Press kit

The Data Gap Costing Operators Every Quarter

Fleet insurance has long operated on a lag. Premiums set a year in advance. Claims reviewed after the damage is done. Adjustments made annually once the loss ratio tips past a threshold no one saw coming.

For mobility operators, that lag is expensive. Insurance sits as the second-largest line item on most P&Ls, and yet the pricing model behind it rarely reflects what is actually happening across a fleet in real time. Operators absorb the cost of inaccuracy: in over-priced premiums, in under-coverage, and in claims that could have been prevented.

The industry is shifting. Risk prediction is moving from a back-office concern into the core of operations design. And the operators who understand this shift early are already building structural cost advantages over those who do not.

What Changes When Risk Becomes Predictive

Traditionally insurance looks backwards. It uses historical claims data to price future risk. This model that made sense when data was scarce, but one that struggles in the dynamic environment of shared use-age and flexible fleets.

Risk prediction inverts this logic. It draws on behaviour patterns, asset usage frequency and route risk profiles to anticipate where claims are likely to emerge before they do. For fleet operators running hundreds of vehicles across multiple markets, this changes the operational calculus entirely.

The impact is concrete. Predictive risk scoring allows insurers and operators to identify high-risk assets early, enabling targeted interventions rather than blanket premium increases. Proactive risk control becomes achievable. Claims frequency drops. And the data that once sat siloed in fleet management spreadsheets becomes the foundation of a smarter, fairer pricing model.

For operations and insurance managers under constant pressure to reduce spend, this shift how risk is controlled meaningfully.

How Cachet’s Loss Prevent Toolkit Enables Risk Control

Knowing risk is coming is only useful if you can act on it. This is where the right insurance partner, who blends service and technology into a integrated risk solution makes all the difference.

Cachet’s platform connects fleet data, usage patterns and claims history into a single risk intelligence layer. Operators gain better visibility into their loss ratio trends, claim spread across assets, and early warning signals that flag risk concentrations before they become claims. Adaptive insurance pricing then calibrates coverage and premiums to match the actual risk profile of the fleet, not a market average.

For digital platforms looking to keep above water as they scale their operations, this means moving from reactive claims processing to proactive control over risk factors. Operators receive actionable recommendations based on individual driving profiles and asset-level feedback, giving them the intelligence to make the right decisions before risk materialises into a claim. And insurance data that used to arrive as a quarterly surprise becomes an operational input, reviewed and acted upon in real time through the Claims Control Centre.

This is loss prevention built into the fabric of your insurance set-up, not as a feature add-on or after-thought.

Operators Who Act Now Will Define the Next Cost Baseline

The economics of platform mobility are unforgiving. Margins are thin, regulatory pressure is rising and the cost of fleet insurance only moves in one direction without active intervention.

Risk prediction gives operators a mechanism to break that pattern. Platforms already using Cachet’s adaptive insurance infrastructure are reducing their claims costs through data-driven risk control, building the kind of operational intelligence that compound over time. Each incident prevented, each high-risk asset flagged early, each premium re-calibrated to real usage and benefit from proactive risk control during the policy period. They are permanent improvements to the cost base.

For CEOs, operations leads and insurance managers who need to show ROI and drive profitability, the question is not whether risk prediction will reshape insurance for their sector. It already is. The question is whether they want to lead that shift or catch up to it.

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.

Europe’s Streets Are Being Rewired

The numbers tell a clear story. Europe’s micromobility market is projected to exceed €16.5 billion by 2030, driven by sustainability goals, efforts to ease congestion in city centres, and a generation of commuters who have stopped thinking of the car as a default. Shared mobility becomes an embedded urban transport infrastructure from Helsinki to Lisbon

But growth at this scale exposes a structural tension that every serious operator understands. The vehicles are there. The demand is there. What hasn’t kept pace is the operational backbone, and nowhere is that gap more visible than in insurance.

What Rapid Expansion Actually Costs

For fleet operators, the economics of micromobility in Europe are shifting. Adding 500 bikes or e-scooters to a new city is an inherent problem of the market. Traditional insurance models — built on static annual policies and manual fleet declarations — were never designed for assets that move, depreciate, and redeploy at the pace shared mobility demands.

The result is predictable: overpayment on inactive assets, coverage gaps during re-fleeting, and claims processes that drag weeks beyond the incident itself. For operators managing fleets across multiple European markets, each with its own regulatory requirements, the administrative load compounds fast.

This isn’t a minor inefficiency. For most micromobility operators, insurance is the second line on the P&L after vehicle acquisition. Mismanaging it limits how fast and how confidently an operator can scale.

The Operators Pulling Ahead Are Building Smarter Infrastructure

The most competitive operators in European shared mobility have recognised that insurance is a lever. Those integrating adaptive insurance into their operations are gaining advantages that compound over time.

Adaptive insurance connects fleet data directly to coverage decisions. Vehicles are insured when active, not when a policy document says they should be. Claims feed back into risk models in real time. Pricing reflects actual usage patterns rather than broad actuarial assumptions about an asset class insurers still largely misunderstand.

For operators scaling across borders, this matters even more. A micromobility platform expanding from Germany into Poland or Spain doesn’t need a new insurance relationship in each market — it needs a platform built to handle that complexity natively. Along with a partner with the service expertise of supporting scaling digital platforms. The right insurance infrastructure becomes a growth enabler, not a growth bottleneck.

Cachet’s adaptive insurance platform is designed precisely for this reality. It connects fleet data, usage, and insurance policy management in a single environment — giving operators visibility and control over what is typically their least-understood cost centre. Whether managing bike fleets in Amsterdam or e-scooter corridors in Madrid, operators get coverage that scales with them rather than against them.

The Operators Who Move First Set the Standard

The micromobility market in Europe is entering a consolidation phase. Smaller operators without the infrastructure to compete on cost efficiency will exit. Those with data-connected operations — where every fleet decision, every claim, every risk signal is captured and acted on — will be the ones left standing, and expanding.

Insurance has historically been where operators lose control. It doesn’t have to be. Partners like Bolt, Voi, and leading car-sharing platforms across Europe have already demonstrated what is possible when adaptive insurance is built into the operating model from the start: lower loss ratios, faster claims resolution, and premiums that reflect performance rather than assumptions.

The infrastructure to operate smarter shared mobility already exists. The question is whether your operation is built to take advantage of it.