Will traditional insurers anticipate the threat from new entrants and/or new partnerships like that between Airbnb and Lloyds of London?

Inflexible, complex and slow to adapt legacy systems should not be a constraint for insurers. Digital platforms can combine the speed of deployment of offered by Slice's or Lemonade's products with the scalability and performance of legacy mainframe systems.

Better still they can do this both for on-demand insurance and longer term products. A complete solution and not just a gig economy solution