Cachet And Baloise LU Partner To Enable Turo's Growth in France

Cachet enters the French market alongside Baloise LU, delivering adaptive insurance infrastructure for Turo as the peer-to-peer car-sharing leader accelerates growth across its French operation.

Cachet, the leading InsurTech for new mobility, has partnered with Baloise LU to deliver adaptive insurance for Turo's peer-to-peer car-sharing platform in France. Equipping the market's leading operator with a new risk infrastructure as it scales.

A New Step In Cachet Expansion in Europe

The partnership marks Cachet's entry into the French market — one of Europe's largest shared mobility economies, valued at approximately €4.2 billion and growing at over 13% annually. France becomes Cachet's 11th European market to date.

For Baloise LU, the partnership reinforces its ambition to support innovative business models across the EU, while contributing to the evolution of the insurance landscape in shared mobility. Backing Turo with underwriting capacity and risk expertise as the platform accelerates its next phase of growth.

Hedi Mardisoo, CEO and Co-Founder of Cachet, said:

"Partnering with Turo in France, with the backing of Baloise LU, is a defining moment for Cachet. France is one of Europe's most important shared mobility markets, and entering it as our 11th territory shows the momentum behind adaptive insurance. Our technology doesn't just price risk, it actively controls it, giving platforms like Turo the infrastructure to prevent loss."

A Key Partnership to Enable Turo's Growth in France

Cachet's platform delivers insurance that adapts in real time to usage patterns — combining flexible, trip-level coverage with integrated risk management and loss prevention tools. Paired with Baloise's underwriting strength and carrier-grade capacity, the partnership gives Turo a fully embedded insurance infrastructure built specifically for peer-to-peer car sharing at scale.

Antoine Lacharmoise, Managing Director France at Turo, said:

"Insurance is foundational to the trust that makes peer-to-peer car sharing work. As our business in France accelerates, the adaptive model we've built with Cachet and Baloise LU gives us coverage that evolves with our volume — improving safety outcomes and enabling us to scale with confidence."

David Destappes, Chief Operating and Commercial Officer and member of the Executive Committee at Baloise Luxembourg, said:

"Turo's growth in France represents exactly the kind of platform-scale opportunity where our underwriting capabilities and Cachet's technology create the most value. This partnership extends our commitment to enabling the next generation of mobility and we see a significant runway ahead together with Cachet as shared mobility rapidly expands across Europe."

About Cachet

Cachet is an InsurTech company that designs better insurance for people and companies in the European platform economy. Their technology manages and embeds insurance, aggregates gig work and asset usage data, providing vastly improved insurance cover to both users and platforms. Now active in 11 European markets, Cachet serves leading platform operators across car sharing, micromobility, and gig work. Founded in 2018 by Hedi Mardisoo and Kalle Palling, the company is licensed to operate across Europe.