For 14 cents, a Shanghai company will compensate a driver for getting a parking ticket. Another one offers “love insurance” for $14. These are just 2 of the numerous offbeat insurance policies Chinese can buy to protect against risks as varied as unforeseen shipping bills and foul weather. The regulator is however clamping down.
For 14 cents, a Shanghai company will compensate a driver for getting a parking ticket, one of numerous offbeat insurance policies Chinese can buy to protect against risks as varied as unforeseen shipping bills and foul weather. Welcome to “insuretech”—insurance powered by technology that provides an electronic foot in the door for an industry known for cold calls, actuary tables and conservative investments.
http://www.wsj.com/articles/need-love-insurance-china-is-your-place-1484130617
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