Rising premiums squeezing consumers and businesses

Premiums for personal and commercial insurance are rising sharply, leaving consumers angry, businesses squeezed, and agencies dealing with constant rate-driven conflict.

Analysis:

Rising premiums create openings for parametric insurance, peer-to-peer risk pools, and AI-powered loss prevention that lowers the underlying risk. A startup that demonstrably reduces the cost of insurance through better risk selection or loss mitigation could build a category-defining business in a $1T+ global market.