MIC Global and inDrive Scale Parametric Insurance Partnership to 18 Countries

MIC Global, a leading provider of parametric micro insurance for the gig economy, and inDrive, the global mobility and delivery platform, today announced the expansion of their partnership to 18 countries. The trip-level policy covers drivers and passengers against several risks, including medical expenses in the event of an accident during a ride.

On New Year's Eve 2012, temperatures in Yakutsk, Siberia, dropped to -45°C. Local taxi companies tripled their prices. Stranded residents organized rides and agreed on fair fares via social media - and from that act of defiance, inDrive was born. Today it operates in more than 1,200 cities across 48 countries.

Traditional insurers assume static risks, predictable schedules and single geographies - a poor fit for a marketplace app spanning continents, with thousands of drivers completing billions of trips a year in cities where out-of-pocket medical costs can be catastrophic.

MIC Global is built for exactly this: short duration, event-driven, automated claims and embedded insurance. Its triggers are binary and platform-verified, so claims are adjudicated using data the platform already holds - no forms, no underwriter judgment call.

The partnership launched in 2024, when MIC Global began covering inDrive drivers and passengers across three countries, active only during trips booked through the app. inDrive was founded to challenge injustice; MIC Global, to deliver a safety net for short-term income loss. Each does what it does best: MIC Global owns underwriting, compliance and claims, leaving inDrive free to focus on connecting drivers and passengers at fair prices.

Scaling from three countries to eighteen in under two years is a compliance, actuarial, claims and relationship challenge as much as a technology one. Every market has its own insurance regulatory framework, and MIC maintains full local compliance while running a single, consistent underwriting spine - standard policy architecture per vertical, bespoke wording and actuarial basis per geography, and a reinsurance structure providing capital across all markets at once.

"inDrive was built on the idea that platforms should serve people, not extract them. Extending real financial protection to drivers and passengers across 25 countries is that principle in practice. For a driver completing multiple trips a day in a market where a serious accident could mean financial ruin for their entire family, this is not a marginal product, its a safety net." said Andries Smit, Chief Growth Business Officer, inDrive.

"We fast-track innovation. It starts with a deep dive into our partner's business, how they operate, where their risk sits, what their people actually need. Once we understand that, our AI-enabled technology and underwriting innovation let us package a protection solution built precisely for it: standard policy architecture per vertical, local licensing and actuarial work per market, reinsured through Lloyd's and MIC Re. Built once, ready everywhere. So, when inDrive moved into a new country, we moved with them. That's how our partners grow and thrive: protection that scales as fast as the platform does." said Mike Eksteen, Senior Vice President and Chief Business Officer of MIC Global.