Allianz Insurance has partnered with Drivy (UK) to provide insurance for users of its car sharing platform.
Drivy, a car sharing operator, links drivers, who need a car on a short-term basis, with vehicle owners who want to generate extra money when they are not using the car.
The partnership between Allianz and Drivy ensures car owners and hirers are insured for the length of the rental period. It’s an extension of the wider partnership, in six European countries, between the Allianz Group and Drivy Ltd.
The fully comprehensive insurance cover* provided by Allianz for the duration of the rental includes cover to drive throughout the European Union and so gives protection of the owner’s existing insurance and no claims discount.
“Innovative insurance solutions are needed to support the growth of the sharing economy and tailoring insurance cover is one way we can do this,” commented Jonathan Dye, head of motor insurance, Allianz Insurance, which is headquartered in Guildford, England.
“Attitudes to mobility are rapidly changing and it’s important that Allianz provides customers with options whether they own or rent vehicles,” he added.
“Working with Allianz allows us to cement trust with our users as we roll out our car sharing service across the UK,” said Paulin Dementhon, CEO, Drivy. “Insurance is a key consideration for everyone – whether they are a car owner or driver on the road. So through Allianz, we can ensure everyone is safely protected, however a car fits into today’s lifestyles.”
About Drivy
With over 50,000 cars shared across six countries (France, Germany, Spain, Austria, Belgium and the UK), Drivy enables more than 3 million days of rental for a community of 1.8 million users. To ensure safe rentals, all cars are covered by Drivy’s comprehensive insurance and roadside assistance package designed with partners Allianz and the AA.
* Full terms and conditions of the insurance cover can be found on the Drivy “Insurance and roadside assistance” website.
Related:
French Startup Drivy (‘Airbnb for Cars’) Raises $35M to Expand; Insured by Allianz
Topics Mergers & Acquisitions Auto Allianz
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