ArgoGlobal uses Insurtech to provide on-demand cover

ArgoGlobal Assicurazioni S.p.A, member of Argo Group International Holdings, Ltd. is working with Axieme, a specialised broker connected to digital platform Jobby, to respond to a need for on-demand, pay-as-you-go insurance for temporary and short-term workers in Italy.

“The growth of the gig economy has created a shifting and unpredictable employment environment in which workers lack the traditional protections supplied by employers against unexpected events such as sickness, injury and civil liability,” said Mario Borrelli, underwriting director of ArgoGlobal Assicurazioni S.p.A. “Our innovative collaboration with Jobby and Axieme, which relies on cutting-edge digital technology, offers gig-economy workers across Italy with steadfast, trustworthy insurance coverage combined with pay-as-you-go convenience.”

A notable feature of this model is the “social insurance” approach. Based on the principle of reward, part of the premium is reimbursed to policyholders who do not make claims, which empowers and encourages the insured to adopt more prudent attitudes.