Daily Markup #1050: Laka pedals into France to deliver bicycle insurance with no long contracts, lightning-fast claims, and more

Photo credit: Laka

Tour into France

  • 60% of cyclists in France use e-bikes to replace other motorized forms of transport in their daily lives. That’s why it’s important for riders and their ride to be well protected.
  • Award-winning bicycle insurance by 500-backed insurtech company Laka is now available in the country, building on their existing presence in Germany, The Netherlands, Belgium, and the UK.
  • The company’s coverage includes theft insurance, accidental damage, roadside assistance, and race and travel cover — the latter being an unique offering for sports-focused cyclists.
  • With no excess or depreciation, no long-term commitment, no long contracts and excessive fine print, and lightning-fast claims-handling service, the team’s ethos of always putting customers first has earned them Best Cycle Insurance Provider for 6 consecutive years!
  • What’s more, Laka earns a success fee only when a claim is settled, aligning its interests with those of its customers.
  • Co-founder & CEO Tobias Taupitz shared, “Laka is really excited to be able to offer innovative insurance for all. We’re determined to provide a best-in-class experience for everyone and keep people pedaling. Customers can fully enjoy their bike, knowing that Laka has their backs and swiftly get them back on the saddle if needed.”
  • Read the full story here.
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