Analysis: The rise of pay-as-you-go insurance

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The pandemic has accelerated demand for flexible and usage-based insurance products, according to experts.

Given that the majority of pay-as-you-go insurance products cater for the motor market and workers in the gig economy, such as couriers, where the national lockdowns have had a big impact, this is not a huge surprise.

However, while there are opportunities for traditional brokers to evolve their propositions to meet customer demands, there are challenges to overcome in order to be

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