Each month, we take a look at recent “insurtechs” developments across a specific policy type. We cover SME, P&C, Life but this issue, we consider renter’s insurance. Renter’s insurance has never been a favorite of local agents with low premiums and a transient customer base. The target customer base includes a high percentage of younger renters that show scant interest in protecting limited possessions often in the mistaken belief that landlord insurance cover losses (and liabilities). Renters insurance is long overdue for a fundamental change to the distribution model.Now many factors are aligning to raise interest in renter’s insurance.
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