New business practices and technologies have led to many workers supplying their labor outside of the traditional employment relationship, with a continued shift towards contract work.
From Shared Economy App providers enabling flexible and freelance work to organizations leveraging contract workers, the Future Workers are unique. They are technologically-savvy and highly adaptive.
Spend a day in the life of the following Future Workers to understand their risks and fears.
Rideshare driver
Fact: The worldwide ridesharing market size was about US$36 billion in 2017 but it could grow eight-fold by the year 2030, reaching $285 billion annually.1
Technopreneur
Fact: 92% of millennials want to work remotely.2
Social media influencer
Fact: 1.4 billion international trips were made for leisure in 2018, up from 6% last year, according to World Tourism Organization. Social media influencers specializing in travel are part of this growth story.3
Information technology professional
Fact: Globally in 2020, the number of international assignments will increase by 50% from 2010.4
Chubb’s solutions for the shared economy
Working with leaders of the shared economy, Chubb has tailored insurance products for the future workers in the Asia Pacific region. Contact us if you are interested to find out how we can collaborate to serve the shared economy.
1A study by Goldman Sachs - https://www.nextbigfuture.com/2017/10/worldwide-ridesharing-at-285-billion-per-year-by-2030-will-be-pro_table-when-self-driving.html
2A study by Globalworkplaceanalytics.com published in 2017 - https://www.icmi.com/Resources/2017/Want-to-recruit-Millennials-Let-them-work-from-home
3Morgan Stanley, How is the gig economy changing the workforce, 20 Nov 2018.
4Talent Mobility 2020 by PwC, Page 6.
Download the full infographic.
The future worker
© 2022 Chubb. All rights reserved.
No part of this article may be reproduced in any written, electronic, recording, or printed form without written permission of Chubb.
Disclaimer - All contents of this article are intended for general information/guidance purposes only and not intended to be an offer or solicitation of insurance products or personal advice or a recommendation to any individual or business of any product or service. This article should not be relied on for legal advice or policy coverage and cannot be viewed as a substitute to obtaining proper legal or other professional advice, or for reading the policy documents. You should read the policy documents to determine whether any of the insurance product(s) discussed are right for you or your business, noting different limits, exclusions, terms and conditions apply in each country or territory, and not all cover is available in all countries or territories.
Have a question or need more information?
Contact us to find out how we can help you get covered against potential risks