Sharing economy presents risks and opportunities for P&C insurers

The on-demand sharing economy is providing insurance companies an opportunity to develop products for new lines of business. Home sharing, ride sharing, and fashion rentals are three new insurance exposures resulting from the economy. These new exposures present actuaries with several challenges when trying to reserve for their associated risks. In this article, Milliman consultant Dana Ryan discusses the property and casualty (P&C) insurance opportunities and risks of the sharing economy.

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