Munich Re-backed insurtech launches 'on-demand' insurance

US-based insurtech platform Slice Labs has launched its on-demand homeshare insurance product across 13 states. Slice is backed by Horizons Ventures, XL Innovate, Munich Re and Tusk Ventures, and is headquartered in New York City. The new product's coverage includes $2 million in commercial liability, full replacement of the property and a few other coverages that address hosts’ key exposures while renting their homes, such as theft, infestation, breakage of valuables, and loss of income.