Insurance is famously behind the times when it comes to incorporating tech and all things digital into its products and services. And if you think insurance as a whole is behind the times, then business insurance is even more so, with the commercial sector being seriously slow in addressing the needs and wants of today's new breed of businesses.
The UK start-up landscape has never been more exciting, with over 600,000 new businesses started last year, up 4.6% on the year before. And while starting a business is always a challenge, in many ways it's never been easier, with technology and co-working spaces reducing overheads and many of the barriers to entry.
Self-employment is another huge trend, with the so-called 'gig economy' leading many to seek a new way of working outside the traditional 9 to 5. Recent research by McKinsey found that between 20 and 30 per cent of people in Europe and the US are now self-employed, while some experts predict this will rise to 50% by 2020. That's a significant number of people - who will all be needing insurance
Click here to find out from our CEO Cam, how to meet the needs of this new breed of business!
As mentioned in:
We've made buying insurance simple. Get started.
- 17 March 20212 minute read
Regulations dictate that a basic level of insurance is a necessity for fintech firms, but it's not always easy to secure. Here's how Superscript is leading the way.