Insurtech company Roamly launches AI-powered Carshare insurance platform for shared vehicles and mobility sectors after becoming a Lloyd’s of London Coverholder. The platform utilizes AI, machine learning, and telematics to streamline insurance underwriting, automate claims, and offer tailored risk management solutions.

Roamly Carshare integrates seamlessly with marketplaces, fleet operators, and transportation networks, offering an API-first approach for easy integration into existing booking and fleet management processes. Currently insuring 7,000 vehicles, Roamly plans to expand to over 12,000 units by 2025, supporting carsharing and ridesharing scenarios.

The Carshare platform includes direct booking capabilities through Wheelbase, Roamly’s fleet management SaaS system, allowing operators to engage with customers and list on third-party marketplaces. Insurance coverage extends to vehicles parked, used for personal purposes, or operated on rideshare platforms like Uber and Lyft.

Roamly CEO Jeff Cavins emphasizes the scalability and affordability of the Carshare insurance solution, generating over $12 million in premiums by the end of the year. The platform offers embedded insurance coverage to support operators’ growth and protect consumers participating in the marketplace economy.

Read more at Yahoo Finance: Roamly introduces AI-powered Carshare insurance platform