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Embedded Insurance May Offer $3 Trillion Market Opportunity According to Business Transformation Specialist Simon Torrance
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Simon Torrance, Advisor to Boards and Leadership teams on business model transformation, platform strategy, and digital ventures, claims that embedded insurance is a $3 trillion market opportunity, which may help “close the protection gap.”
Torrance, a Senior Advisor at Rainmaking, explains that embedded insurance is part of a wider movement towards embedded finance which is about gaining access to more affordable or economical and personalized insurance.