The emergence of the sharing economy is revolutionising the way assets and services are consumed – creating multi-party relationships and raising the question of who should bear responsibility for mitigating the risks involved.
Lloyd’s commissioned a survey to learn about how US, UK and Chinese participants in the sharing economy perceive and manage the inherent risks. This study demonstrates how insurance can be a key driver of consumer confidence and trust, with the ability to help break down barriers to use, ultimately driving business growth for sharing economy platforms.
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