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.
Posted in MicroInsurance blog on Jun 16, 2018
Parametric insurance is not wildly known about. Its one of the many insurance industries best kept secrets. However it is becoming a more used terms these days because of the focus on Tech and customer services. Parametric insurance can be very attractive to groups, individuals and even companies. It offers to pay out on given triggers (or parameters) and then the ‘insurance’ is paid out on that basis.
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?
Posted in MicroInsurance blog on May 08, 2018
It is always great to find a web site that is global and shows what people care about and what their dreams are. Check out how Dollar Street helps us design our insurance products, its also great fun and will help your understanding of people.
Posted in MicroInsurance blog on May 07, 2018
Insurance companies can be reluctant to offer index or parametric insurance owing to the perception it’s difficult to assess and overall, complicated to evaluate. Many insurers lack the needed knowledge and technical understanding to develop a sustainable and profitable parametric insurance solutions. Microinsurance is about to launch its first policy in partnership with its global partners. Parametrics could be a game changer for the developing economies of the world and the sharing economy as the need for efficient processing grows.
There is no single future of work. The only more certain thing is that all work will change; the technology, your colleagues, hours, terms, tools, colleagues, coffee and hopefully the commute.
With the ability to gather significant amounts of data with ease, firms with sharing economy models are prime candidates to support and operate alternative risk structures to solve their unique insurance needs. They need new partners which can bring technology and insurance together in one place.
Posted in MicroInsurance blog on Mar 05, 2018
Look before you leap.....Insurance is typically poor at technology, marketing and dealing with global issues. Their compliance, whilst very protective, also slows the industry down. It can be very hard to put a global insurance program together based on new areas of risk or a new way of looking at the risk
Insurance for Online Marketplaces and the shared economy - This FREE book provides guidance for new economy entrepreneurs who are considering insurance for their platform, sharing economy app and marketplace.
The world of employment is always changing, however today there is an acceleration towards people looking after their own hours and becoming more flexible. Two large surveys have been undertaken in the UK and USA about the Freelance or GIG economy, apparently its preferred now to call it the Freelance Economy, both surveys released earlier this year, 2017.