Strengths: Low politicization,
home insurance market, workers' comp market
Out of the 1,458 respondents covered in the survey, 63 percent do not have
home insurance. Data shows that more than 80 percent of consumers are currently renting the properties they live in, and 70 percent are living in apartments.
Kin, started in 2016 by financial tech entrepreneurs Sean Harper and Lucas Ward, began as a technology-driven
home insurance carrier in Florida focused on customers with catastrophe coverage needs.
With an increasing number of companies now offering
home insurance in Cyprus, consumers should use certain criteria to assess whether they are getting the best of what the market can offer.
Taken together, the group's companies write and manage more than $1.3 billion in auto and
home insurance premiums across Connecticut, Massachusetts, New Hampshire, New Jersey, New York and Pennsylvania.
"According to our survey, 35 per cent of respondents said that they don't see the point in
home insurance at all - so there's certainly an element of UAE residents not seeing the benefits that a
home insurance policy would offer," says Rawling.
The "Smart
Home Insurance - Role of Emerging Technologies, 2019" report has been added to ResearchAndMarkets.com's offering.
Avinash Babur, chief executive officer at Insurancemarket.ae, said: "A common misunderstanding of
home insurance is that only individuals who own their apartment or villa can purchase this type of insurance.
A
home insurance industry levy helps to pay the running costs of Flood Re.
"We're hoping to get across with this survey that, actually,
home insurance is useful, and it can be cheap and easy to arrange.
"I am delighted to start the new year by making
home insurance more affordable for those most at risk of flooding.
Many new home owners take out their
home insurance with their mortgage lender rather than going elsewhere, a survey has found
