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Just-in-time insurance and the death of backward-looking actuarial pricing

A 2016 future call revisited in Jim Carroll's 2026 Insurance Trends Scorecard.

Just-in-time insurance and the death of backward-looking actuarial pricing
trends-scorecardreceiptinsuranceoriginal-year-2016
Publish Date2026-09-18
Updated Date2026-09-18
Outcomehit

The original call

Original year: 2016

2026 assessment

Scorecard verdict: Hit

Hit. “Just-in-time insurance” is no longer a futurist’s phrase — it’s a product category. On-demand and episodic coverage you switch on for a single trip, a single rental, a single drone flight, a single gig shift, is here and growing, and embedded micro-insurance is sold at the point of need by the thousands. The move from historical actuarial tables toward real-time, instance-oriented coverage is exactly the path the industry took.

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