Insurtech Profile: The Evolution of Slice and Future of Insurance
Insurtech Slice, which offers its own on-demand rideshare and homeshare products, now also provides cloud services for carriers wanting to offer their own on-demand products.
The growing digital insurer and services provider recently closed a $20 million funding round to help it expand.
Digital is different and on-demand is different still. Slice CEO Tim Attia believes the future of insurance is not about converting existing policies to meet new demands, or about flipping a switch from old-style to digital. Rather, it’s about creating entirely new digital entities offering minimum viable products that fill gaps.
Traditional and on-demand entities are likely to co-exist and Attia intends for Slice to be a digital leader.
Attia connected with Wells Media’s Andy Simpson at the 2018 InsureTech Connect Conference to discuss how his company has evolved since 2015 from competing against other insurers to working with them and his vision of the future of on-demand and digital insurance.
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