While growing up, we shared food, toys and study notes with our friends and siblings. Today as grown-ups, we can share much more, even cars and homes! And not just with kith and kin.
Welcome to the age of the sharing economy, which puts purpose before property, experiences before possessions. The phenomenon is changing the social and economic landscape around us as the younger generations shun over-consumption, choosing instead to borrow just what they need, when they need.
But how do you insure something that does not strictly belong to one person? The Allianz International Ecosystem on Sharing Economy is working on identifying the opportunities and challenges that the rise of the sharing economy provides.