opportunities for the insurance sector.

Venture capital funding in Insurtech

Venture capital funding in Insurtech

Venture capital investors across the globe are excited to seize the potential in Insurtech, but need to modify their age-old operating models.

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