Insurance Startups Push Peer-To-Peer, Online Policy Tech

By Jeff Sistrunk (October 6, 2016, 11:32 PM EDT) -- Peer-to-peer insurance coverage programs and online-only policy sales and claims handling can offer policyholders more options and flexibility, technology startups said during a conference in Las Vegas on Thursday, while other experts predicted that small businesses will increasingly turn to cyberinsurance to combat data security issues.

Here, Law360 recaps some of the major developments at the second day of the inaugural InsureTech Connect event.

Peer-to-Peer Insurance

Insurer Lemonade Inc. sent shockwaves through the insurance industry in late September when it launched a peer-to-peer homeowners and renters insurance platform in New York.

Upon registering on a smartphone app, policyholders designate a charity...

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