If P&C Insurance and Uber have signed a partnership agreement to develop innovative insurance solutions for Uber partner drivers in Sweden. The first product will be launched within a few weeks.

If P&C and Uber announced a partnership to create tailor-made insurance solutions for professional Uber partner drivers in the Nordic region.

IF has developed a digital insurance product for Uber partner drivers. The insurance is priced by, among other things, the individual star rating the drivers get from their customers.  This model rewards safe driving by offering a lower price to highly rated drivers – it is the first product to use “pay how you drive” insurance models.

The driver can at any time terminate their insurance, depending on their needs.

-”Many professional drivers work part-time now, which makes a traditional taxi insurance unsustainable expensive. With the new pricing we are now piloting, we can lower the price for many of these drivers because we can take into account individual conditions, “says Jonathan Fransson, Head of Commercial Vehicle Sweden at If P&C.

As part of the partnership, Uber will bring digital customer insights and deep knowledge about driver needs to If P&C.

“We are very pleased with the cooperation with Uber. It is in line with If P&C’s ambitions to develop and adapt traditional insurance to the digital world. Large parts of the transport sector will be digital in the future. And we will be where our customers are”, says Jonathan Fransson.

We are an innovative company that utilizes technology to redefine on-demand transportation services.  Our driver partners need modern insurance solutions that leverage technology to meet their needs.  We are thrilled to have found an insurance partner who is excited about creating a bespoke product that meets the needs of for-hire drivers and brings commercial auto insurance into the 21st century.  If’s first-of-its-kind insurance takes into account an individual Uber driver partner’s star rating, says Uber’s Head of Insurance Curtis Scott.