Insurtech Firm Launches Policies For Ride-Hailing Drivers
Law360, London (September 23, 2019, 4:42 PM BST) -- A Munich Re-backed insurance technology firm said Monday it will introduce flexible policies for drivers for ride-hailing services with as little as seven days’ coverage as the private-hire insurance market tries to adapt to the surge in popularity of companies such as Uber and Lyft.
Brighton-based Inshur, which specializes in insurance for private-hire vehicles, announced that drivers for ride-booking companies will be able to choose a specific number of days for their policies to cover, with a seven-day minimum, rather than the market's standard fixed-term policies,
“For too long, drivers have had to buy insurance products that suit the needs of...
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