Peer-to-peer policies. Tracking devices. Pay-to-play. These are just a few of the ways the insurance industry is responding to the consumer’s need for greater transparency and more fairly priced policies.
Innovative members of the insurance community are transforming the methods by which they offer insurance and new ways to diversify their investment portfolio. Companies are attempting to change the way the industry operates from the inside out by establishing startup incubators to generate innovate concepts and introducing new players into the market that utilize resources from the modern era we live in.