Aioi Nissay Dowa Europe in the UK, a subsidiary of Japanese insurance firm MS&AD Insurance Group, has expanded its existing partnership with ibott, a division of Apollo, to develop a range of insurance solutions for TURO, a peer-to-peer car sharing business.

The partnership seeks to address some of the grey areas between commercial and personal motor exposures created by a peer-to-peer car sharing model.

Adrian Steele, head of insurance solutions at AND-E, said: “We are delighted, together with the Apollo Group, to have TURO as a partner and fully embrace the direction of its business. As the mobility sector grows, building innovative insurance solutions to meet this dynamic sector’s needs becomes ever more important.”

Chris Moore, head of ibott, Apollo Group, added: “TURO shares in the Apollo vision of embedded data driven insurance solutions and we are pleased to partner with them. The road ahead is exciting for TURO and Apollo and all of our insurance and reinsurance partners are excited to be part of this journey.”

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