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Sharing risks, sharing rewards

26 Jun 2018

Who should bear the risk in the sharing economy?

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.

Sharing economy risk at Lloyd’s

Helping platforms mitigate unique risks, while building trust to unlock future growth.