In the connected economy, there are simple business models (think subscriptions), complex business models (think platforms like Uber), and then there’s insurance. The insurance sector is so large and complicated that it’s hard to get a read on how big it is. Some estimates put it at $12 trillion cutting across health ($1.3 trillion), property and casualty ($1.5 trillion) and auto ($652 billion). And that’s just three categories. The goal is for providers such as One Inc to turn those paper payments into electronic ones, automatically reconciled in various back offices.
