Shared Mobility Thoughts

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Covid-19 Taskforce: Micromobility Risk Management and Insurance with Justin Kozak and Flavia De Mattia

Jul 3, 2020

This week’s Covid-19 Taskforce micro webinar is hosted by Justin Kozak, Vice President of Sales at Founder Shield, a full service insurance brokerage focusing on emerging and progressive industries. He specializes in guiding companies in the mobility space through best risk management practices and the insurance coverage procurement process. In this webinar he is joined by Flavia De Mattia, an Underwriter at Apollo who has been working in the insurance industry for the last 8 years. She is part of the ibott team within Apollo, which focuses on creating insurance solutions for companies across the sharing economy space.

In this interview, Flavia answers risk management and insurance questions, which will allow you to gain insight into an underwriters mind and understand how the insurance market works in relation to mobility.

You can directly ask the taskforce anything related to Covid-19 and seek advice on managing your own operation by sending an email to taskforce@adaml134.sg-host.com.

Covid-19 Taskforce: Risk management and insurance with Justin Kozak and Flavia De Mattia

In this MICRO WEBINAR:

  • Mopeds, depending on the engine size can be classified like most vehicles and this means that they are regulated differently and require auto insurance as opposed to general liability.
  • For underwriting considerations they are very different as the coverage is different and they would also be subject to protection from the Graves’ Amendment, which is not the case for bikes and scooters.
  • Scooters are a relatively new form of mobility and so they are an emerging risk compared to bikes, which have been an integral part of our lives from an early age. Therefore the type of accident and claim severity is different for both.
  • Apollo believes in usage-based pricing. For example if they charge a rate per mile, the ultimate premium of the policy will be based on the final mileage at the end of the policy period, which is why projections are important – to understand how much exposure to risk there is going to be.
  • They rate using a variety of exposure metrics including, for example, ride-per-minute and it depends on how individual operators run their business and how much data they collect. Revenue is another exposure metric but it isn’t used as much as its not as reflective of exposure given it’s based on the cost of using the unit per mile and if the cost changes this wouldn’t necessarily change their [ibott’s] exposure to risk.
  • Operators should look to collect as many different factors linked to their exposures as possible and this can give them valuable insights into their risk but it can also be impactful for insurance pricing.
  • It’s important that if you’re thinking of moving from B2C to a B2B model that you inform your insurance carrier or you broker.
  • Most delivery platforms will provide insurance to the delivery person while they are on active delivery and this would cover them if they were walking, cycling, driving or riding a scooter but note that it will cover for their liability – so injury to third party – but it’s unlikely to cover them for first-party injury or damage which will fall back on the scooter operator.

If you have a direct question for the taskforce related to Covid-19 or wish to seek advice on managing your own operation, send an email with your question to taskforce@adaml134.sg-host.com. For more Covid-19 information and resources click here.


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