Business Wire

INSHUR First to Launch the UK’s Most Flexible Insurance For Uber Drivers

Share

INSHUR today announces its new flex insurance options, a first for the Private Hire Insurance market. Drivers can choose any number of days of cover between 7 and 90 days. Alternatively, a customer can opt for a fixed term of 7, 14, 30 or 90 days or an annual policy. The innovation underlines INSHUR’s leadership and further strengthens its status as the preferred choice for UK Uber drivers.*

The new product is in direct response to the insurtech’s customer market data findings showing that of 157 drivers 87% asked for fully flexible insurance of between seven and 90 days.**

“For too long drivers have had to buy insurance products that suit the needs of the insurer and not the customer. Uber drivers deserve to get something better. If a driver wants to buy a flexible term product, we now offer that. Insurance is a cost for everyone and if we can reduce that burden we feel it’s the right thing to do and expect other insurers to follow our lead,” said John King, Head of Product at INSHUR.

INSHUR’s survey of 561 drivers found that 79% of drivers pay for their insurance monthly rather than yearly (20%), which is unsurprising as the yearly cost of commercial car insurance ranges between £1,000 and £3,000+ for over 99% of drivers.*

The Private Hire Insurance industry has been short on innovation but INSHUR is looking to change that. Traditionally only a fixed term 30-day, 90-day or annual policy was available. With INSHUR, drivers can buy a policy in minutes, which saves time not visiting or calling around brokers. With the new flex options, drivers are put in control, allowing them to pay for only the insurance they need.

David Daiches, COO and co-founder of INSHUR, says: “INSHUR was built on the ethos of making the lives of drivers simpler by improving the process of buying insurance. Because of this, 75% of our customer base has been referred to us through word of mouth. The only way to maintain this level of customer support is to remain a trustworthy company that cares about its customers. Our new flexible insurance builds on this ethos.”

*According to the information collected from INSHUR’s 2019 insurance survey that was answered by 561 UK-based Uber drivers.
**According to the information collected from a poll in INSHUR’s monthly newsletter, The Surge, in July 2019 which collected 157 responses from their newsletter subscribers.

Contact information

INSHUR, VP Marketing, Paul Doran
Tel: +44 (0)7768 373 100
paul@inshur.com

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

STELARA® (ustekinumab) Data Demonstrate Long-term Efficacy and Safety Results in Adults With Moderately to Severely Active Ulcerative Colitis in Phase 3 Extension Trial21.10.2019 12:12:00 CESTPress release

The Janssen Pharmaceutical Companies of Johnson & Johnson today announced new two-year data from the long-term extension of the Phase 3 UNIFI study, demonstrating the efficacy and safety of ustekinumab through two years of treatment in adults with moderately to severely active ulcerative colitis (UC). These data are being presented today as a late-breaking data presentation (LB01) at the 27th UEGW congress.1 These data include 399 participants who were in clinical response eight weeks after receiving a single intravenous (IV) induction dose of ustekinumab and who were then randomised to receive ustekinumab subcutaneous (SC) 90 mg injections every 12 weeks (q12w), ustekinumab SC 90 mg injections every 8 weeks (q8w), or placebo, and who were treated in the long-term extension.1 Results showed that the majority of patients were able to sustain remission through to week 92 as assessed by symptomatic remission. The percentage of patients receiving ustekinumab SC who were in symptomatic remi

H.I.G. Capital Acquires an Office Complex in Lyon21.10.2019 11:10:00 CESTPress release

H.I.G. Capital, LLC ("H.I.G."), a leading global private equity investment firm with over $34 billion of equity capital under management, announced today that one of its affiliates has recently completed the acquisition of an office complex totaling approximately 29,000 sqm in Lyon, France’s second economic centre. The buildings are expected to be delivered in March 2021 and have already been 70% pre-let to an A rated French corporate tenant on a long-term basis. Terms were not disclosed. H.I.G. continues to add to its sizeable holdings of real estate assets across Europe, consisting of both equity as well as debt investments, with a particular focus on its target market of value-added small and midcap opportunities. Riccardo Dallolio, Managing Director and Head of H.I.G. Realty Partners Europe, commented: “Our focus in France is on high delivering quality assets with strong tenants that have the potential of becoming highly liquid institutional product as the result of the envisaged v

Rubicon Project Acquires RTK.io, A Leader in Open Source Header Bidding Solutions21.10.2019 10:00:00 CESTPress release

Rubicon Project (NYSE:RUBI), the global exchange for advertising, today announced the acquisition of RTK.io, a leading provider of tools and services that bring simplicity and control to header bidding for publishers. RTK’s solution is built on Prebid, the same open source framework as Demand Manager, the header bidding solution Rubicon Project launched in May 2019. RTK’s technology and team enable Rubicon Project to extend its Demand Manager product portfolio and client base. In the coming months, the company plans to integrate the two solutions to address the growing needs of publishers globally. Rubicon Project acquired RTK in an all-cash transaction for $11 million. “RTK shares our commitment to open source and our passion for serving publishers with powerful tools and incredible client service,” said Michael Barrett, President and CEO of Rubicon Project. “The company has a strong group of header bidding experts and Prebid developers that adds depth to our already great team. Toget

Alibaba Kicks Off 2019 11.11 Global Shopping Festival21.10.2019 07:31:00 CESTPress release

Alibaba Group Holding Limited (NYSE: BABA) today kicked off its 2019 11.11 Global Shopping Festival, taking the annual celebration into its second decade with a focus on “new consumption,” “new business” and actively contributing to a greener society. “Our goal is to stimulate consumption demand and support lifestyle upgrade in China through new brands and products. We will enable merchants in China and around the world to grow their businesses through data-driven product innovation and consumer insights, as well as leverage our recommendation technology and content-driven user engagement to delight consumers in urban coastal cities and less-developed areas of China,” said Fan Jiang, president of Taobao and Tmall. “Given its scale, minimizing environmental impact is essential and our technology will ensure it is a green 11.11 Global Shopping Festival.” A star-studded gala in Shanghai will count down to the world’s busiest 24 hours of shopping on the evening of November 10th. New Consum

Ebury Makes Landmark Acquisition21.10.2019 06:00:00 CESTPress release

Ebury, one of Europe’s largest fintech companies, is pleased to announce its first acquisition: Frontierpay, an international payroll payments provider with offices in the UK and Singapore. Ebury’s strategy Fast-growing Ebury, has acquired the payroll payments business as part of its expanded technology investment programme. The acquisition forms part of Ebury’s broader strategy to invest in technologies that will help accelerate the automation of international payment processes, specifically targeting those within finance and treasury functions of mid-market corporates. In addition to payments Ebury is investing in technologies that improve the global trade process for SMEs including FX and currency hedging, international cash management and trade finance. It has announced major banking partnerships announced this year with SACE Simest and Unicaja Banco. Frontierpay acquisition Frontierpay, which was founded in 2009, delivers cost effective and reliable payroll payments across 180 cou

AROMA BIT Secures 350mn JPY in Series A Funding from Japan Tobacco and East Ventures21.10.2019 06:00:00 CESTPress release

Aroma Bit, Inc. (Representative Director & CEO: Shunichiro Kuroki, headquarters: Chuo-ku, Tokyo, hereinafter "Aroma Bit"), a company which plans and develops compact odor imaging sensors and innovative services using these sensors, has undertaken an third-party allocation of new shares, up to 350 million yen in total, with Japan Tobacco Inc. (President & CEO: Masamichi Terabatake, headquarters: Minato-ku, Tokyo, hereinafter "JT") and existing shareholder East Ventures, in order to acquire the growth funds needed for future equipment development, business development, etc. Aroma Bit, Inc.: http://www.aromabit.com Purpose of the capital increase: Miniaturization and functionality enhancements for the purpose of expanding the digital olfactory market The compact odor imaging sensor developed by Aroma Bit is a unique odor imaging sensor which, unlike conventional gas sensors that can only detect specific substances, is able to generate a visualization pattern from a variety of odor inputs,