‘CROWDSURANCE’ - THE NEW MERGER
Peer and crowd-based models have influenced the financial sector, hospitality industry, and transportation space among other industries.
Crowd companies, nowadays, have identified over a dozen insurance startups based on the crowd. Surprisingly, these startups are emerging from hotbeds of financial industry such as London.
We’re witnessing the growth of a budding set of insurance startups, which are enabling crowd-based, P2P, and Pro-rata coverage models, which leverage the crowd. These mostly include peer-to-peer offering along with a handful, which is also enhancing the insurance delivery via new technologies.