Imag­ine a cy­clist in­sur­ing his bi­cy­cle. Well, we may have laughed at the no­tion pre­vi­ously, but con­sid­er­ing the sud­den emer­gence of crowd­sourced in­surance com­pa­nies, it’s very much pos­si­ble.

Industry Leaders - - New Ventures -

Peer-to-peer in­surance of­fers more in­di­vid­u­als to be in­sured by sup­port­ing un­der­served mar­kets. It al­lows cov­er­age for gigs in the col­lab­o­ra­tive econ­omy. As most of the bud­ding star­tups act as bro­kers, the star­tups for in­surance car­rier still re­main to be forth­com­ing in the world of in­surance. There are sev­eral cor­po­ra­tions com­ing up for spe­cial­ized in­surance. This in­cludes in­sur­ing pet own­ers to let’s say, cy­clists. This means it of­fers to in­sure even those items, which no one has even thought of in­sur­ing as it sim­ply feels ridicu­lous.

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