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Top 10 Global Insurtech
Startup Bootcamp UK and MWC
Sharing Economy Insurance Startup
InsurtechStartupConsulting CEORisk Management
Context
Startup aimed to provide short-term insurance for the sharing economy (bike rentals, surfboard rentals). No off-the-shelf products existed, no historical underwriting data, and limited stakeholder trust.
Challenge
Building an insurance product from scratch in a market with no historical data, high moral hazard, and skeptical reinsurers required both product innovation and credibility building.
Approach
- 01Analyzed sharing economy verticals to identify highest-risk, highest-opportunity segments
- 02Developed risk assessment framework to inform product design and pricing, focusing on moral hazard mitigation
- 03Structured reinsurer partnerships to reduce exposure and unlock broader coverage
- 04Piloted with bike and car-sharing platforms to validate demand and refine the experience
- 05Built analytics infrastructure to track user behavior and claims data for continuous optimization
Results
Product-market fit across multiple sharing economy sectors
Recognized as Top 10 global insurtech by Startup Bootcamp UK and Mobile World Congress
Reinsurer partnerships provided both risk mitigation and market credibility
Key Insight
"In high-risk, low-data markets, reinsurer partnerships are critical - they provide both risk mitigation and credibility."