Ryder and REIN to provide embedded truck insurance products

Ryder, provider of supply chain and commercial fleet management solutions, has partnered with InsurTech REIN to launch an embedded insurance programme for used truck customers.

The partnership will allow REIN to provide its new insurance coverage offering directly to used vehicle sales on Ryder to give added convenience at the point of truck purchase.

Ryder System is a leading logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including full-service leasing, rental, and maintenance, used vehicle sales, professional drivers, transportation services, freight brokerage, warehousing and distribution, e-commerce fulfilment, and last mile delivery services.

REIN is a technology company that transforms carriers’ insurance products into digital offerings available on the Insurance Exchange (IX) and direct to select companies.

Eugene Tangney, vice president of used vehicles sales at Ryder, said, “Teaming up with REIN to provide these new insurance offerings supports our priority to enhance the customer experience on all fronts – from buying a used vehicle off the lot to insuring it on the road.

“Understanding and finding the right truck insurance policy is a common pain point for our customers. Being able to offer a wide array of relevant coverage options through REIN’s embedded insurance offering, alongside other Ryder benefits such as flexible financing, warranty, and preventative maintenance, is key in helping our customers achieve their business goals quicker and more easily.”

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