Sharing economy represents sharing of cars, logistics, accommodation, or parking spaces triggered by companies such as Uber and Airbnb and driven by millennials. _ Commercial insurance products are yet to cater fully to the coverage for the “shared usage” of assets and leave the hosts with huge coverage gaps.
Goals and Objectives
Partner with the right technology vendors or insurtechs to establish a platform to enable hosts to apply for simple, easy-tounderstand insurance coverage for each sharing use. Ensure consistent experiences across the customer journey across different kinds of mobile devices and channels.
Mobile technologies, IoT, Cognitive technologies, Cloud, Advanced analytics, Next-gen security
Use Case Summary
Adapt to the needs of a changing marketplace by offering products for the sharing economy and addressing existing liability coverage gaps.