Expertise from A-Z: Sharing economy: Collaborate, insure and prosper
The sharing economy is booming, with new businesses constantly bringing new offerings to market and insurance is playing a major role in supporting such innovation
The opportunity is huge. Research from consultants PWC estimates revenues of sharing economy businesses already total £10bn and this is set to rise to £230bn by 2025. However, because new businesses are springing up rapidly, this could be underestimated, as innovative people devise new products and services to deliver to an eager, worldwide customer base.
Sharing or collaborative business models are based around the ability to scale up to global proportions - think Airbnb or Uber - but what
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