There are fundamental flaws in how insurance works on circular platforms today. In particular, these flaws stem from a mismatch between the long-term, ownership-based models used in insurance to short-term, use-based transactions in the circular economy.

This mismatch causes problems for circular economy platforms who cannot integrate insurance solutions into their market models, as well as for the consumers who stand without protection. This mismatch, on the long-term, could have a chilling effect on the circular economy. Entrepreneurs in this space are particularly affected as they struggle to launch services without the security and legitimacy that insurance provides.

Expected impact

Initial exploration of the use of different data sources to improve short-term risk assessment models, and risk pooling.

Theoretical perspectives

Platform economics, digital innovation


SCDI participants

Claire Ingram Bogusz

Funding and timeline

Initial funding from Vinnova until April 2019