Slice is an on-demand insurance provider that specifically appeals to those involved in the sharing economy.
When it comes to sharing cars, bicycles, a garage or one's home, there is always a certain amount of risk involved. While all parties have the potential to benefit from a shared agreement, unfortunately there have been some horror stories that have come out of many peer-to-peer arrangements.
Fortunately, Slice has emerged with an all-new Host Protection program, which specifically appeals to Airbnb hosts as "the first entirely digital platform providing on-demand insurance for the on-demand economy at the tap of a smartphone." Currently, Slice's on-demand insurance is now available for hosts across 13 states, making it possible for hosts to get peace of mind and protection for as little as $4 a night.
On-Demand Insurance Providers
Slice's 'Host Protection' is Affordable Option for Airbnb Hosts
Trend Themes
1. On-demand Insurance - The rise of on-demand insurance presents disruptive innovation opportunities for insurance companies to create affordable, customized policies for the sharing economy.
2. Digital Insurance Platforms - Digital insurance platforms like Slice present disruptive innovation opportunities for the quick and easy purchase of insurance policies in the sharing economy.
3. Sharing Economy Insurance - The emergence of Slice and other sharing economy insurance providers present disruptive innovation opportunities for insurance companies to offer tailored coverage to hosts and guests of shared properties.
Industry Implications
1. Insurance - The insurance industry can capitalize on the on-demand and digital insurance trends to offer innovative policies for the sharing economy and differentiate themselves from traditional insurance providers.
2. Sharing Economy - Sharing economy platforms like Airbnb can partner with on-demand insurance providers like Slice to offer their hosts and guests peace of mind and protection, strengthening their brand and reputation.
3. Technology - The rise of digital platforms and mobile apps for on-demand insurance creates disruptive innovation opportunities for technology companies to develop new insurance solutions and streamline the insurance purchasing and claims process.