Lloyd's found that 71% of consumers globally would be more likely to use sharing economy services if insurance was offered Lloyd's found that 71% of consumers globally would be more likely to use sharing economy services if insurance was offered. (Photo: Shutterstock)

The shared economy has been growing for a number of years and it's only likely to dominate going forward. As technology's role in the shared economy continues to expand, individuals have grown accustomed to the numerous benefits that come with it — convenience, flexibility and cheaper costs, among others.

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