
The Evolution of Taxi Insurance: Navigating Technology and Industry Shifts
The taxi industry is in the midst of a transformation, driven by technological advancements and changing consumer behaviours. This evolution isn’t limited to how taxis operate—it extends to how they’re insured. As ride-hailing apps, electric vehicles, and telematics reshape the industry, taxi insurance has had to evolve, offering more dynamic, tailored solutions that meet the demands of today’s operators and drivers. The Tech Revolution in Taxi Insurance Technology has redefined the very foundation of the taxi business. Gone are the days when traditional cabs dominated the streets without competition from app-based ride services. Innovations like ride-hailing platforms, telematics, and electric …