inDrive seeks specialised insurance for ride-hailing drivers

Urban mobility platform inDrive has called for specialised motor insurance products that would take care of the needs of e-ride-hailing drivers.

This position forms part of the submission made by the Government Relations Specialist, inDrive, Mary-Anne Momoh-Ige, at a webinar titled ‘Beyond Compliance: Demystifying Third-Party Motor Insurance—Legal Requirements, Coverage & Benefits, and Claims Administration,’ which was organised by Coronation Insurance.

Speaking on the occasion, Momoh-Ige urged policymakers and insurers to develop insurance packages tailored to ride-hailing drivers, who face unique challenges in classification, stating that ride-hailing drivers operate in a grey area when it comes to insurance classification.

“The insurance policy must evolve to accommodate ride-hailing platforms. Currently, vehicle registration only recognises cars as either commercial or personal, making it difficult for ride-hailing drivers, whose vehicles serve both purposes, to secure appropriate coverage,” she said.

Also, she noted the ride-hailing platform’s commitment to ensuring proper documentation and insurance during its driver onboarding process. Despite its importance, she explained that many drivers remain unaware of insurance’s coverage, benefits, and legal implications.

She disclosed ongoing efforts to promote third-party motor insurance, a legal requirement of every vehicle owner, through sensitisation, grassroots mobilisation, and collaboration with policymakers and industry stakeholders.

Momoh- Ige noted that the platform remains committed to ensuring drivers’ and passengers’ safety and well-being by advocating better insurance policies and compliance measures.

The session brought together key industry stakeholders, including the Nigeria Police Force and the Federal Road Safety Corps, among others.

During the session, the discussion centred on third-party motor insurance, a legally required policy that covers damages or injuries caused to another person, vehicle, or property in an accident where the insured driver is at fault.

Panellists emphasised the need for increased public education and awareness, as a lack of understanding prevents many drivers from securing adequate protection.

This webinar is part of a broader effort by Coronation Insurance and industry stakeholders to drive awareness and compliance with third-party motor insurance regulations, ensuring better protection for drivers, passengers, and other road users.