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Salty Attracts More Than $15 Million - InsuranceNewsNet

Salty Attracts More Than $15 Million - InsuranceNewsNet
insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.

Embedded Insurance May Offer $3 Trillion Market Opportunity According to Business Transformation Specialist Simon Torrance

Embedded Insurance May Offer $3 Trillion Market Opportunity According to Business Transformation Specialist Simon Torrance December 13, 2020 @ 6:46 pm By Omar Faridi Simon Torrance, Advisor to Boards and Leadership teams on business model transformation, platform strategy, and digital ventures, claims that embedded insurance is a $3 trillion market opportunity, which may help “close the protection gap.” Torrance, a Senior Advisor at Rainmaking, explains that embedded insurance is part of a wider movement towards embedded finance which is about gaining access to more affordable or economical and personalized insurance. Torrance adds that embedded insurance is enabled by “abstracting” insurance functionality into tech so that more third-party entities can easily integrate appropriate risk mitigation solutions into their customer journeys.

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