Boston, January 29, 2016 – The spread of ridesharing as a part-time or full-time occupation has been a hot button for the insurance industry over the past few years. As of January 2016, well over 400,000 drivers in the United States alone partake in ridesharing. U.S. insurers expended energy in 2015 to better address the needs of these drivers, but do their efforts truly address the market?
This report, drawn from a 2015 Aite Group survey of U.S. and Canadian ridesharing and on-demand package delivery drivers, recommends improvements insurers must make to increase their level of success in this growing market.
It mentions ridesharing or delivery services DoorDash, Eaze Solutions, Fasten, Gett, GrubHub, Instacart, Loup, Lyft, Munchery, Postmates, Roadie, Shuddle, Sidecar, Split, Summon, TaskRabbit, Uber, Via Transportation, and Wingz as well as the following insurance companies: AAA, Allstate, Erie Insurance, Farmers, Liberty Mutual, Mercury, MetLife, Metromile, Mobilitz, Nationwide, Progressive, and USAA.
This 34-page Impact Report contains 31 figures. Clients of Aite Group’s P&C Insurance service can download this report.