The Sharing Economy: A new social trend has arisen in the last few years, especially in the High Net Worth/Affluent space, of sharing and borrowing, instead of owning, and the concept of “collaborative consumption.” Since this is a fairly new social norm, it is hard to predict future outcomes and impacts, and makes it a grey area in the insurance space, and the ease of accessibility allows clients to unknowingly put themselves at risk.
What is the sharing economy?
Different ways affluent clients are sharing their assets
What’s the risk? (Claims examples)
Is it a personal or commercial exposure? How do you insure it and protect the client?
*CE/CPE Eligible: 1 CE credit is available to subscribers with these designations: CFP, CLU, ChFC and RICP. CPA subscribers will earn 1 CPE credits.
Field of Study: Specialized Knowledge
Prerequisites: There are no prerequisites for this session.
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.