The renewed insurance program, which was previously underwritten by Y-Risk on behalf of AIG, now resides with The Hartford.
The application was developed with Mitek, a leader in identity verification technology, to allow interested drivers to easily verify their identity when digitally applying to rent a car through HyreCar’s new seamless mobile interface.
The company anticipates releasing its annual financial reporting at the end of March.
With the addition of Brian Allan, HyreCar will continue to leverage its business model of carsharing for ridesharing while providing a "path to purchase" for rideshare drivers.
HyreCar also announced that it has expanded access to its proprietary platform for drivers and vehicle owners in all 50 U.S. states.
As part of HyreCar’s growth plan, Henry Park will be working with the company’s leadership team to improve HyreCar’s end-to-end user funnel, streamline the rideshare insurance claims process, and optimize customer service to improve the overall user experience.
Owners on the HyreCar platform will have a seamless interface with TIKD’s ticket management service as an added benefit of operating on the HyreCar platform.
With PassTime, a leading provider of GPS solutions, HyreCar will offer advanced vehicle asset tracking and management to car dealers and fleet owners who are leveraging mobility as a service through the its platform.
The partnership potentially adds upwards of 500 vehicles to HyreCar's platform,
Together with NIADA, the companies aim to meet an overwhelming dealer demand to enter the mobility as a service industry throughout the U.S.