Ejaro, the leading peer-to-peer car rental platform in the Kingdom of Saudi Arabia, has entered into a strategic partnership with Tawuniya, the kingdom’s largest insurance company.
This marks a significant milestone as the first of its kind in Saudi Arabia. This strategic collaboration follows Ejaro’s outstanding success in the peer-to-peer sector within the region.
Starting in the second quarter of 2024, Ejaro will offer daily motor insurance policies for its hosts. This departure from traditional yearly policies signifies a transformative shift in the insurance landscape of the car-sharing industry, offering unparalleled flexibility and fairness to Ejaro users.
Further, this partnership enables Ejaro users to enjoy daily insurance coverage for their vehicles during the rental period. This innovative product enables users to access convenient and customized insurance coverage designed to match the duration of their rentals, enhancing the overall flexibility and convenience of the peer-to-peer car rental experience.
Mohammed Khashoggi, CEO of Ejaro, said that, “We are thrilled to expand our partnership with Tawuniya to offer this ground-breaking product in the peer-to-peer car rental industry. We believe this product will significantly enhance our services and provide an excellent solution for our hosts and guests within the Ejaro platform.”
Mansour Abo Thnain, CEO of Motor Insurance at Tawuniya, expressed his enthusiasm about the collaboration, saying, “This partnership with Ejaro aligns perfectly with Tawuniya’s commitment to innovation and customer-centric solutions. We are excited to join forces with Ejaro to introduce this revolutionary product, which will elevate the rental experience for customers and set a new standard in the Saudi Arabian insurance market.”
