The book by Microsoft, The Future Computed, (see link at end) is an indepth look at AI and the opportunites it offers for the new work place. People worry about the impact of AI, however we need to adapt and change. Humans are good at gradual change and the truth is we are already moving towards freelance and GIG working at an amazing pace.

The book helps us to understand why between 2005 and 2015, the number of people in alternative work relationships — which includes contractors and on-demand workers — increased from 10 percent to 16 percent accounting for nearly all net job growth during that period.

A recent study by the McKinsey Global Institute concluded that “the independent workforce is larger than previously recognized” with up to 162 million people in Europe and the United States — 20 or 30 percent of the working-age population — engaged in some form of independent work. For more than half of these individuals, independent work supplements their primary income.

At we are focused on changing the way insurance is developed and processed. We are insurance with an API. We are in the forefront of that change; developing policies by the job, by the hour, by the day and by the Km, thus fitting our model to the new opportunities offered by the freelance work place. We are unbundling policies so that the cover offered fits with the actual job or process being undertaken.

What does this mean for the freelancer? It means that we are working on policies that will provide the 'benefits' of a traditional employer but for you to own and grow with you.

Get the bookThe Future Computed here.

tags #freelance #gigeconomy #sharedeconomy #microinsurance #captive

Posted in InsurTech blog on Apr 07, 2018