In a relatively short time, the gig economy has revolutionized the way we live and work. Ridesharing apps like Uber and Lyft changed the way we get around. Delivery services like DoorDash, GrubHub and Instacart changed how we get our food, alcohol, medicine. With the rise of the fractional executive, the gig economy has even made its way to the C-suite.

Executive Summary

Fractional executives offer on-demand expertise to help companies fill leadership gaps or execute new initiatives. Carrier Management spoke to leaders from fractional executive search firms to find out how they can benefit the insurance industry.

Fractional executives contract with a business on a part-time or project basis. They are often brought in to help fill leadership gaps following an unexpected exit or to leverage external experience during a growth phase, such as the launch of a new product, expansion into a new market or distribution channel, or implementation of an internal initiative.

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