With the sharing economy becoming more popular, the needs of consumers are changing. We’re adapting our solutions to those changing needs.
What is the sharing economy?
In the sharing economy, individuals are able to borrow or rent out property from owners who aren’t using it. These transactions take place through online platforms and include property like cars, houses, or bicycles. This sharing dynamic goes by a number of names, including the peer economy, the sharing economy, collaborative consumption, or collaborative economy.
A sharing system allows for a more sustainable use of idle or underutilized resources and flexible employment options. And this is just the beginning for the sharing economy. While it has been constantly evolving over the past few years, it’s expected to grow even more in the years to come.
Why is insurance important in the sharing economy?
Who do we cover
So far, we offer policies for the following companies that operate within the sharing economy: