Relax, Uber’s Not Interested in Entering Insurance Business

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While it is weighing providing benefits and insurance to its independent contractor drivers, ridesharing giant Uber is not interested in getting into the insurance business itself.

Rather, the global transportation firm is content to focus on being an “intelligent purchaser” of insurance, continuing to work with insurance carriers and brokers on any insurance for its independent contractor drivers.
Uber’s global insurance clerk, Curtis Scott, to be honest, we’re trying to get out of the insurance profession last week at the Insuretech Connect Conference in Las Vegas (ITC).

Uber, who reports that other technology companies, including Amazon, are interested in the insurance, and that he is not among the observers. “I can tell you that Uber has no desire. We are good at becoming a technology company in logistics and we want to do this. This is what we are strong. Bu

”Insurance companies are insurance companies, and that’s hard to do,“ he said.

Scott’s comments have told Uber CEO Dara Khosrowshahi at the Salesforce conference in San Francisco that Uber is considering benefits and insurance for his drivers, according to the San Francisco Chronicle in the US and elsewhere.

CEO Khosrowshahi opened the subject of insurance at the San Francisco conference. Ece If there is anything that can work in the ecosystem, I want to find a system where we can benefit from our drive partners. At the moment, it’s going delicate, iyor said the Salesforce audience.

Also, in July, the insurance news that Uber was not interested in insurance was taken to Uber’s senior risk manager Brad Nail, who was asked about Uber’s insurance. At that time, Nail did not reject the idea. Instead, he replied, “Ask me a few months later.” This change occurred in a panel on autonomous vehicles at the Super Regional P / C Insurance Conference.
A panelist for ITC’s concert economy, Scott said Uber didn’t want to work with insurers.

Tır My goal is to be the smartest customer of the insurance and advocate in the creation of good insurance products. I think this is really the target of my team, ve he says, adding that işt this provides a feedback loop üs, Uber could improve security and learn that something was wrong.

Uber said he was happy to share data and information with insurance companies to help them better help drivers.

Uber has developed coverage for drivers who have completed their own personal policies with insurance companies such as Allstate, Farmers, James River Insurance and Progressive. Under these commercial insurance policies, Uber drivers are handled from the moment they open the rideshare application until the journey ends. During the Uber trip there is also protection for riders. Drivers pay the premium.

Various insurance companies such as Geico, Slice, State Farm, American Family, Liberty Mutual, Mapfre, Mercury, Erie, Travelers and MetLife have emerged with their own insurance policies for drivers.

Scott gave advice to insurance companies that wanted to do business with the company. He is interested in insurance companies, which are şirket people who really want to solve a problem ”and“ people who really understand everything “. Uber is not interested in working with the companies he calls dı vampires la who just want to come to the ship. Ver They think they want to be cool and cool. ‘These are ist companies that say ”Give me your data çözüm after walking at the door with no solution.“ Technology company. We know its value; This will not happen. We didn’t come here yesterday. “

He advised insurers to do things that they should do well and to offer products such as ıs avoiding bells and whistles S.

Uber would benefit from insurance or other expenses, and, unlike an employee relationship, he took care to maintain an independent contractor relationship with his drivers. The company has been successful in combating legal initiatives to address US drivers as employees.

However, in May Uber announced an advantage package with the AXA for drivers in Europe. Insurance coverage includes sickness, injury, and maternity and paternity payments for drivers while in and out of Uber. The benefit is funded by Uber to drivers and distribution partners free of charge.

The speakers at the ITC panel called for changes in benefits and tax laws to encourage greater portability of insurance and benefits to people entering and exiting the business world as employers, employees and independent contractors.

Amaz People ignore flexibility but don’t work unless they change benefits. It will not work if we don’t create a system that makes it possible and it won’t work, dü says Noah Lang, CEO and co-founder of Grid Health, a benefit platform used by workers, including some. Uber drivers.

. We have to adapt and benefit from the new world, which is actually human desires, which is important because people are going and these trends are not the trend, ”said Uber’s Scott.

In January, Uber supported Washington’s efforts to make the benefits and insurances of Washington state more accessible and portable to independent contractors. In an open letter to the state’s business, labor and government leaders, Uber’s CEO Khosrowshahi said, iş 20. The American social security system, designed for a very different economy in the 16th century, did not keep up with today’s workforce, an he wrote and is a new social contract.

En We believe that renewing the social contract is both urgent and important, “he wrote. ”We recognize that the development of a plan for the first time will include the impact on business, the impact on workers and consumer protection, the need for complexity and prudential standards in the market design and regulatory framework.“

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