According to Re-Sure co-founder and CEO Gautham Pedditbhotla, consumers are looking for products that “suit their lifestyle”, such as usage-based insurance (UBI). He suggests consumers who do not own assets are not getting the coverage they need from traditional insurance products.

Carriers are looking to offset losses in revenue due to the reduction in “asset ownership.” Opportunities are plentiful, depending on the innovation carriers have within themselves. Gaps and deductibles present new revenue source opportunities for insurers. Companies like Uber and Lyft have gone public; others are going public in the bike-sharing/ride-sharing space.

Re-Sure looks to help insurers uncover new sources of revenue with new policies, pricing and distribution. Re-Sure provides uses the latest technologies, including blockchain, to deliver a single source of contact for insurers.

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