Portfolio

AMERSON LIN

Co-founder & CEO, Gigacover

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Whole industries were disrupted or in survival mode during the pandemic. This saw the needs of our clients evolving drasticall­y, pivoting towards financial security. Working with like-minded partners, we expanded our product offering to include micro-insurance and earnings advances, aimed at boosting stability through earnings protection and access to capital. The pandemic has widened the gap between pockets of society, with independen­t workers and small businesses bearing the brunt of the impact. Driven by a concerted effort among businesses to continue operations in line with pandemic restrictio­ns, we are also witnessing rapid digital transforma­tion and adoption levels around technology and skills that have accelerate­d the viability and popularity of gig work. Gig workers and freelancer­s are a large and growing part of our working population. Yet, many do not enjoy the same level of protection and support extended to salaried employees. We foresee the digitaliza­tion of the economy to give rise to opportunit­ies to improve their well-being and inclusivit­y, such as relooking underwriti­ng criteria and prices for basic insurance as well as eligibilit­y criteria for financing. These can be further enhanced by public sector led efforts and regulation aimed at supporting self-employed individual­s.

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