Bikmo and Uniqa team up to drive insurance innovation in the European cycling market – Landscape
Bike insurance specialist Bikmo and Liechtenstein-based Uniqa have launched a partnership to drive insurance innovation in the European cycling market.
Combining Bikmo’s specialized experience in the cycling market, business partnerships and innovative insurance technology platform with Uniqa’s underwriting expertise will help accelerate Bikmo’s ambition to protect cyclists from around the world, the company said.
The partnership will target consumers and businesses involved in the European bicycle market, driven by changing behaviors during the pandemic, significant investment in cycling infrastructure across Europe and strong growth in e-bike sales.
Insurance product development will include expanding consumer cycle insurance in Europe, working with cycle brands and retailers on integrated point-of-sale insurance, developing their bicycle rental and commercial insurance products for companies involved in the cycle sector.
Bikmo CEO David George said, “The speed with which we responded and delivered our first project together was a record for Bikmo, giving us great confidence in the many ongoing projects and future opportunities.
“The combination of Bikmo’s experience and expertise in the cycling and outdoor sectors combined with Uniqa’s insurance expertise and agility in the European market makes for a winning combination. “
Carsten Abraham, CEO of Uniqa Liechtenstein, said: “Customer focus and sustainability are Bikmo’s two core values, making it a perfect complement to Uniqa Liechtenstein’s own business ambitions. We are proud to support them on this (bike) race.
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Bikmo launched “Bikmo for Business” late last year, a new insurance advisory, product brokerage and management service for businesses in the cycling, mobility and gig-economy industries. It aims to support businesses focused on cycling and mobility with advice and products ranging from simple liability and property policies to more bespoke solutions for businesses that don’t fit the traditional approach to cycling. cookie cutter that free market insurers can apply to business insurance.