Roamly has been appointed a Lloyd’s of London Coverholder, granting the digital insurance provider delegated underwriting authority and enabling it to write policies directly on Lloyd’s balance sheet.
The designation marks a significant milestone in Roamly’s strategy to expand its capabilities in the sharing and on-demand mobility sectors across the U.S. and Canada.
The Coverholder appointment places Roamly among a select group of insurance firms globally recognized for meeting Lloyd’s underwriting standards.
With this authority, the company can bring new insurance products to market more efficiently, strengthening its competitive position in specialized sectors such as carsharing and peer-to-peer RV rentals.
“This designation underscores Roamly’s commitment to being actuarially led, delivering low loss ratios paired with best-in-class insurance products and backed by financial strength,” Jeff Cavins, CEO of the Outdoorsy Group, Roamly’s parent company, said in a press release.
Roamly’s appointment comes at a time when the sharing economy is driving demand for niche insurance solutions tailored to dynamic marketplace models. These platforms often involve complex relationships between owners, renters, and operators, requiring flexible and agile insurance coverage.
“More importantly, it’s a critical enabler for the future of shared mobility,” Cavins said. “This appointment positions Roamly to introduce new offerings faster and with greater credibility, expanding our marketplace offerings to partners and providing even greater value to customers.”
Christopher Moore, president of Apollo ibott 1971, supported Roamly’s Coverholder application and noted the company’s strength in addressing risk in emerging markets.
“Since we first met, we were impressed with Roamly’s clear underwriting framework and risk management for specialized vehicles and marketplaces,” Moore said.
Roamly operates in the U.S., Canada, and Europe, serving both consumer and enterprise customers. Its offerings include RV insurance for travelers, as well as insurance infrastructure for digital marketplaces and fleet operators.
For more information about Roamly, visit their website here.