Research group MaRS Solutions Lab released a report on the sharing economy late last week, finding that Uber drivers need insurance solutions tailored to meet their needs, singling out insurance as “One of the most pronounced issues to emerge from our work.” The report also found that the sharing economy is “blurring the line between private and commercial use and that it was up to the authorities to compel insurers to catch up.” Furthermore, the report called for governments investigating regulation for the sharing economy to ease the expectations placed on conventional operators: "When it comes to introducing regulation for the sharing economy, governments should not only look at regulating new entrants, but should also revisit current regulations to reduce burden for existing operators…"
Research group MaRS Solutions Lab released a report on the sharing economy last week, finding that Uber drivers need insurance solutions tailored to meet their needs, singling out insurance as “One of the most pronounced issues to emerge from our work.” The report also found that the sharing economy is “blurring the line between private and commercial use and that it was up to the authorities to compel insurers to catch up.” Furthermore, the report called for governments investigating regulation for the sharing economy to ease the expectations placed on conventional operators: "When it comes to introducing regulation for the sharing economy, governments should not only look at regulating new entrants, but should also revisit current regulations to reduce burden for existing operators…"