As consumers and companies’ buying behaviors shift toward purchasing access to assets rather than owning them, the effect is a positive growth in the sharing economy industry. Marsh has created a new Sharing Economy Insurance Facility which will help companies participating in the sharing economy for livery and delivery services mitigate much of the auto liability and excess casualty risks that come with operating in this space.
And with autonomous vehicles on the cusp of making a debut, their convergence with shared mobility platforms will accelerate their adoption rate especially in dense urban areas. Marsh’s new Autonomous Mobility Insurance Facility will help companies testing autonomous vehicles by providing primary non-admitted auto liability and excess capacity solving a much needed gap in coverage in today’s commercial insurance marketplace.
We invite you to explore this page to learn more about these new solutions for the sharing economy and autonomous vehicles industries.
Sharing Economy Insurance Facility
As consumers and companies are shifting to purchasing access to assets rather than owning them, businesses of all types are responding with new offerings. These transformative trends in business models and consumer behaviors are reflected in the rise of the sharing economy.
Autonomous Mobility Insurance Facility
The world is on the cusp of a seismic shift in both personal and commercial mobility. The convergence of autonomous vehicles — which can offer safety, convenience, and economy — with shared mobility platforms will accelerate their adoption rate more rapidly than many currently anticipate, especially in dense urban areas. Yet the commercial insurance marketplace has struggled to meet the needs of autonomous vehicle users, including companies that must secure insurance coverage in order to meet regulatory requirements.