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.
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
Fact: 92% of millennials want to work remotely.2
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
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.