Vendors
日本語

Slice Labs: A Case Study of Insurance Disruption

Create a vendor selection project
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
We are waiting for the vendor to publish their solution profile. Contact us or request the RFX.
Projects allow you to export Registered Vendor details and survey responses for analysis outside of Marsh CND. Please refer to the Marsh CND User Guide for detailed instructions.
Download Registered Vendor Survey responses as PDF
Contact vendor directly with specific questions (ie. pricing, capacity, etc)
18 April 2017

Truly disruptive insurance innovations are rare. Slice Labs provides a valuable benchmark against which insurers, insurance technology providers, and insurtech firms can measure their innovation efforts.

Abstract

Celent has released a new report titled Slice Labs: A Case Study of Insurance Disruption. The report was written by Michael Fitzgerald, a Senior Analyst with Celent's Insurance practice.

How can insurance cover a person that sometimes faces personal risks and at other times have commercial risks?

Slice Labs meets the definition of disruption in that it provides a new product which leverages emerging technology to an underserved market. Slice Labs combines personal and commercial coverage in a single homesharing insurance contract and delivers it on a per-use basis through a digital automation platform. The cost and speed benchmark established by Slice Labs challenges traditional innovation approaches.

"Slice Labs is an exception in that it seeks to change both the product and the delivery system and serve an underserved, emerging market," commented Fitzgerald.

"No doubt the sharing economy will grow. The question is how fast. Insurance solutions such as Slice Labs will help speed the process by offering appropriate coverage tailored to specific perils," he added.