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.
"Public awareness of the car sharing system has increased dramatically as new forms of shared vehicle mobility (peer-to-peer, one-way, transportation network companies) have come to market," said Alan Woodland, Executive Director of the CarSharing Association. "The CSA has a mandate to advance consumer protection agenda, ensuring market participants have adequate levels of insurance and make proper disclosure of insurance coverages to the consumer."On September 16 and 17, The CarSharing Association will present its fifth annual conference, in Toronto, entitled Shared Mobility and Transit: Partners for the 21st Century. This is the pre-eminent event for the fast-growing shared mobility industry, featuring industry experts and innovators, academic researchers, emerging technologies and civic leaders from around the world. Speakers will include Dr. Ryan, Managing Director of City Science, Michael Labreque, Chair, Societe de transport de Montreal, Dr. Susan Shaheen, Transportation Sustainability Research Center at University of California, Berkeley and Jen Keesmaat, Chief Planner, City of Toronto. TechAssure Association member, Globalex, will attend the conference. Globalex is a specialty insurance brokerage serving Canadian organizations operating on a national and international level. Globalex is focused on providing insurance and risk management services to venture capital, technology, life sciences, clean technologies and innovative industries.