Polaris creates new standards for sharing economy products

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Polaris has announced new standards to cover short-term insurances in home and motor.

The technology and standards organisation said the standards were developed with input from sharing economy provider Pikl.

The standards have been agreed by the Polaris Electronic Trading Practices Group (ETPG).

The collaboration between Polaris and Pikl followed a report published by Pikl in 2019.

The report stated that insurance firms were not identifying customers who let their properties short

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