Daily Markup #577: YAS MicroInsurance provides on-demand protection for modern lifestyles; aims to cover more activities & sports

Credit: Insurance Asia

Rain or shine, you’ll be fine

  • Most of us have insurance coverage for healthcare, our homes, our vehicles, and even for personal items. But what about protection during activities that increase the risk of personal injuries such as hiking, biking, or running?
  • That’s exactly what Andy Ann wondered, which led him to create insurance products HYKE, BYKE, and RYUN at 500-backed YAS, a microinsurance startup he co-founded and helms as CEO.
  • Getting YAS coverage is as easy as flicking an on-off switch on their app! “We believe that insurance should be as simple as Spotify or Deliveroo. You press a button, and you are insured,” Andy explained.
  • During the coverage period, the app tracks runners via GPS, monitors the weather, and updates the runner of increased risks in real-time.
  • What’s even better than on-demand insurance coverage? Fuss-free claims when you need them! Andy added, “In about 48 hours you can file a claim and you don’t need to wait three months for this to process.”
  • More innovative products coming soon from YAS include WALKY – for dog owners looking formedical expenses coverage from dog bites – and products for activities like swimming, tennis, volleyball, and soccer.
  • Read the full interview here.
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