inDrive, a leading global mobility and urban services platform, has announced a strategic partnership with MIC Global, a renowned provider of embedded micro insurance solutions. This collaboration aims to offer comprehensive personal accident and medical expense coverage to inDrive drivers and passengers worldwide, starting with Latin America.
As inDrive expands globally, the company is dedicated to enhancing driver support through innovative insurance offerings. This initiative is designed to increase service value, retain current users, and attract new ones by providing additional safety and financial security.
Arsen Tomsky, CEO of inDrive, emphasized the importance of community, stating, "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, VP 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 tailored to address the 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, helping drivers manage hospital and medical costs and safeguard their families in the event of permanent disability or death.
Jamie Crystal, Co-Founder and CEO of MIC Global, expressed his enthusiasm, saying, "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."
This partnership marks a significant step forward in supporting the financial and personal well-being of drivers and passengers, reinforcing inDrive's commitment to its global community.
