Specialized Insurance for Sharing

If you are part of any of these kind of business, be aware of this trend:

Sharing Economy companies can be economically compromised if they couldn’t count on insurance companies as their aim is to put together people who have never met and who share products that belong to logged users (not their own inventory). The needs and risks envolved are too high!

On the other hand, the insurance companies may see their profits shrink as people buy less and rent more — what would you insure if you don’t own the things yourself?

Based on this very promising partnership, the Insurance Industry have already been speciallizing in China. Check it out:

Insurance joins sharing economy