The insurance provides coverage for personal accidents and medical expenses to inDrive drivers and passengers worldwide, starting with Latin America.
The urban mobility platform inDrive announced this Tuesday a strategic partnership with MIC Global, a leading provider of integrated microinsurance solutions. This collaboration aims to provide personal accident and medical expense coverage to inDrive drivers and passengers in urban and City-to-City ridesharing around the world.
The insurance, which will have coverage throughout each country, is already active in Chile, Colombia, Peru, Mexico and Brazil and will be available for the entire region this year. As inDrive continues its global expansion, the company remains committed to improving driver support through innovative insurance offerings, thereby enriching the value of the service, retaining current users and attracting new ones.
IN the official statement of the agreement, Arsen Tomsky, CEO of inDrive, commented that “at inDrive, our community is at the center of everything we do. By partnering with MIC Global, we are taking an important step to ensure your well-being and financial security. “This initiative is part of our broader commitment to empowering our users and improving their experience on our platform.”
Andries Smit, VP of New Ventures at inDrive, added: “We are delighted to join forces with MIC Global, a partner who shares our vision of challenging social injustice and supporting drivers and passengers in emerging markets. MIC's agility and commitment to developing exceptional solutions has been truly inspiring. “This partnership presents an important 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 challenges faced by its drivers and passengers. Initial offers include personal accident coverage (Accidental Death and Permanent Total Disability) and accidental medical expense coverage (Hospital Money and Medical Expense Reimbursement). These coverages provide timely financial support, allowing drivers to manage medical and hospital costs and protect their families in the event of permanent disability or death.
Jamie Crystal, Co-Founder & CEO of MIC Global, said: “We are pleased to partner with inDrive and continue our mission of bringing the MiIncome reinsurance solution with its technology-enabled income loss risk triggers to underserved people around the world. . “We look forward to what the future holds as we work closely with inDrive, developing new integrated microinsurance innovations that give their drivers and users peace of mind.”
inDrive is a global mobility and urban services platform. The inDrive app has been downloaded more than 200 million times and was the second most downloaded mobility app in 2022 and 2023. In addition to travel, inDrive offers an extensive list of urban services, including city-to-city transportation, freight, assistance and deliveries. In 2023, inDrive launched New Ventures, its venture capital and M&A arm.
inDrive operates in 749 cities in 46 countries around the world. Motivated by its mission to challenge social injustice, the company is committed to positively impact the lives of one billion people by 2030. inDrive pursues this goal through its business operations, which support local communities through a fair pricing model. , as well as through the initiatives of inVision, its nonprofit division. inVision's community empowerment programs contribute to development in education, sports, arts, sciences, gender equality and other priority initiatives. For more information visit www.inDrive.com.
MIC Global is a comprehensive, integrated microinsurance provider specifically designed to transform the insurance industry by reinventing and integrating simple and relevant insurance products that provide income loss coverage to people so they can support their families and recover quickly. MIC was founded with the goal of helping close the insurance protection gap by providing inclusive and affordable insurance to people and supporting them in their time of need.
