The future worker
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 The number of shared workspaces has grown at over 100% a year for the last 10 years and expected to surpass 20,000 globally in 2019.3
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.4 Social media influencers specializing in travel are part of this growth story.
Information technology professional
Fact: Globally in 2020, the number of international assignments will increase by 50% from 2010.5
Conservationist
Fact: Ecotourism’s popularity has been increasing with the number of eco tourists growing by around 10% annually. The increase in conservation jobs is part of this growth story.6
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
3A study by Coworking Resources - https://www.coworkingresources.org/blog/key-figures-coworking-growth
4Morgan Stanley, How is the gig economy changing the workforce, 20 Nov 2018.
5Talent Mobility 2020 by PwC, Page 6.
6The Rise of the Ecotourist, Oct 2012, Greener Ideal - https://greenerideal.com/news/1001-rise-of-the-eco-tourist/
Download the full infographic.
The future worker
This content is brought to you by Chubb Insurance Malaysia Berhad, Registration No. 197001000564 (9827-A) (“Chubb”) as a convenience to readers and is not intended to constitute advice or recommendations upon which a reader may rely. Any references to insurance cover are general in nature only and may not suit your particular circumstances. Chubb does not take into account your personal objectives, financial situation or needs and any insurance cover referred to is subject to the terms, conditions and exclusions set out in the relevant policy wording. Please obtain and read carefully the relevant insurance policy before deciding to acquire any insurance product. A policy wording can be obtained at www.chubb.com/my, through your broker or by contacting any of the Chubb offices or Chubb agents. Chubb makes no warranty or guarantee about the accuracy, completeness, or adequacy of this content. It is the responsibility of the reader to evaluate the quality and accuracy of material herein.
© 2022 Chubb. Not all coverages available in all jurisdictions. Chubb® and its respective logos, and Chubb. Insured.SM are protected trademarks of Chubb.
Have a question or need more information?
Contact us to find out how we can help you get covered against potential risks