Episodic insurance - short - term policies to cover discrete events and experiences - are not being fully exploited but " have the potential to alter the business model fundamentally and how energy is consumed " , according to Deloitte Canada 's strategy and executive chief , Mukul Ahuja . The model is concentrated in the sharing sector and can be extended to cover short policy periods , however , as it would affect companies ' cashflow cycles , some incumbents are unprepared to think about it , he said .
Episodic insurance - short-term policies to cover discrete events and experiences - are not being fully exploited but "have the potential to impact the business model fundamentally and how insurance is consumed", according to Deloitte Canada's strategy and innovation chief, Mukul Ahuja. The model is concentrated in the sharing economy and can be extended to cover short policy periods, however, as it would alter companies' cashflow cycles, some incumbents are unprepared to think about it, he said.