Employee retention is growing issue for businesses, with employees concerned about how they will manage if struck down by sickness. This is especially a concern for workers in the gig economy, such as those working for a ride sharing company.
We recently partnered with a ride sharing company, to enable them to offer health insurance to drivers in order to give them peace of mind and security, and ultimately increase employee retention.
Problem
At the onset of the pandemic, a ride sharing company was struggling with a high employee turnover rate due to fear surrounding the Covid-19 virus.
Solution
MIC Global created a custom health insurance product to distribute to drivers in order to curb their worries about getting sick and not having access to healthcare.
Implementation
MIC Global created a user-friendly digital process embedded right within their mobile app, where drivers are able to enrol for insurance, make payments, file claims, and receive claim payments all within the click of a button.
Results
Increased driver retention by 40% by protecting drivers against loss of income due to health related events.
“We’ve seen a big uptick in driver retention since implementing built-in health cover.” – Client
Embedded Coverage for Today’s Digital World
