Google is bringing an outside-in, customer-driven approach that is causing insurers to rethink, reimagine and reinvent their visions of a technology-enabled future.
Start-ups in the car-sharing economy are attracting major interest among investors and consumers. There is one area where the start-ups have not gained traction—insurance.
Tens of trillions of dollars of personal wealth will be transferred in the next 20-30 years, yet stalwart companies--even whole industry sectors--are unprepared.
The "sharing economy" is exploding, beginning with cars and homes. The question is: Can insurance companies make a reasonable profit off the market?