TORONTO, Sept. 13, 2013 /PRNewswire/ — The car sharing industry is expected to exceed $6 billion by 2020 with top markets including North America, Europe, Asia, Australia and South America. Around the globe, policymakers, urban planners and entrepreneurs are busy finding solutions to ease environmental and traffic issues by deploying creative uses of technology and establishing unique business models.
As the industry continues to grow, creative approaches in corporate insurance and risk management play a critical role as the sharing firms reach for profitability and position to increase membership. To compete successfully, today’s collaborative sharing firms and entrepreneurs must understand their risks and continually devise and execute strategies to move faster and operate more efficiently. The members of TechAssure Association help leaders in innovative industries grow smarter by understanding their organizational risks, creating specialty insurance products and turning risk into opportunity.
The CarSharing Association partnered with TechAssure Association to conduct their 2013 Annual Insurance and Risk Survey for their members. Survey questions centered on concerns, risks and opportunities in the car sharing industry.