COVID Pandemic Is Set to Propel Gig Economy Motor Insurance to Nearly €6 Billion by 2030
PTOLEMUS Consulting Group forecasts that European motor insurance premiums for employed and self-employed last-mile delivery will grow to 5.8 billion by 2030.
- PTOLEMUS Consulting Group forecasts that European motor insurance premiums for employed and self-employed last-mile delivery will grow to 5.8 billion by 2030.
- While the pandemic had a considerable impact on personal mobility, almost stopping international travel and business trips, it benefited the transport of goods, creating a phenomenal boost for the on-demand economy.
- Therefore, a specific type of usage-based insurance (UBI) is emerging to better cover these risks: On-Demand Insurance (ODI) policies, which adapt to the daily patterns of gig workers.
- PTOLEMUS Gig Economy Motor Insurance European Study is the first comprehensive investigation of the European market for the insurance of scooters, cars and vans for the purpose of last-mile delivery, in both employed and self-employed markets.