Aon: shifting insurance from the vehicle to the driver
British-American multinational insurance company Aon is starting in the Netherlands a three-month pilot project to test whether it makes sense to shift the focus of the shared car’s insurance to a ‘personal mobility insurance’ on the driver’s personal name.
The idea is to link the insurance to the driver’s license or the ID of the person who wants to use shared vehicles like rental cars, e-scooters, or e-bikes and reward or punish the latter for good or bad behavior with whatever vehicle he operates. Repetitive misbehavior could lead to be denied to use certain shared vehicles.
The goal is to introduce a kind of accountability method to avoid currently increasing damages and rising insurance premiums that could ruin the business model for sharing platforms like Felyx, Snappcar, GreenWheels or GO Sharing in the Netherlands. Higher insurance premiums would mean higher renting prices for the consumer.
In the Netherlands, in 2020, some 730 000 drivers used one of the 64 312 shared cars available in the country. Shared e-scooters, on the other hand, were discouraged in the Netherlands, as most of these kind of microbility vehicles are illegal, unless officially homologated. But now, their numbers are growing in Holland, going toward 10 000 shared e-scooters today, says Aon.
Safe Travels app
The pilot project starting in Rotterdam in December, wants to use anonymized user data and a number of volunteers to see whether fewer damages occur this way. It’s a joint project with the Dutch Ministry of Waterways and Public Works, RDW, the city of Rotterdam, Vattenfall, SafeDrivePod, Loyens & Loeff, and MS Amlin. The first results are expected in Q2 of 2022.
The Aon product is called ‘Safe Travels’ and comes with a dedicated app that lets users rent a shared car or scooter with lower insurance costs, based on the user’s personal usage history. When starting the rental you make a short video of the vehicle and upload it into the app to prove its current state and you post a new video after returning it.
You’re insured for third-party liability, damage to the vehicle itself, and personal accidents. The benefit for the user is that when others damage the vehicle, you won’t pay extra for the insurance yourself and get cheaper access to the shared mobility platforms.