The emerging trend in sharing personal assets—sometimes referred to as “collaborative consumption” or “the sharing economy”—presents challenges and opportunities to property/casualty insurance carriers, according to a recent whitepaper released by two industry consultants.
Executive Summary
A new whitepaper examines the opportunities available to carriers who develop insurance solutions for car-sharing and other types of collaborative consumption, noting the obstacles that carriers face in moving to embrace the trend.In the whitepaper titled, “Insurance in the Sharing Economy,” authors Paul Mang, managing partner at Avarie Capital, and William Wilt, founder and president of Assured Research, argue that P/C insurance will be a critical part of moving the sharing economy into the mainstream.
