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Innovative Insurance

Insurance companies provide unique plans that lower costs

Implications - Insurance coverage can be excessively expensive and often comes with a long list of conditions, however insurance companies are now aiming to reach consumers who cannot afford costly premiums. Whether in the form of crowdsourced insurance platforms or cost-free plans, this emerging trend in the insurance industry prioritizes the accommodation of the consumer's lifestyle and needs.

Workshop Question - How could your brand better prioritize its consumer's lifestyle preferences and needs?
SCORE 4.8
Popularity
Activity
Freshness
Megatrends
Patterns
20,331 Total Clicks
Jul 17 - Feb 19
This Quarter and Untested
TechBusiness
Featured Examples
On-Demand Insurance Apps - The Zego App Provides Insurance to Delivery Drivers Only When Needed
SCORE 3.8
Mild 462 Clicks Pub: Jul 20, 17
On-Demand Insurance Apps
The Zego App Provides Insurance to Delivery Drivers Only When Needed
The Zego app is a new way for on-demand delivery drivers to ensure they are insured. Zego offers on-demand insurance that can be turned on and off based on when a driver is working or not. The idea... [More]
Crowdsourced Travel Insurance Platforms - Rega is a Platform for Sharing Risk Built on Ethereum
SCORE 3.7
Mild 287 Clicks Pub: Jan 31, 18
Crowdsourced Travel Insurance Platforms
Rega is a Platform for Sharing Risk Built on Ethereum
Rega is a ‘crowdsurance’ platform for sharing risk that uses blockchain technology. The risk-sharing startup just announced they will be expanding into travel insurance after finding... [More]
Cost-Free Life Insurance Plans - 'Avibra' Monitors Your Lifestyle and Rewards Healthy Choices
SCORE 5
This Year and Average 283 Clicks Pub: Oct 23, 18
Cost-Free Life Insurance Plans
'Avibra' Monitors Your Lifestyle and Rewards Healthy Choices
Life insurance plans are often associated with high costs, so ‘Avibra’ is positioned as a new alternative that offers coverage to individuals at no cost. The service works by using the... [More]
Independent Worker Insurance Plans - Trupo Offers Affordable Health Insurance for Freelancers
SCORE 3.7
This Quarter and Mild 67 Clicks Pub: Feb 13, 19
Independent Worker Insurance Plans
Trupo Offers Affordable Health Insurance for Freelancers
Health insurance for freelancers is in demand because as of 2018, independent workers constitute one-third of the US population and that number is steadily growing. By 2027, it is projected that... [More]
Communal Bicycle Insurance - 'Laka' Offers Low Premiums Through "Crowd Insurance"
SCORE 2.6
This Year and Mild 92 Clicks Pub: Jun 7, 18
Communal Bicycle Insurance
'Laka' Offers Low Premiums Through "Crowd Insurance"
Insurance based around premiums doesn’t actually respond to accidents as they happen in the world, allowing insurance companies to turn massive profits with relative frequency, and ‘Laka&#... [More]
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