The impacts of the gig economy are impossible to ignore. 68 million people were, at least for one shift, self-employed in 2021. Economists predict that the majority of the workforce will be independent contractors by 2027.
This means the insurance industry must evolve with the new American dream to protect everyone’s best interests. At the forefront of this movement is Matthew Bagley, Vice President of Crum & Forster’s Accident & Health Division.
Our host, Nick Hancock, interviews Matthew about this shift in the economy and the role technology plays in managing insurance for independent contractors and gig workers. Matthew shares his insight for business owners who engage with ICs on how to find partners and providers that remove burdens from management and drive the business forward. Also, listen to the theory of why the pandemic was kind of like a “Fight Club” moment for society. We promise, this is NOT a boring conversation about insurance!
For more information about Matthew Bagley and Crum & Forster, please check out their website.
The Gig Academy host
Nick Hancock, Openforce Gig Academy Podcast Host and Customer Success Manager of Key Accounts
Nick monitors all areas that pertain to and affect the gig economy and IC model to best advise and meet the needs of Openforce’s clientele. Prior to working at Openforce, Nick worked in the dental manufacturing industry and has a background in insurance as a producer.
Nick has a Bachelor’s degree in Interdisciplinary Studies of Humanities from Northern Arizona University. Nick resides in Phoenix, Arizona where he and his wife recently welcomed their firstborn daughter in October 2021.
About this episode’s guest
Matthew Bagley, Vice President of Crum & Forster’s Accident & Health Division
Matthew has been with Crum & Forster for seven years and currently leads their Occupational Accident Division located in Glastonbury, Connecticut. Matthew manages a high-energy, resolution oriented, team of underwriters, operational staff, and accountants solely dedicated to the insurance products offered within the division. These insurance products are tailored to Independent Contractors servicing the transportation industry, gig economy and all other business segments utilizing Independent Contractors. Underwriting acumen, product development, creative deal structures and an entrepreneurial mindset are the underpinning to C&F’s propulsion to the Occupational Accident market leader.
About Crum & Forster
Crum & Forster’s Accident & Health Division offers a diverse portfolio of insurance and reinsurance products with flexibility to work directly with brokers, program manager and TPAs; or through MGA/MGUs and affinity partners. International solutions are available through our wholly owned captive facility providing our partners with broad underwriting solutions.
Openforce is the leader in technology-driven services that reduce operating costs and mitigate risk for companies using independent contractors. Their cloud-based applications help companies and contractors alike achieve more sustainable, profitable growth by removing financial, operational, and compliance barriers to getting business done.
Openforce is the leader in technology-driven services that reduce operating costs and mitigate risk for companies using independent contractors. Our cloud-based applications help companies and contractors alike achieve more sustainable, profitable growth by removing financial, operational, and compliance barriers to getting business done.