Collaborative Consumption Firms has been challenged by Insurance and Risk Management
In a speech, Julie Davis as Vice President of Heffernan Insurance Brokers spoke about the growing area of Collaborative Consumption. Latitude and Shareable Magazine has released findings of “The New Sharing Economy Study,” which found new opportunities for entrepreneurs, investors that would be established companies in the growing area of “shared services.” The study shows good opportunities for new sharing services.
Their firms have an operating model that share physical spaces, tangible assets and property, intellectual property, household goods, online communities and network and more. Those things make shared service firms will develop growth in our economy, and related investment opportunities will next to be aligned although shared service firms have special business, insurance and risk management needs. Essentially, risk management has to concern with surround the areas of shared ownership, responsibility, maintenance and usage.
The collaboration and sharing of physical assets make unique insurance and risk management challenges for many of these firms. The insurance industry has no time to adapt to these changes because it is late. Davis said that this will create the need for customization and specialization. Davis is the founder of Risk Communities and it is a popular blog for technology firms and their special business advisors.
