Big opportunities in small-ticket insurance

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<title>Big opportunities in small-ticket insurance</title>
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<dateIssued>2013</dateIssued>
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<abstract displayLabel="Summary">After years of feeble and even negative growth, most insurers are eager to find a solution to their revenue woes. One of the opportunities that is attracting attention from carriers worldwide is small-ticket insurance. Small-ticket insurance includes all types of insurance where the premium and the insured amount are significantly smaller than is the case with conventional insurance. It extends across property & casualty, life & accident, and health insurance. In mature markets the most popular products are extended warranties on household items, laptops and mobile phones, and travel insurance. However there is a great diversity of risks which can be covered ranging from sports injuries, the cancellation of concert tickets, damage to or loss of spectacles and contact lenses, medical treatment of pets, wallet theft and many more. While these types of product generate most of their revenue in developed countries, their appeal is growing throughout the world, especially among younger, digitally-savvy, mobile-enabled consumers</abstract>
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