Creating a world's first: Insurtech Alicia and Temper solve a growing social problem, by creating the world's first collective insurance for platform workers.
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How an unlikely partnership resulted in the world's first collective insurance for platform workers.
The nature of work is changing. It is more fluid than ever before; agile, technology-enabled, and inclusive. Driven by a growing pool of flexible extra-earners drawn to the freedom, security, and opportunity of today’s growing shift economy. Shaping this new market requires a fresh mindset, innovative thinking, and the creation of unlikely new partnerships to make the most of the opportunities and challenges ahead.
A case in point: Who ensures that flexible extra-earners, considered independent contractors by traditional standards, are afforded the same social protections as conventional workers? What if, instead of looking to regulators or a specific industry for change, we initiated it ourselves? After all, wouldn’t prioritising social security as a means to help transform and strengthen platform workers benefit the economic and social well-being of everyone?
Big ideas and innovative breakthroughs can never be realised individually. That's why digital insurer, Alicia and Temper joined to create a bespoke insurance solution to provide flexible extra-earners with affordable and relevant health and safety insurance every time they work a shift via the platform.
The world's first pay-per-use collective insurance including sick pay provides automatic coverage for all flexible extra-earners who work on the side via Temper's digital noticeboard—a never-before solution for providing platform workers with the crucial coverage and the protection they deserve.
Flexible extra-earners working through the platform are now automatically insured for professional liability, accidents, temporary disability, and parental and bereavement leave at no extra cost to the worker. As a bonus for extra-earners who are members of the FreeFlex Foundation, they receive an extra benefit of 90% of the average shift income in the first year instead of the usual 70%. The insurance is paid for by a small increase in the clients' contribution and therefore costs the extra-earner nothing extra.
"Providing social insurance is one way we can build a more robust and future-proof labour market for everyone," says Niels Arntz, founder of Temper. "It creates a more substantial healthier labour market, which benefits us all."
"One of the great challenges of the modern labour market is that the share of self-employed people is rising while the insurance rate is falling. We believe that’s not necessary," says Marijn Moerman, Alicia CEO. "Alicia designs and develops tailor-made insurances for the self-employed, and with this world's first collective insurance solution including sick pay we think we have found a solution that helps close the insurance gap and that can be used widely to really make a difference."
For more information, see the Alicia Benefits website.
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