Roamly, a leading API-enabled digital insurance platform, today announced the launch of its proprietary Carshare Insurance product designed specifically for commercial fleet vehicle operators.
Through Roamly Carshare, carsharing marketplace companies can cover the specific needs of carsharing users during both rental and non-rental periods, offering modernized insurance protection to reward car-sharers while also removing premiums for features they aren’t using, thereby helping car-sharer’s safeguard their profits.
Roamly’s commercial coverage is designed for individuals and fleet owners who carshare through rental platforms to protect their assets in between rentals — whether they’re parked on the lot or being driven for routine maintenance, gas fill-ups, car washes and more.
“From day one, Roamly was designed as an open API platform to power the global marketplace economy,” said Jeff Cavins, Roamly’s CEO and founder. “The peer-to-peer car sharing market is growing rapidly across the globe, and we’re proud to support this shift toward environmentally friendly transportation and mobility-on-demand options.”
With Roamly Carshare, carshare companies can:
- Provide focused coverage in minutes: Integration is fast and seamless
- Gain a competitive edge: Offer more comprehensive insurance protections to encourage platform loyalty and reduce cross listing.
The first integration of Roamly Carshare is currently live on Getaround, a connected car-sharing marketplace and its wholly owned subsidiary for gig carsharing, HyreCar, where the product extends protection to their Power User communities.
“We are proud that the Roamly platform is now powering the Getaround community – a pioneer in the carsharing industry,” said Cavins. “This partnership is the first step forward on Roamly’s roadmap for rapid expansion in the global peer-to-peer car sharing ecosystem.”
The significance of the launch comes at a time when the global car sharing market is projected to reach $51.7 billion by 2030 according to a market report by RationalStat.
“Our partnership with Roamly allows us to give Getaround owners greater peace of mind when it comes to period X coverage,” said Getaround’s CEO Eduardo Iniguez. “We are excited to work with an insurance partner who is a true innovator, as well as a partner who is able to seamlessly integrate their insurance coverage with our platform. Roamly’s Carshare Insurance product allows us to continue executing on our mission: to offer more environmentally friendly, connected mobility-on-demand options for drivers and greater income potential for owners.”
“This gives our nationwide owner community one more reason to choose Getaround first,” said Iniguez.
To learn more about Roamly Carshare insurance, visit roamly.com/carshare-insurance.
