Monday 23 September 2024 - Company news

Tredder Streamlines Off-Grid Adventure Insurance in Groundbreaking Partnership

Innovative Program Management Relationship with Tokio Marine HCC Launches Unique Supplemental Insurance Product

 Houston, TX - (September 23, 2024) - Tredder, a trailblazing insurtech company, today announced a first-of-its-kind Program Manager partnership with Tokio Marine HCC (“TMHCC”). This collaboration introduces a stand-alone supplemental insurance product tailored for the vehicle-based adventure community, positioning Tredder to lead the specialty adventure vehicle market. Diligent. Sincere. Human

The newly launched offering provides coverage for extensive vehicle modifications, campers, trailers, and personal effects in all 50 states - a unique product not found anywhere else in the market. Leveraging technology, Tredder can provide policies in minutes, simplifying the insurance process for adventure enthusiasts.

Key features of the new insurance product include:

  • Online Issuance: Customers can secure coverage in minutes.
  • Comprehensive Protection: Covers upgrades, campers, trailers, and personal effects.
  • Tailored for the Adventurer: Designed for the nuances of adventure travel and living.

David de Jesus, CEO of Tredder, expressed his excitement: "Our partnership with Tokio Marine HCC marks a pivotal moment in adventure insurance. We're not just filling a gap; we're creating a new standard for protecting the passion and investments of the overlanding community."

The launch is a result of the successful efforts of Tokio Marine’s Enhanced Product Innovation Collaboration (“EPIC”) team, a partnership between TMHCC and Tokio Marine Kiln. Chris Skarinka, President of the Public Risk Group and EPIC at TMHCC, commented: "Tredder's vision aligns perfectly with our commitment to innovation and deep expertise in niche, specialty markets. This collaboration allows us to tap into a growing market with a team and product that truly understands and serves the adventure community's unique needs."

With this launch, Tredder is set to lead the adventure market, offering peace of mind to explorers and off-grid enthusiasts across the nation. The company's unique understanding of the adventure lifestyle, combined with its technological prowess, industry partnerships and insurance expertise, creates a powerful foundation for growth and market leadership.

This coverage is being offered by a non-admitted insurer who is not licensed with state insurance departments. The insurer is not subject to the same regulations as an admitted insurance carrier including financial solvency regulations or enforcement. The carrier may not be subject to certain State Guaranty Fund or Association requirements.

About Tredder: Tredder is an insurtech company dedicated to revolutionizing the adventure and off-grid insurance landscape. By leveraging technology and deep industry expertise, Tredder provides tailored insurance solutions that address the unique needs of adventure enthusiasts. With a commitment to rapid, user-friendly policy issuance and comprehensive coverage, Tredder is setting new standards in protecting the passions and investments of the off-grid community. Address: 2943 Parkway Blvd, Unit 278, West Valley City, UT 84119, United States, CA License number: #6013467.

For more information about Tredder and its innovative insurance solutions, visit www.tredder.com.

About Tokio Marine HCC: Tokio Marine HCC is a member of the Tokio Marine Group, a premier global company founded in 1879 with a market capitalization of $73 billion as of June 30, 2024. Headquartered in Houston, Texas, Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Continental Europe. Tokio Marine HCC’s major domestic insurance companies have financial strength ratings of ‘A+’ (Strong) from S&P Global Ratings, ‘A++’ (Superior) from AM Best, and ‘AA-’ (Very Strong) from Fitch Ratings; its major international insurance companies have financial strength ratings of ‘A+’ (Strong) from S&P Global Ratings. Tokio Marine HCC is the marketing name used to describe the affiliated companies under the common ownership of HCC Insurance Holdings, Inc., a Delaware-incorporated insurance holding company. For more information about Tokio Marine HCC, please visit www.tokiomarinehcc.com.