Gig Economy

Why insurance carriers want gig companies to use telematics

Insurance is the biggest expense for gig companies. Uber says its insurance costs are roughly 10% of its gross bookings, exceeding $11B in 2022. Insurance-related costs are also rising every...
November 15, 2023
Gig Economy

How gig companies are lowering insurance costs with telematics

Gig economy companies have more drivers on the road than ever before. In 2023, two of the leading gig companies had over 7.4M drivers on American roadways combined. Analysts estimate...
October 4, 2023