Mapfre, Foodpanda ink deal for riders’ insurance

This undated photo courtesy of the Mapfre Insular Insurance Corp. shows Mapfre President Tirso C. Abad and Vice President and Sales Territorial Director Jojie L. Alvarez together with Foodpanda operator Delivery Hero (Philippines) UG (haftungsbeschränkt) & Co. KG Operations Manager Ron Michael Sanders, Operations Director Patricia Jacinto and Senior Head of Logistics and Operations Snehasis Despande attended the signing of a memorandum of agreement in Makati.

MAPFRE Insular Insurance Corp. announced it has inked an agreement with Delivery Hero (Philippines) UG (haftungsbeschränkt) & Co. KG, operator of food-delivery platform foodpanda, to provide the latter’s delivery riders with Compulsory Third Party Liability (CTPL) insurance.

A statement from Mapfre said that through the partnership, the insurer will equip thousands of foodpanda motorcycle riders nationwide with CTPL insurance.

“Mapfre offers one of the most affordable CTPL insurance in the market as it provides protection from liabilities arising from death of or bodily injury to third parties,” the company said.

Delivery Hero (Philippines) Operations Director Patricia Jacinto extended her gratitude to Mapfre for the partnership that protects the essential workforce, especially in these trying times.

“We are hoping this will pave the way for more partnerships that bring peace of mind,” Jacinto was quoted in the statement as saying.

Mapfre President and CEO Tirso Abad, on the other hand, appreciated the opportunity to lend a helping hand to frontliners in the food delivery industry.

“MAPFRE is beyond honored to provide a good number of our modern day heroes with the protection they need, taking care of them and their essentials while they carry out their noble services,” Abad added.


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