Guevara Lets Groups Share Insurance in Order to Keep Claims Low
Laura McQuarrie — March 11, 2016 — Autos
References: heyguevara
The sharing economy concept is making room for people to share houses, meals, rides and with a service like Guevara, drivers can even share insurance.
Guevara is based in the UK and describes itself as a "people-to-people car insurance" solution. With this type of insurance, users are initially assigned a Base Price, which is determined on standard insurance information, including factors like age, location, car and driving experience. From there, users are able to join a group in order to use their collective resources and keep claims low. In this way, groups can save up to 50% by working together.
P2P insurance services like these are becoming popular among those who value the cost savings and practicality of shared ownership.
Guevara is based in the UK and describes itself as a "people-to-people car insurance" solution. With this type of insurance, users are initially assigned a Base Price, which is determined on standard insurance information, including factors like age, location, car and driving experience. From there, users are able to join a group in order to use their collective resources and keep claims low. In this way, groups can save up to 50% by working together.
P2P insurance services like these are becoming popular among those who value the cost savings and practicality of shared ownership.
Trend Themes
1. P2P Insurance - Guevara's people-to-people car insurance promotes cost savings by allowing users to join groups and share resources, offering disruptive innovation opportunities in the insurance industry.
2. Sharing Economy - Guevara's service aligns with the sharing economy concept, providing car insurance that enables users to share and collaborate, creating disruptive opportunities in the sharing economy industry.
3. Cost Savings - Guevara's approach to car insurance highlights the importance of cost savings, presenting disruptive innovation opportunities in the financial services industry.
Industry Implications
1. Insurance - Guevara's P2P car insurance introduces disruptive innovation opportunities in the insurance industry by promoting shared resources and cost savings.
2. Sharing Economy - Guevara's people-to-people car insurance aligns with the sharing economy industry, offering disruptive opportunities through collaborative and resource sharing models.
3. Financial Services - Guevara's cost-saving approach to car insurance presents disruptive innovation opportunities within the financial services industry, focusing on affordable and collaborative solutions.
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