Revolutionizing the Gig Economy with Innovative Embedded Insurance, Covering Passengers on the Go!

September 4, 2023

We are thrilled to announce that bringing together the prowess of InsureMOOLA Insure and Universal Sompo General Insurance Co. Ltd. redefine Rider Protection in India. The Rider Protection cover is thoughtfully designed to protect Ola passengers as they travel in Ola cabs.

Ola is India’s largest mobility platform and one of the world’s largest ride-hailing companies, serving 250+ cities across India, Australia, New Zealand, and the UK. Ola Insure is the Umbrella Brand for all Insurance, Warranty & Assistance products within the Ola Mobility Ecosystem.

Seamless Integration, Empowered Protection
In this game-changing collaboration, OLA Insure has utilized the capabilities of the global leading API-based insurance tech platform, InsureMO® to seamlessly integrate Rider Protection bundle into the ride booking journey. Rider Protection covers a range of scenarios, from accident death to permanent disability, hospitalization, OPD coverage, flight delay, Home Insurance, Fire, Ambulance cover and more, giving peace of mind to Ola riders.
 
“InsureMO platform has a library of over 3,000 ready products, powering USD20 billion annual premiums globally. We are proud to be able to smoothly launch Rider Protection for Ola riders at lighting speed, supporting ever-growing, massive volumes. There is a massive untapped potential within the gig economy landscape. Many platforms are yet to fully harness the power of insurance to drive better customer experience and protection for gig ecosystem, from food delivery to freelance marketplaces, there's a world of opportunities waiting to be explored,” said Saurabh Mehta, Global Head of Affinity and Channel Business of InsureMO.

About InsureMO® 
InsureMO® (for “Insurance Middle Office”) is designed to accelerate insurance innovation, improve connectivity among stakeholders, and handle the massive volume, variation, and velocity of insurance business in the “Digital Age.” As a platform-as-a-service (PaaS), InsureMO acts as middleware for the insurance industry, freeing insurers from legacy constraints, and unlocking their ability to innovate and connect to stakeholders. With a full set of insurance APIs and microservices for general (P&C), life, and health insurance businesses covering the entire policy lifecycle, InsureMO supports Open API collaboration, is managed via Cloud Container (based on Docker and Kubernetes), and enables third parties to develop applications. Explore more or sign up now at InsureMO.com

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