Business risks of a £9bn sharing economy

The internet has transformed the way people can access products and services – and made it far easier for people to offer their goods, skills and expertise to others. In particular, the recent emergence of websites that enable people to share everything from their driveway to their office space has led to the growth of the so-called ‘sharing economy’. In the UK, this sharing economy is worth an estimated £500 million, with this figure predicted to rise to £9 billion by 2025.

This article highlights why brokers should be aware of how this trend may affect their SME customers.

Topics covered:
• What is the sharing economy?
• Accommodation and transport lead the way.
• Emerging opportunities in the sharing economy.
• New trends mean new risks.
• What can brokers do?