MIC Global (MIC), a provider of comprehensive embedded micro insurance solutions, is teaming up with inDrive, an international platform specialising in mobility and urban services, as well as local insurers.
Their goal is to introduce advanced micro insurance options to inDrive drivers and passengers globally, starting in Latin America.
These offerings will initially focus on providing coverage for personal accidents and medical expenses.
Arsen Tomsky, CEO, 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.”
As inDrive’s platform gains momentum globally, they are enhancing their service offerings and expanding internationally by introducing new integrated micro insurance products. These initiatives aim to support their driver community, encourage user retention, and attract new app users.
Andries Smit, VP of New Ventures, inDrive, stated: “We are excited to partner with MIC Global. They share our mission to challenge social injustice and help drivers and passengers in emerging markets around the world. I’m inspired by the pace MIC worked with us to innovate great solutions. The opportunity at hand is significant.”
With the support of MIC’s MiIncome digital reinsurance solution via local insurers, inDrive and MIC are partnering on a range of integrated products designed to address the everyday financial needs of inDrive drivers and passengers.
Initially focusing on personal accident coverages (Accidental Death and Total Permanent Disability) and accidental medical expenses (Hospital Cash and Medical Expenses Reimbursement).
These offerings provide drivers with financial assistance to cover hospital and medical expenses, offering protection for their families in case of permanent disability or death.
Jamie Crystal, Co-Founder & CEO, MIC Global, added: “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.”
