Based on this scenario, Argo Seguros – the largest bicycle insurance company in Brazil – estimates growth of up to 40% in insurance sales.
“As we are specialized in this segment, we were able to format new products such as Bike Mulher, specially created for cyclists, in addition to agreements with bicycle manufacturers and stores, for example,” says Vanessa Oliveira, Head of Consumer Lines. “So we are already feeling the effects of this demand, which should increase in the second half.”
Argo Seguros to develop new bicycle insurance product
The insurance company, which offers protection for a wide range of bicycles – from the simplest to those with high added value modifications to electric bikes – will soon launch a solution for the most basic models with values below $350.
The idea is to offer a product to serve the public that today is opting for the bicycle as a form of transportation and would like to have protection against theft, accidents and damage against third parties.