I never thought I would ever write a paper about Insurance, but it recently came up as an interest of mine, as I’ve found that the most interested, and interesting parties, in the blockchain ecosystem are the innovators in the Insurance industry. This is my take, musing if you will, on how Insurance companies can easily approach innovating in their industry with some exceptionally smart founders who are very willing to collaborate with the industry titans to solve some of the most interesting problems facing the developed and developing world.
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Why Everyone is Watching the Sharing Economy Insurance News Net The growing industry, which enthusiasts tout as a revolution in consumerism, is estimated to be worth as much as $26 billion , a figure offered by author Rachel Botsman in her book...
This has been the year of Uber. “Everyone is starting to worry about being Ubered,” Maurice Lévy, chief executive of advertising group Publicis, told the Financial Times this week. The sharing economy in which online platforms co-ordinate hundreds
Next-generation opportunities will require re-thinking of traditional business principles; SMA report offers ideas on reducing claims operations costs while expanding geographically.
A recent article in PropertyCasualty360 proposes that Uber and Lyft are 2014’s “insurance story of the year.” I’d expand that to say that the sharing economy has been a hot topic in the industry, with many insurers waiting to see how the ongoing debate among regulators, legislators and the sharing companies turns out.
PORTLAND, Ore. (AP) — Typical insurance policies won't cover people participating in the "sharing economy" by renting out their home or using their car for a driving service, Oregon's insurance commissioner warned Friday.
Several economic and societal factors have fueled the growth of the sharing economy, in which people rent, borrow, share and swap items they might have purchased 10 or 20 years ago. But what is being overlooked in the rush to embrace this new way of consumerism are the risks to those on both sides of the transactions.
SafeShare, an insurance services company has launched a new blockchain based insurance product targetted towards the sharing economy businesses. Read more.
Last week, I co-moderated a panel discussion at the Bar Association of San Francisco entitled “Insurance Issues In The Sharing Economy.” We had a lively and informative panel discussion...
An ÜberX drivers discusses how he must conceal his Uber driving from his personal auto insurer out of concern he'd have his personal insurance cancelled, and also discusses how Uber is allegedly...
“When would we know our financial system is working?” is the question underlying Long Finance’s goal to improve society’s understanding and use of finance over the long-term. The Long Finance initiative offers an innovative approach to long-term financial thinking. In contrast to the short-termism that defines today’s economic views the Long Finance time-frame is roughly 100 years.
When Daan Weddepohl’s house burnt down, he found himself scrounging from friends and neighbours, sleeping on sofas and borrowing things to get by. “At first I hated it,” says the 34-year-old.
Typical insurance policies won't cover people participating in the "sharing economy" by renting out their home or using their car for a driving service, Oregon's insurance commissioner warned Friday.
Insurers have always been at the forefront of responding to user needs. Direct marketing and online portals make it easier for consumers to understand and purchase insurance. Usage-based insurance (UBI) allows safe drivers, particularly those who drive less, to reduce their premiums. Even insurance company-sponsored coffee houses offer a unique way to gain financial service knowledge and one-on-one access to experts.
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