• Insurance and the Sharing Economy

    Posted in InsurTech blog, MicroInsurance blog, Sharing economy on Jul 08, 2019


    The sharing economy is growing up fast, message is that the growth will reach or surpass PwC’s projections which show that five key sharing sectors—travel, car sharing, finance, staffing, and music and video streaming — have the potential to increase global revenues from roughly $15 billion in 2015 to around $335 billion by 2025. Massive growth.

  • Augmented, the new AI?

    Posted in InsurTech blog, MicroInsurance blog, Sharing economy on Jun 16, 2019


    Is Artificial Intelligence (AI) taking over everything? Do we have to fear or welcome this new AI tech? Is the reality that AI Augmentation more deliverable and welcoming?

  • Uber - new opportunity or just an algorithm

    Posted in InsurTech blog, Sharing economy on Jun 03, 2019


    Computer Vision is becoming the central tech behind insurance claims processing. The ability to process claims and rely on algorithms is at the core of this. How is this different to the platform businesses of the GIG economy? Not much it seems as the workers and the platforms are all driven by the algorithm too it seems.

  • Community Insurance

    Posted in Global Network Blog, MicroInsurance blog, Sharing economy on May 29, 2019


    The first methods of providing a form of insurance can be found in Chinese and Babylonian history from the 3rd and 2nd millennia BC. Chinese merchants traveling treacherous river rapids would redistribute their wares across many vessels to limit the loss due to any single vessel's capsizing. The Babylonians developed a system where a merchant received a loan to fund his shipment, he would pay the lender an additional sum in exchange for the lender's guarantee to cancel the loan should the shipment be stolen or lost at sea. These were systems built around communities sharing in hazardous activities. The idea of insurance and community support seems to be lost to the current insurance industry.......

  • Micro Insurance by STP

    Posted in MicroInsurance blog, Sharing economy on Feb 06, 2019


    We prefer a wider more inclusive definition of Micro Insurance, one that allows products to be developed, sold globally, works in the new sharing economy and includes solutions for many of the issues surrounding selling, distributing and managing micro insurance policies and schemes. Products that cover all populations based on their specific needs.

  • From the sharing economy to … The Economy?

    Posted in MicroInsurance blog, Sharing economy on Jan 11, 2019


    The much vaunted PWC study and projections from 2013 points to large growth and many of its predictions are coming true as we see likes of AirBnB and its many copycats create value for home owners, seeing a huge change in availability. Scooters, Cycles and soon autonomous vehicles will all add to this shifting business model.

  • New Insurance for the New Economy

    Posted in MicroInsurance blog, Sharing economy on Oct 15, 2018


    To re-write the Life of Brian sketch about the Romans….. What has insurance done for us? Well World Trade; General Mobility through vehicles & aeroplanes; Health, Security of loans and homes… OK OK OK so apart from World Trade, Mobility, Health, Security – what else?............ Nothing! So why is it that insurance seems so irrelevant when so often it is the enabler?

  • GiG economy and Sharing Economy in 2018

    Posted in MicroInsurance blog, Sharing economy on Sep 29, 2018


    When a person is working in the GiG economy and Sharing Economy, the earnings represent a significant amount of income for that person, however over a year it tends not to be a significant proportion of income. This is because most people do not participate generally all year. Insurance for the sharing economy is still stuck in the past. Microinsurance is the future of gig and sharing economy insurance. Home sharing platforms are profitable ways to earn income from your home so long as you keep costs down and manage risk.

  • GIG economy ruling

    Posted in MicroInsurance blog, Sharing economy on Jun 19, 2018


    Britain's Supreme Court on Wednesday 13th June 2018 ruled that a plumber employed in the gig economy had "worker" status in a landmark case that could have major implications.

  • Freelance working

    Posted in MicroInsurance blog, Sharing economy on Jun 03, 2018


    Multiple mobile applications (Apps) are creating a vast amount of jobs and creating new opportunities for people looking to try new things and break the norm or even get back into work. But who is going to own your reputation?