The annual renewal of eg car insurance involves the production and delivery of reminders, policies and certificates of insurance, ands time in actively "renewing" your contract annually, arranging payment etc, and has rather  serious consequences eg for motor if you forget.

Why is this idea important?

Much time and cost to the insurance industry and consumers of their main products would be saved, and ther would be increased competition -eg insurance contracts could be one month notice rolling contracts. Fewer "uninsureds", and again areduction in costs and heartache as there would be no  forgetting to  actvely renew i9nsurance annually.

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