Sector criticised for approach to sharing economy

smartphone-apps-sharing

Report outlines the insurance risks for customers active in hosting AirBnb guests due to gaps in cover.

A report has exposed the UK insurance sector for failings in short term property insurance.

This type of insurance is needed for customers who let their properties for a short time using platforms such as AirBnb as part of the sharing economy.

The report – Insurance in the sharing economy2019 property focus – was published by sharing economy specialist Pikl.

Inlet
Pikl is the new brand name for Inlet, which was launched just over two years ago, and the launch of the report coincides with

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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