Hiscox backs Pikl in sharing economy insurance scheme

Specialist insurer Hiscox is supporting sharing economy insurance provider Pikl. The two have partnered to develop an insurance scheme, the first policies of which will cater to those who let out their properties on a short-term basis. The host insurance product leverages the expertise of the Hiscox schemes team. “We’re very excited to enter this partnership with Hiscox,” commented Pikl chief executive Louise Birritteri, whose camp aims to roll out further offerings that target other customer groups within the sharing economy. “This not only gives our policies credibility, it also gives us a much greater ability to tailor our products to cover lots more sharing economy situations and provide cover to a broader range of properties and operators in this growing market.”