Intact Financial Corporation announced that it has entered into a cooperative agreement to develop tailored insurance products with the popular ridesharing service Uber. The intention is to offer and market these products under IFC's two largest brands – Intact Insurance and belairdirect, Canada's digitally driven insurer. IFC is working closely with insurance regulators and different levels of government in provinces where the ridesharing service currently exists.
"IFC's core business is focused on consumer protection and meeting the insurance needs of Canadians. With the growing popularity of the sharing and on-demand economy, we are adapting our product range to offer innovative solutions to meet the changing needs of consumers," said Louis Gagnon, President, Service & Distribution of Intact Financial Corporation.
More details will be shared when these products are made available.
