Insurer Direct Line Group has partnered with Europe-based car-subscription service Drover to insure its consumer vehicle base.
Integrating with Drover’s online booking process means that Drover’s customers are insured when subscribing to a vehicle. As a result, drivers benefit from Direct Line Insurance.
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The deal means Drover users will pay a highly customised price for their all-inclusive subscription. This is based on a number of factors, including Drover’s machine learning technology.
In addition, the process of adding and removing cars to the policy works through Drover’s online platform. Furthermore, it saves time and money on admin when compared to tradition insurance or car leasing products.
Rebeca Clapham, head of UK business insurance solutions at Direct Line Group said “We’re really excited about working in partnership with Drover. We love their fresh-thinking approach to accessing a vehicle and are thrilled to be part of this unique customer proposition!”
Rob Prager, head of insurance & risk at Drover, said: “We’re delighted to have partnered with Direct Line Group who are a market leading trailblazer for insurance in the UK. Their pedigree for developing innovative motor insurance products makes them the very best possible insurance partner as we scale to new heights. The product we have jointly developed takes the very best learnings from commercial and personal lines worlds and leverages DLG’s renowned capabilities across pricing, underwriting and claims. In keeping with our ‘Cars Made Easy’ ethos, we can now offer our subscribers even more value and flexibility than they’ve ever had before.”
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By GlobalDataFound in 2015, Drover offers an all-inclusive car subscription service. Subscriptions provide exclusive use of a car with insurance, maintenance, breakdown cover and more included. The firm has raised £7.5m ($9.7m) in funding to date and has formed partnerships with manufacturers such as BMW, Volkswagen and Toyota.
In August, Drover made another partnership, this time with insurtech Zego.
