A special type of insurance, outlined here, allows non-insurance companies to enter the insurance space without an insurance license. Now, our cloud technology is making it both easier and more profitable to do so.
Every day retailers sell things to people – washing machines, jewellery, lounge suites, smartphones, travel packages, loans, funeral policies and more. For many of their purchases customers would like – or are required by law – to have some level of insurance, or an extended warranty. Yet their options until now have been drawn out and frustrating.