What you need to know: With the continuous rise in the number of insurtech startups, the younger generation is not interested with the expensive and tedious processes related with conventional insurance. Peer-to-peer insurance sounds sexier, with each player promising more social and transparent engagement, and yet lower cost insurance. Insurtech is also on-demand, event-specific, and item-specific coverage.

Why it is important: P2P insurance, as introduced by companies like Lemonade, is a topic that is being tested, and could be disruptive. The use of big data and the Internet of Things will affect insurance and insurers will need to take action

Want to read more? Read Dataconomy here.