Category Archives: Sharing Economy

Peer to Peer Insurance

  Dion Oryzak   In the previous post we discussed the rise of new peer-to-peer micro-commercial insurance risks. These may disrupt the industries they are attempting to displace (like taxis or hotels) but, apart from necessitating rewording of some policy documents, they don’t impact the insurance business model itself. Since insurers are free to accept or […]

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Insuring the Sharing Economy

Amit Verma Uberrima fides means “utmost good faith” or, more simply, “trust”. Two-way trust lies at the heart of the business models of both the insurance industry and the sharing economy. ‘Trust’ uniquely binds the two. When policyholders pay a premium they trust that insurers will honor their promise to pay at claim time. Insurers […]

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