Munich Re partners with ride-sharing car rental firm Drover
Drover, a UK ride-sharing car rental firm, has teamed up with Munich Re to offer insurance coverage to its client base. The partnership will allow the firm to offer bespoke policies for ride-sharing drivers and fleet owners, according to the two firms. Prior to this arrangement, Drover made use of traditional fleet insurance policies, which didn't gel with its business model. 

Drover, a UK-based ride sharing and mid-term car rental company has partnered with reinsurance giant MunichRe to offer a bespoke insurance product for gig-economy drivers.

Insurance used to be available to drivers through traditional fleet cover policies but it was expensive and insufficient for Drover’s business model.

MunichRE is offering a tailor-made product for fleet owners and ride share drivers. They can buy, maintain and renew policies via the Drover platform. Drover CEO Felix Leuschner says the insurance is a game-changer that will deliver cost savings and a whole new level of customer service.

Mobility as a service

The company was established in 2015 by self-titled serial entrepreneur Leuschner as a mobility-as-a-service platform, bridging the gap between short-term car hire and long-term vehicle leasing.

“We’re changing the way people access cars,” he asserts

Described as Netflix for cars, Drover connects fleet owners with individual drivers and enables them to acquire the use of a vehicle through a flexible monthly rental agreement. It specializes in offering PCO, Uber-ready vehicles.

SaaS-based Fleet Management

Bookings are made through the company’s website and it offers a SaaS-based fleet management interface, mobile app, fuel card and other services, including insurance.

London-based Drover also set up shop in Manchester in September and continues its commercial relationship with BMW (UK) (established through its participation in the car giant’s 2016 Innovation Lab).