These platforms can facilitate transactions, unlock insights and generally improve the sharing of data across the value chain by, in part, automating previously manual processes. They can take the form of retail models, such as mobile phone based savings apps, and institutional models, such as web based risk management dashboards. Across a wide range of sectors, we are seeing the impacts of technology change.
Insurance In insurance, we have seen firms developing models to offer on-demand insurance. These firms are focusing on a specific issue, such as providing employees in the gig economy with micro-duration insurance coverage for the length of their shift. In this way, the consumer can avoid unnecessary additional expenses while still gaining the coverage necessary.