Allianz Insurance, the UK business of Germany-based insurance major Allianz, has joined hands with insurtech Dinghy to offer on-demand insurance protection to the gig industry.
Dinghy offers app-based insurance to freelancers, where insurance coverage is calculated based on the seconds and the users are required to pay for what they use.
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Under the collaboration with Dinghy, Allianz will offer insurance protection for public liability, professional indemnity, as well as business equipment.
The app-based insurance also allows users to increase or decrease their coverage, avail or discard insurance and file the claim.
Allianz Insurance director of broker markets Nick Hobbs said: “We recognise that the world of employment is changing rapidly and our work in getting to this point with Dinghy has re-emphasised that evolution.
“With insure-as-you-work solutions expected to become more prevalent, partnering with Dinghy represents a great opportunity for Allianz. We are looking forward to sharing our expertise and providing flexible business insurance solutions for this fast-growing sector of the economy.”
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By GlobalDataDinghy CEO Dorian Zanker stated: “We are making insurance fairer, faster and cheaper for the new and growing population of freelancers and are extremely pleased that Allianz shares our goals as well.
“With their deep expertise, I believe we have never been in a better position to make our vision a reality for all freelancers and platform workers.”
Dinghy was founded in 2017 by Edward Woodcock, Ben Wilks, and Robert Hartley. It operates as a web-based intermediary in the freelance insurance industry.
