The Sharing Economy and The Internet of Things – Understanding Coverage Issues

This program will review the rapid escalation of the sharing economy and the internet of things and focus on the emerging liability and coverage implications arising from these developments from a broker’s perspective. The sharing economy is redefining traditional business relationships and reshaping consumer behavior. Innovative uses of the traditional personal automobile, commercial use of residential premises, the evolution of the internet of things and autonomous automobiles will dramatically alter the nature of traditional risk exposures and corresponding insurance solutions.

Attendees will develop an understanding of the opportunities, risks and challenges associated with the sharing economy from a first party and third party perspective.

Program Objectives

Participants will:

•Review emerging developments of the sharing economy.

•Identify the liability gaps created by the sharing economy and the internet of things in personal auto and habitational insurance.

•Understand the role of the broker as trusted advisor in the sharing economy

•Leveraging the opportunity of emerging insurance solutions

•Understanding the features and benefits of new insurance coverage designed to address mixed personal lines and commercial risks.

Seminar Leader
Mario Fiorino, BA, LL.B, M.Ed.
Senior Counsel, Insurance Bureau of Canada