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June 19, 2024

MAPFRE partners with Foodpanda for riders’ insurance

Global non-life insurance provider MAPFRE has inked an agreement with Asia’s largest food delivery platform Foodpanda to provide insurance to its delivery riders.

Through the partnership, MAPFRE will equip thousands of Foodpanda motorcycle riders nationwide with Compulsory Third Party Liability (CTPL) insurance.

MAPFRE president and CEO Tirso Abad said the company appreciates the opportunity to lend a helping hand to front liners 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 said.

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.

Aside from CTPL insurance, MAPFRE offers a wide range of comprehensive insurance products including car, home, travel, and business insurances.

For her part, Foodpanda operations director Patricia Jacinto extended her gratitude to MAPFRE for the partnership that protects the essential workforce, especially in these trying times.

“We are truly grateful for this tie-up that benefits thousands of our rider partners. We are hoping this will pave the way for more partnerships that bring peace of mind,” Jacinto said.