In this episode, Dan White, managing partner at NINETY, and I talked about Dan’s “insurance bets” for 2021. Dan talked about Micro Insurance; lessons learned from micro-insurance that carriers can implement in “medium insurance,” Intangible assets insurance, and ESG rating. We skipped Black Swan Re but did manage to learn about the Alchemy Crew.
ZhongAn, in china, they've sold tens of billions, tens of billions, right, of policies. Extraordinary volumes. They're all tiny policies sold often as an add-on to an online purchase.
It's that kind of thinking where, we say, if we [in the Western world] could distribute billions of very small policies at scale through digital micro insurance type techniques.