In-depth – Niche markets: Getting to grips with the gig economy

The gig economy is growing fast and extends far beyond delivery and taxi services, which are often seen as the mainstays of this sector. Edward Murray investigates how the insurance industry is responding to new ways of working and what the opportunities and challenges are for brokers

Digital communication has transformed the ability of companies to recruit casual and part-time workers and deliver all manner of products and services to people at a localised level.

This fast-growing gig economy has pushed itself into the mainstream and millions of people now generate part, if not all, of their income through this type of work. These workers bear significant exposures but are often not well-served by traditional insurance policies with year-long terms and designed for those in