Insuretech start-up INSHUR and Uber have partnered to offer insurance services to drivers who use the Uber app.
INSHUR uses information about average trips, location and driver ratings in near real-time to calculate risks and pricing, and reward safe driving with cheaper policies.
The INSHUR app allows drivers to log in using their Uber ID, scan their licences, select a type of cover and pay for a policy in the app.
The partnership also aims to reduce insurance fraud, with INSHUR the only 100% mobile PHV insurance provider in the UK meaning it is able to provide real-time digital checks without the need for manual intervention.
“Safety is at the heart of everything we do and motor insurance is at the heart of private hire safety,” said Fred Jones, director of Uber London Limited.
“We have introduced many new safety features in the app and improved our processes over the past 18 months.
“However, we won’t stop there because when it comes to safety on our platform, our work is never done.”
David Daiches, co-founder of INSHUR, added: “We have built a data-driven technology platform, secured insurance capacity with a trusted global insurer and are scaling our business in New York and the UK.
“The relationship with Uber further extends our focus on technology, data and real-time usage based risk assessment. The aim will be to reward the safe and highest rated professional drivers, this is a great thing for everyone.”