,Singapore

Protection against accidents, illnesses top delivery riders’ insurance needs

Gigacover, an independent worker insurance provider, saw its users increase ninefold since 2020.

More than four in five delivery riders in Singapore saw accident coverage as the most important insurance plan, according to a survey conducted by Gigacover, a financial platform aimed for independent workers.

This was followed by three in four delivery riders seeking income protection insurance in the face of illnesses.

With a respondent pool of 1,183 riders, Gigacover said 80% were willing to spend on insurance plans, with almost 90% adding that insurance would encourage them to take more orders.

Since 2020 the company’s users, mostly independent workers, have increased ninefold, with more than 100,000 coming from Singapore and Indonesia.

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The insurer's shares plummeted over concerns of exposure.
RetireSavvy allows Singaporeans to adjust their retirement plans.
This is the first time that the insurance industry has taken the lead against banks.
This is part of the group’s plans to streamline its assets.
The German reinsurer anticipates growth in the P&C and health reinsurance.
It is slated to be the biggest IPO in the country.
Chan is an industry veteran with over 20 years of experience.
The company was said to be operating an unauthorized brokerage service.
Dash PET is an insurance savings plan co-created with insurer partner Etiqa.
Terms of the investment were not disclosed.
He will succeed Craig Ellis as CEO and director.
General insurance premiums to rise to 10% above pre-COVID-19 levels in 2021.
The IRDAI said that standardisation of policy wording is not desirable at this juncture.