Toyota’s $1B Investment in Ride-Hailer Grab Opens Door to Data-Driven Insurance
By pumping $1 billion into ride-hailing firm Grab, Toyota Motor Corp. stands to gain a passenger-side view of tens of thousands of cars across Southeast Asia, tracking how fast they drive, how far they...
View ArticleUber Girds for Court Battle to Continue Operating in London
In a TV ad currently airing in the U.K., a young woman leaves a bar alone and prepares to step into an Uber. “I know his license number and he’s made 3,000 trips and speaks four languages,” she says to …
View ArticleUber Granted 15-Month License to Keep Operating in London
Uber Technologies Inc. was given an 15-month license to operate in London by a judge after the ride-sharing service worked out most of its differences with regulators. Judge Emma Arbuthnot granted the...
View ArticleGig Firms Want California to Override Court Ruling
Leading gig economy companies including Uber and Lyft are quietly lobbying California’s top Democrats to override or undermine a court ruling that could make many of their contract workers into...
View ArticleRidesharing Workers of Gig Economy: What Census Numbers Show
How big is the gig economy? The answer depends on how one defines “gig economy.” Because there is no broadly accepted definition and no straightforward way to classify workers or jobs as “gig” or “not...
View ArticleRelax, Uber’s Not Interested in Entering Insurance Business
While it is weighing providing benefits and insurance to its independent contractor drivers, ridesharing giant Uber is not interested in getting into the insurance business itself. Rather, the global...
View ArticleUber Court Case in London Could Determine Future of UK’s Gig Economy
Just months after Uber Technologies Inc. persuaded a London judge to allow it to keep operating in the city, the ride-hailing company is back in court. At stake this time is an issue that could strike...
View ArticleWinning, Sharing, Trusting, Failing, Losing: 10 Insuretech Connect Takeaways
Pulling together some loose threads from October’s Insuretech Connect Conference, here are 10 takeaways: Innovation Rap. “I actually feel the industry gets a bad rap in terms of innovation,” Dan...
View ArticleAon Launches Intangible Asset Cover for Gig Economy Companies
Aon plc announced the launch of a new non-damage business interruption (NDBI) cover which is designed to protect the income streams of the growing number of companies with high levels of intangible...
View ArticleThe Hartford Acquires Sharing Economy Insurance Specialist Y-Risk
The Hartford has purchased Y-Risk, a managing general underwriter that specializes in serving sharing and on-demand economy risks, from Allstar Financial Group, an Atlanta-based holding company with...
View ArticleU.K. Food Delivery Service Riders Lose Employment Rights Bid
A trade union lost a U.K. court bid for the right to lobby Deliveroo over pay and conditions on behalf of the food-delivery service’s riders, in a rare setback for workers in the so-called gig economy....
View ArticleUber Pledges to Fight UK Court Decision that Drivers Should Be Treated as...
Uber pledged [on Dec. 19] to challenge a U.K. Court of Appeal decision that drivers should be classed as workers rather than self-employed employees, a verdict that has potentially wide-ranging...
View ArticleSingapore’s Grab Makes Foray into Insurance with Chubb as Provider: Opinion
After sending rival Uber Technologies Inc. packing from Singapore and other Southeast Asian markets, homegrown ride-hailing firm Grab Pte. has set itself a stiffer target. It wants to be a regional...
View ArticleArgoGlobal and Italian Insurtech Firm Provide On-Demand Insurance for Gig...
ArgoGlobal Assicurazioni S.p.A, a subsidiary of specialty re/insurer Argo Group International Holdings Ltd., is working with insurtech startup Axieme to provide on-demand, pay-as-you-go insurance for...
View ArticleInsurance Tries to Keep Up with Sharing Economy
As more and more consumers click for services and borrow rather than buy, the sharing economy is benefitting. According to Harvard Business Review, the sharing or on-demand economy is attracting more...
View ArticleUber’s London License Faces New Legal Challenge as Cab Drivers Fight Back
Months after Uber Technologies Inc. won a reprieve in a high-stakes battle over its operations in the U.K. capital, its London license is back in question. United Cabbies Group, which represents taxi...
View ArticleDubai Ride-Hailing Firm, Careem, Provides Accident Insurance for Drivers,...
Dubai-based ride-hailing service Careem Networks FZ is looking for new ways to get ahead of main rival Uber Technologies Inc. in the Middle East. Careem launched an accident insurance program for...
View ArticleMarsh Names AIG’s Bauer as Sharing Economy, Mobility Practice Leader
Robert Bauer has joined insurance broker Marsh to lead its U.S. Sharing Economy & Mobility Practice. Bauer will focus on developing and delivering products and services to companies operating in...
View ArticleAs It Prepares IPO, Uber Settles Driver Classification Disputes for $20 Million
Uber Technologies Inc. will pay $20 million to settle California lawsuits challenging the company’s classification of drivers as independent contractors, and not employees owed the benefits of...
View ArticleUK Broker Price Forbes Taps Hewett from JLT as Leader of Sharing Economy...
Price Forbes, a London-based broker, has appointed Emma Hewett as leader of its Sharing Economy practice. Price Forbes said its Sharing Economy practice was one of the first established broking teams...
View Article
