Drivemate partners with LMG Insurance to offer car insurance to ensure peace of mind

Automotive Press Releases Thursday September 28, 2017 13:53
Bangkok--28 Sep--LMG Insurance

Drivemate a hot startup car-sharing platform that provide short-term and long-term car rental services which has similar platform as AirBnB. Drivemate partners with LMG Insurance to ensure peace of mind and continues to raise funding from dtac accelerate and 500 TukTuks

Khun Silratth Sukwatthanasiri, CEO and Co-Founder of Drivemate, said, I studies the successful business model in other countries and would replicate it in Thailand. Major problems with car rentals in Thailand are high prices and limited choices. According to the survey study, average cars are in use for only 5 hours and sit idle for 19 hours. Why don't we make value added of those idle cars? Moreover, we put more customer service as the web system is quite new to Thai people for self-service platform. Currently, Drivemate is able to offer variety of over 100 models of cars with 1,000 average rental transactions per month with business expansion.

Dr. Boonsong Sermsrisuwan – SVP Sales and Marketing, LMG Insurance PCL., said, LMG has the Head Quarter in Boston, USA which was rated at rank 75th from Fortune 100 and operate the business in 5 continents worldwide. We are more than ready to fulfill Drivemate startup from the launch of business. LMG Insurance provides first-class car insurance during the rental agreement period because the normal personal use car insurance is not eligible from usage to claim for accident report. Recently, Liberty Mutual Insurance Group (HQ) has announced to invest in Turo which is one of the world largest peer-to-peer car sharing platform. LMG Insurance continues our strong relationship with Drivemate which is first leading of car-sharing in Thailand that can match with the change of people lifestyle in the city as the future business platform in Thailand.

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