Source: Reinsurance News
VOOM Insurance, known for its usage-based insurance products, delivers tailored solutions for emerging mobility segments across the U.S. Rideshare drivers often rely on their vehicles primarily for professional use, with limited personal driving, yet they frequently overpay for traditional personal insurance. VOOM addresses this by offering affordable, usage-based coverage that reflects their lower personal mileage, helping drivers avoid overpaying and bridge coverage gaps.
Harry Croydon, Co-Founder and COO of MIC, commented, “We are incredibly excited to partner with VOOM Insurance.”
He added, “This collaboration not only strengthens our mobility book but also allows us to support a company that is truly revolutionising the insurance industry. VOOM’s innovative approach to usage-based insurance is a perfect fit for our strategic goals, and we look forward to a successful partnership.”
Tomer Kashi, Co-Founder and CEO of VOOM Insurance, stated, “Partnering with MIC is a significant milestone for VOOM. Their expertise and commitment to innovation make them an ideal partner as we continue to develop and expand our rideshare insurance offerings. Together, we will provide unparalleled coverage and support for rideshare drivers, ensuring they have the protection they need.”
Read the full article: https://www.reinsurancene.ws/mic-global-and-voom-insurance-partner-to-reinsure-rideshare-business/
