Intact Financial Corporation's ridesharing insurance policy gets go-ahead in Ontario
Uber Canada, today announced that the
"This new ridesharing insurance approved by FSCO should serve as a practical solution designed for ridesharing. Both IFC and Uber remain engaged with regulators across Canada to bring new ridesharing insurance policies that offer a smart, seamless and simple solution for driver-partners," said
Ian Black, General Manager,
Uber Canada.
Every ridesharing driver operating on the Uber platform in
"Our goal in working directly with Uber, Aon and regulators has been to develop an insurance solution that provides protection for all Canadians that use ridesharing services. This unique product will benefit both drivers and passengers, and speaks to how insurance is evolving to meet the needs of consumers. It will also now be easier for other personal lines insurers to permit drivers to participate in ridesharing using their personal automobile given that the commercial portion of rides are covered by Intact," said
Karim Hirji, Senior Vice President, International & Ventures for
As the
Aon, the leading global provider of risk management and insurance solutions, worked with IFC and Uber to bring this to market. "Aon is committed to driving innovation across the sharing economy and is proud to partner with
Uber Canada and IFC to craft a dynamic insurance solution that meets the changing needs of riders and drivers," said
Craig Gilmour, Executive Vice President for
For more information on these tailored insurance products, visit intact.ca and t.uber.com/ONInsurance
About
About
Uber Canada
Co-founded by Canadian entrepreneur
Garrett Camp in 2009, Uber is evolving the way the world moves. Present in over 40 communities in Canada, Uber has revolutionized transportation and offers more than 20,000 Canadian driver-partners a new way to earn income in their spare time by offering an affordable transportation alternative to hundreds of thousands of riders across the country. For more information, visit uber.com.
About Aon
Forward-Looking Statements
Certain statements made in this news release are forward-looking statements. These statements include, without limitation, statements relating to new insurance products, new legislation related to the sharing economy and related insurance product evolution and the timing of governmental and regulatory implementation. All such forward-looking statements are made pursuant to the 'safe harbour' provisions of applicable Canadian securities laws.
Forward-looking statements, by their very nature, are subject to inherent risks and uncertainties and are based on several assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements as a result of various factors, including those discussed in IFC's most recently filed Annual Information Form and annual MD&A. As a result, we cannot guarantee that any forward-looking statement will materialize and we caution you against unduly relying on any of these forward-looking statements. Except as may be required by Canadian securities laws, IFC does not undertake any obligation to update or revise any forward-looking statements contained in this news release, whether as a result of new information, future events or otherwise. Please refer to the cautionary note of IFC's most recently filed MD&A.
SOURCE
Investor Inquiries: Samantha Cheung, Vice President, Investor Relations, Intact Financial Corporation, 1 (416) 344-8004, samantha.cheung@intact.net; Media Inquiries: Hazel Tan, Manager, External Communications, Intact Financial Corporation, 1 (416) 341-1464 ext. 48073, hazel.tan@intact.net; Susie Heath, Senior Communications Associate, Uber Canada, susie@uber.com; Stephen Barrigar, Vice President, Aon Risk Solutions, 1 (416) 868-5724, Stephen.Barrigar@aon.ca
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