Admiral Expands into Taxi Insurance Market via Partnership with Patons
Admiral Business has entered the UK taxi insurance market through a partnership with broker Patons, aiming to address low insurance uptake among gig economy taxi drivers. A GlobalData survey indicates that only 37.8% of drivers have or plan to take out insurance, with many assuming coverage is provided by employers or platforms. The partnership is expected to provide tailored insurance products and advisory support to address gaps in coverage.
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Topics: gig economy insurance market expansion partnerships taxi drivers