• Style or Sincerity

    Posted in MicroInsurance blog, Sharing economy on May 16, 2020


    Insurtech's will argue that they are changing the insurance world when in fact they are, in the main, sitting atop of existing carriers and deep rooted processes. They are adding style. Putting make up on an old face. Is this enough to convince a buyer to buy?

  • GIG worker rights

    Posted in MicroInsurance blog, Sharing economy on Mar 14, 2020


    This week, 16th March 2020, as more of us find ourselves working at home and again employers looking for flexible working, is it time to look at GIG working as a benefit? On the 2nd March 2020, France's highest appeals court ruled that one of Uber's former drivers should be recognized as an employee rather than as an independent contractor, putting France at the vanguard of other efforts around the world to give gig-economy workers broader employment rights. But is this the right approach?

  • Sharing economy - 2020

    Posted in InsurTech blog, MicroInsurance blog, Sharing economy on Jan 01, 2020


    The sharing economy is here to stay and was one of the fastest growing business trends of the last decade, although at this point in time it’s impossible to know the actual size of the sharing economy because many of the companies are private and don’t publish their full business results.

  • 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 MIC

    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?