Insurance is a pipe business. Even reinsurers and capital markets are no more than providers in the chain. A lot of risk management efficiencies, UX, new products and infrastructure productivity can be brought today though insurtechs, cloud computing and data analytics from myriad of data (multiplied by IoT). This can be further expanded through open insurance protocols, a sort of PSD2 for insurers that will inevitably happen sooner than later.
What can bring a marketplace of the likes of Airbnb to the insurance industry? The marketplace platform business benefit from economies based on demand, hold no underwriting risk, they manage the relationships within the marketplace.
What are the most likely affected products, life, non life? Is it easier for standard products or customized new solutions? What are the customers that could be more receptive products? Where should be launched, a new co startup or should an incumbent launch it?
Is there anyone in the market who is looking to develop anything similar?