Our lastest issue of InsurTech Insights gets to the depth of On-Demand Insurance, which is changing the way customers buy insurance. We have
two excellent featured articles from Paul Merrey and Arturs Kokins from KPMG and Rick Huckstep from The Digital Insurer.
Paul and Arturs hone in on the “demand for on-demand insurance” and quite rightly make the point that the transition will take some time.
In his contribution this month, Rick examines on-demand from a broader definition and covers the user experience, the use of apps and the instant and immediate nature of the
purchase process. Cuvva and Trov are reviewed as examples. Rick also points out the convergence of on-demand and usage-based policies, as well as the increasing automation of when the cover is turned on and off.