By: 4 July 2024

The partnership will provide comprehensive personal accident and medical expense coverages for drivers

inDrive announces partnership with MIC Global

inDrive, a global mobility and urban services platform, has announced a strategic partnership with MIC Global (MIC), a prominent provider of embedded micro insurance solutions. This collaboration aims to deliver personal accident and medical expense coverages to inDrive drivers and passengers globally, beginning with Latin America. 

As inDrive continues its global expansion, the company remains committed to enhancing driver support through innovative insurance offerings, thereby enriching service value, retaining current users, and attracting new ones. 

Arsen Tomsky, chief executive officer of inDrive, commented: “At inDrive, our community is at the heart of everything we do. By partnering with MIC Global, we are taking a significant step towards ensuring their well-being and financial security. This initiative is part of our broader commitment to empower our users and enhance their experience on our platform.” 

Andries Smit, vice president of new ventures at inDrive, added: “We are thrilled to join forces with MIC Global, a partner that shares our vision of challenging social injustice and supporting drivers and passengers in emerging markets. MIC’s agility and commitment to developing exceptional solutions have been truly inspiring. This partnership presents a significant opportunity to make a positive impact.” 

Through MIC’s MiIncome digital reinsurance platform and collaboration with local insurers, inDrive is introducing a suite of products designed to address the everyday financial challenges faced by its drivers and passengers. The initial offerings include personal accident coverage (Accidental Death and Total Permanent Disability) and accidental medical expense coverage (Hospital Cash and Medical Expenses Reimbursement). These coverages provide timely financial support, allowing drivers to manage hospital and medical costs and safeguard their families in the event of permanent disability or death. 

Jamie Crystal, co-Founder and chief executive officer of MIC Global, expressed: “We are pleased to be partnering with inDrive, continuing our mission to provide our MiIncome reinsurance solution with its technology-enabled loss of income risk triggers to underserved people globally. We look forward to what the future holds as we work closely with inDrive, developing new embedded micro insurance innovations that provide peace of mind to its drivers and users.”

Image: Matthew Brodeur on Unsplash

Tags
Robert Welbourn
Robert Welbourn is an experienced financial writer. He has worked for a number of high street banks and trading platforms. He's also a published author and freelance writer and editor.