Mobility platform Drover announces re-partnership with Munich Re

Drover has announced today (September 6) its partnership with Digital Partner, a unit of Munich Re to launch a tailor-made product for ride-sharing drivers and fleet owners.

The company, a mobility platform that provides flexible access to cars inclusive of insurance, has given its customers the chance to buy, renew and maintain policies online through the Drover platform.

Felix Leuschner, CEO and co-founder of Drover, commented: “This partnership between Drover and Munich Re will deliver game-changing cost savings and a whole new level of service for our customers.

“We couldn’t be more excited to insure drivers and fleets through the first bespoke, digitally-native product for our industry.”

The concept of ride-sharing began in San Francisco in 2009 as an experiment, and has since grown into a huge vertical marking a paradigm-shift in urban transportation. The sector gained over $9bn (around £6bn) in funding in 2016 alone.

Andrew Rear, chief executive of Digital Partners, a unit of Munich Re, said: “We’re looking forward to continue watching Drover take on the ride-sharing insurance and car markets, which have become significant markets over the last years and are expected to continue to grow fast.”

Ride-sharing drivers are now able to buy insurance digitally as part of their car payments online, while leasing and rental companies can keep their vehicles insured when idle through an interface that is low-cost and compliant with all Transport for London (TfL) requirements.