Brokers will sell new types of cover in 2017
Sharing economy, Internet of Things and even augmented reality could impact UK brokers in 2017 according to expert.
Insurance brokers will be selling increasing types of cover related to the sharing economy in 2017 according to Mahendra Nambiar, vice president of global insurance solutions and innovations lead, at Capgemini.
"There will be new insurance products," stated Nambiar noting that these would likely be focused on usage-based insurance.
Of customers who want things like Air Bnb insurance he added: "The coverage is still low so there will be new products to attack that market."
Trends
Nambiar also
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