Roamly, a digital insurance technology and solutions provider, has been appointed as a Lloyd’s Coverholder.
With this approval, Roamly will be able to underwrite and insure customers directly on Lloyd’s balance sheet, along with being backed by the unmatched financial strength and global reputation of Lloyd’s of London.
This reflects the highest level of trust and confidence in the firm’s underwriting capabilities to foster the evolution and growth of the sharing and on-demand economy.
This appointment marks a significant milestone in Roamly’s mission to redefine the insurance landscape and create new opportunities in marketplaces.
This also enhances Roamly’s ability to innovate and respond quickly to customer needs while maintaining the highest underwriting standards. For policyholders, it means greater confidence in the reliability and security of their coverage.
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As a Lloyd’s Coverholder, Roamly can innovate and introduce new offerings for marketplaces faster and with greater credibility to customers across the US and Canada.
Jeff Cavins, Chief Executive Officer, Outdoorsy Group, commented, “Becoming a Lloyd’s Coverholder is an exceptional achievement, as only a select number of outstanding partners are approved each year. This designation underscores Roamly’s commitment to being actuarially led, delivering low loss ratios paired with best-in-class insurance products and backed by financial strength.
“More importantly, it’s a critical enabler for the future of shared mobility. From RVs and campervans to carshare and emerging transportation models like cybercabs, the sharing economy demands specialised, agile insurance. This appointment positions Roamly to introduce new offerings faster and with greater credibility, expanding our marketplace offerings to partners and providing even greater value to customers who are embracing new ways to travel and share assets. It reinforces our role as a trusted brand in the specialty insurance space, ready to power the next wave of innovation.”
Christopher Moore, President, Apollo ibott 1971, who supported the Lloyd’s Coverholder designation of Roamly, added, “Consistent with our goal to build long-term sustainable insurance partnerships for our future, we look forward to ongoing partnership and collaboration with Roamly. Since we first met, we were impressed with Roamly’s clear underwriting framework and risk management for specialised vehicles and marketplaces. Roamly has a track record for introducing new, high-quality offerings to niche markets like on-demand, shared marketplaces, and I’m excited to be teaming up on what we create together.”
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