In The News

InsurTech’s pay-as-you-go promise

Even though Metromile was groundbreaking with its pay-per-mile insurance, it certainly wasn’t the first to provide usage-based cover.

In fact, the earliest documented paper insurance policy, a commercial policy, dated February 13, 1343, covered 10 bales of linen on their trip from Pisa to Sicily on the Santa Catalina. It was a pay-per-use policy on a temporary shipment of cargo — right in the midst of the Italian Renaissance. Read more

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