Renaissance Insurance now issuing mandatory third-party liability insurance through client accounts on the Kamaz website
3 November 2021
In the first month since the service
was launched, 12 policies have already been issued.
Kamaz and the start-up Must
, a platform offering online insurance for cargo trucks, concluded a revenue-sharing agreement in September of this year.
Must’s strategic partner, Renaissance Insurance, is responsible for processing and issuing mandatory third-party liability policies for owners of Kamaz trucks.
The service can create an individual risk profile for a truck in just 15–20 seconds and then selects an attractive premium at a fair price. Issuing a policy takes no more than five minutes. There is no need to fill out forms, scan and submit copies of documents or wait for the policy to arrive. Everything, including payment, takes place online. The policy immediately appears in the databases of the State Road Traffic Safety Inspectorate and the Russian Association of Motor Insurers.
“For Kamaz, as a manufacturer and seller of heavy-duty vehicles, insurance is an integral and important part of our ‘Automobile as a Service’ product. This new partnership enables us to offer our customers a fast and convenient insurance service, freeing up time for business. This is our first experience in the insurance market, just the beginning, and we don’t plan to stop”, says Eldar Shavaliev, CEO of Digital Platform Kamaz LLC.
“Partnership with giants such as Kamaz and Renaissance Insurance Group is a momentous event for the Must team and the starting point of a new stage of development filled with exciting plans and professional challenges. I am confident that, together with our partners, we will be able to create the best and most convenient digital insurance service for cargo trucks in Russia”, says Anton Redko, founder of the Must platform.
“We are delighted that the opportunities we offer – in particular, our information systems – are attracting interesting start-ups such as Must. First of all, processing – for example, connecting a new partner – which for many companies takes months, we can do in only a few hours thanks to our new API”, says Zara Gevorkyan, Vice President for Corporate Sales at Renaissance Insurance.