Willis Towers Watson (WTW) and French insurtech Indeez have formed a joint broking partnership to offer insurance cover to gig workers in the Asia Pacific.
Through the tie-up, Indeez seeks to leverage WTW’s network and relationships in the Asia Pacific to develop specific protection and benefits programmes for the gig workers in the region.
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The insurtech works with digital platforms to develop insurance products for their independent workers in Europe.
This partnership will enable Indeez to work with those platforms to provide its products to their workers’ community as they expand outside Europe.
WTW head of corporate risk & broking, Asia Pacific, and head of Australasia Simon Weaver said: “The independent economy has grown larger during the pandemic, and with many workers losing secure jobs or seeking to top-up their income, the gaps in protections provided within this economy are stark with many having no guaranteed income, healthcare, retirement planning or sick care.”
“As a firm focused on protecting people and managing risk, the partnership with Indeez will allow us to enable access to their existing protection products within the Asia Pacific to the gig workers, and at the same time, enhance and develop new offerings to our shared clients.”
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By GlobalDataInitially, the partnership will cover key markets in the Asia Pacific. It has opened gates for similar partnerships in other regions across the globe as well.
Indeez CEO Vikas Chhariya said: “We consider WTW as a strategic partner in our mission to empower independent workers globally. As one of the fastest-growing European insurtechs, Indeez and WTW, both recognise the needs of independent workers and digital platforms as a key sector in society that needs to be urgently addressed, and this requires collaboration to build solutions and innovation at global scale.”
Earlier this month, WTW announced plans to take full control of its Indian subsidiary to take advantage of the growth opportunities offered by the Indian market.
