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CSAA Insurance Group on Tuesday launched Mobilitas Insurance Co., a commercial insurer focused on the sharing economy and mobility sector that has partnered with Lyft Inc. to provide ride-sharing coverage in 11 states from Oct. 1.
Mobilitas, which is based in Glendale, Arizona, and a wholly owned subsidiary of CSAA, will create customized insurance coverages available online or via an app for businesses and individuals in the sharing and mobility space, CSAA said in a statement.
Under the partnership with Lyft, Mobilitas will provide a blanket auto policy for Lyft drivers in Colorado, Idaho, Minnesota, Montana, Nebraska, North Dakota, Oregon, South Dakota, Washington, Wisconsin and Wyoming.
The emerging on-demand and sharing economy represents one of the largest growth opportunities of the future, Eric Ummel, general manager of Mobilitas, said in the statement.
Aon PLC has teamed with San Francisco-based Bunker Technologies Inc. to serve the growing on-demand, sharing economy, Aon said in a statement Wednesday.