2023 Roundup: Embedded Insurance as the Gig Economy’s Safety Harness

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Insurtechs: The New Guardians of the Gigaxy? Life in the gig lane is a rollercoaster, isn’t it? You’ve got the freedom to choose your gigs, working in your PJs from the comfy corners of your home, car, or bike, and being the boss of your own destiny. But let’s be real, it’s not all high-fives and victory dances. Without the safety net of sick days, health benefits, or the cosy cushion of job security, it’s like walking a tightrope without a net. And with gig workers making up ~12% of workers worldwide, that’s a lot of folks walking that line, especially women and the younger crowd.Most gig workers wouldn’t trade this freedom for a desk job, not even for a fatter paycheck. But, as they say, with great freedom comes great… risk. So, how are fintechs and insurtechs looking out for these maverick earners?  For gig workers, the traditional insurance menu won’t cut it; they need a whole new recipe. Insurance needs to be tailor-made to fit the unpredictable nature of gig work and served up exactly when and where these hustlers clock in. Enter Embedded Insurance, swooping in to mix a dash of security into the gig economy cocktail.In […]

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