Trendwatch Finance & Insurance: July 21, 2020

New York Times: Letting Your Insurer Ride Shotgun, for a Discounted Rate 

Most big car insurers offer apps that monitor your driving, and one start-up requires it. The trade-off in privacy is a premium that could be substantially cheaper for safe drivers.    

Fortune: Goldman-backed Startup Bond Raises $32m to Let Any Company Offer Banking   

Bond provides software that lets companies of all sorts offer products such as credit cards and debit cards. Bond has also worked to ensure the software integrates with a network of banks that can handle the regulatory obligations on behalf of its customers. 

Forbes: How One Fintech Unicorn Became A Fashion Destination    

As the world moves rapidly online, the distinction between B2B and B2C is becoming increasingly hazy.       

PYMNTS: How One Startup Is Reinventing Travel Insurance For The Post-Pandemic World     

Koala monitors the travel journey in real time, so that if there is an event that would trigger insurance coverage, the consumer is automatically paid for that claim — literally without even filing one.

Sixth Tone: For Young Chinese, The Coolest Thing To Do in 2020 Is Retire 

After months of lockdown, Chinese millennials are reassessing their priorities. And that's leading to a surge of interest in Western early-retirement advocates like Mr. Money Mustache.