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New Economies

"Borrowing is the new buying". This is what the sharing economy is all about. And it’s developing rapidly. The sharing economy is projected to continue expanding and disrupting many established industries. PwC estimates, for instance, that total transactions in the sharing economy in Europe alone will increase from EUR 28 billion in 2016 to EUR 570 billion by 2025.

As these new business models upend traditional relationships between suppliers and consumers, the risks remain; accidents and property damage happen, errors occur, valuable materials are stolen or misappropriated, and so on.

One of the challenges – or, depending on your perspective, opportunities – in protecting the sharing economy is that traditional insurance models don’t readily fit these new business models.

We get it. That’s why we create tailored solutions that enable sharing economy companies to successfully participate in the growing New Economy Industry.

Autonomous Technology

As industry advances, it is widely accepted that autonomous technology will revolutionize economies and societies across the globe; not only well-established, global industries, but also fast-moving, young businesses for which innovation is the driver.

Autonomy is already expanding into and re-shaping many industry sectors, including:

  • logistics
  • construction
  • agriculture
  • the food industry
  • professional automotive services

While the potential positive impact of autonomy is immense, the technology also brings with it a new set of risks that the insurance industry has a duty to understand and, more importantly, to help mitigate.

Leveraging both our partnership with Oxbotica, a recognized leader in autonomy, and the work we're doing together on the DRIVEN project, our multi-disciplinary team of experts have created an insurance solution that supports the design, development and implementation of autonomous technology for all sectors of industry.

If you’re already using autonomous technology or just starting to think about the benefits autonomy can bring, when it comes to risk, we'll most likely have the answers you're looking for.

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