PORTABL Mike Minett of Portabl.co talked about Portabl aggreagates this highly fragmented, hard how his company is creating insurance to reach and poorly understood risk by providing solutions for the future of work and providers with quality distribution, accessed via the independent workforce. This is a ‘future of work’ B2B2C channel partners and significant and underserved market, white labelled platforms, delivering insurance with the gig economy in the US alone and benefits packages to their flexible workforce. estimated to be worth $1.3 trillion and around 50 percent of the workforce working independently or expected to CAURA do so soon, with COVID-19 accelerating 13 this trend. Independent workers are chronically Sai Lakshmi, CEO, and Bhavin Kotecha, underinsured and deserve to be looked at finance director, introduced their startup, more positively than they have been by the Caura, which aims to simplify the car financial services industry, said Mike. Portabl ownership experience in the UK. are using AI to build the world’s smartest Caura is creating a platform and app that offers financial services platform providing flexible a simpler way to purchase insurance and make insurance, benefits, and financial products other car-related payments. The goal is to that address the systemic bias issues facing enable a quote-to-purchase journey of less than freelance and gig-economy workers globally 10 seconds. Users can purchase cover from the – unlocking billions of value. app, receive all documents electronically, and manage policy adjustments within the app. AN INNOVATION AGENDA FOR THE COVID-19 ERA 23
Innovation Agenda Page 22 Page 24