Greater technological adoption has enabled the insurance industry to offer intuitive insurance products, via a variety of digital platforms to millions of new customers in e-commerce sectors such as online shopping, ridesharing and the gig economy, as well as in more traditional sectors such as logistics, retail, travel and banking. The digital age has also allowed the insurance industry to narrow insurance protection gaps using simplified solutions in an ecosystem that serves their financial and digital needs – with an umbrella of insurance covers to protect their overall well-being and resiliency. By harnessing data and technology, the industry is also able to streamline the end-to-end insurance process and cut costs through fraud indicators, creating a win-win situation for consumers and insurers. The role insurance plays to relieve some of governments’ financial burdens could not be more pronounced than in the current period of expanded financial expenditures.