Sharing Economy Brings New Opportunities For Insurers

By Alexandra Fernandez (September 25, 2018, 1:38 PM EDT) -- The "sharing economy" is a marketplace that uses online platforms to connect the supply and demand of underutilized assets or services. The term encompasses peer-to-peer (e.g., Uber, AirBnb and TaskRabbit), business-to-business (e.g., Yardclub), and business-to-crowd (e.g., WeWork) participation, and it is spreading across industries. There are platforms facilitating the exchange of industrial equipment, medical equipment, space in warehouses, trucking/logistics, home goods, sporting goods, parking spaces, finance/lending and renewable energy, among many others....

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