The future of insurance & the sharing economy
“The sharing economy looks different from the typical corporate risk. You build your claims tools and your actuarial data. They need to be dynamic and work in-house or with a TPA to get the information right to the point, ”said Laura Langone of Airbnb. (Photo credit: Daniel Dror / Shutterstock) Companies like Uber, Instacart, and Airbnb have radically changed the way consumers view certain industries. These emerging and constantly developing companies also have special insurance needs and demand flexibility from the industry. Laura Langone, Head of Insurance at Airbnb, noted the tremendous opportunity these companies offer insurers: “The sharing economy is not disappearing and is evolving. We've seen it with Uber, and we've seen it with home sharing and many other goods and services. " The needs of the companies that make up the sharing economy are each unique. This, according to Langone, makes it a little harder to find a cover than simply going out on the m...