The future-proofing of shared mobility (vehicle rental) for both provider and user is under pressure due to the damage development of shared vehicles, such as scooters and cars. Risk and insurance advisor Aon is tackling this problem and will (soon) start a testing ground in which experiments are being done with driver's license insurance. In this testing ground, in which the Ministry of Infrastructure and Water Management (I&W), the Municipality of Rotterdam, RDW, Vattenfall, SafeDrivePod, Loyens & Loeff and MS Amlin are also involved, the insurance is shifted from (the owner of) the vehicle to the driver. . Based on analysis of anonymized vehicle and driver data, this should lead to a more favorable claim development.
At the end of the trial, which will last at least three months, the Ministry of Infrastructure and Water Management will hold a seminar on the insurability of shared mobility together with Aon to announce the results.
Skewed growth between premium and claims
The insurability of shared mobility and platforms has been under pressure for some time now. While the demand for shared vehicles is increasing, many of these types of vehicles, such as (electric) scooters, are experiencing damage. As a result, the ratio between premium and claim has grown skewed for insurers.
“Shared mobility is not only important for sustainability and keeping transport affordable for everyone, it also helps to use the already scarce space in cities in a smarter way. That is why the ministry wants to help remove barriers for partial transport, including keeping insurance affordable. With this trial we can test digital possibilities and stimulate the insurance industry to develop a suitable and sustainable insurance product.”
"That is why the insurance should no longer come with the vehicle, but with the renter/driver. It is our vision that responsible and safe driving should be transparent and rewarded. This is exactly what we want to experiment with in the living lab. A renter of a shared vehicle must feel financially the financial consequences of irresponsible driving or careless handling of these vehicles. I really expect that we will see much less damage to shared vehicles and that we encourage people to participate in traffic safely.”
Linking risk profile to driving license
If the test is successful, Aon first wants to gain experience in insuring the hull risk of rented vehicles through a personal mobility insurance linked to an ID or driver's license.
The pilot project will therefore experiment with collecting vehicle and driver data and linking this to damage data. If it turns out that someone is driving 'a lot' of damage, this person can receive a higher premium, be blocked or it can be ensured that he only has access to an e-bike, for example. Conversely, if the driver drives without damage and demonstrates safe driving behaviour, this has a favorable effect on the premium.
The future of shared mobility put into practice
This testing ground for shared mobility is a public-private partnership in which stakeholders test various smart solutions in the field of mobility in one app. One.
“The ideas about experiments or trials in the field of sustainable, affordable and safe mobility have been around for some time, but this is one of the first concrete projects. In this living lab, parties combine their knowledge and expertise and a wealth of relevant data will become available for further analysis. The RDW is following this testing ground with interest, among other things because of the link between the insurance register and the driving licence, but also the development of the mobile driving licence. I am convinced that with this testing ground we can keep shared mobility insurable and that we can also use our knowledge and experience for the rental market, where insurability is now also becoming a problem.”
