Freetrailer signs new strategic insurance agreement with Tryg
Freetrailer enters into a new strategic insurance agreement with Tryg that both improves insurance terms and supports the company's growth strategy across all our markets. This agreement strengthens Freetrailer's position as an innovative sharing economy platform where customers and partners gain value through easy and cost-effective access to rentals of trailers.
With Tryg as one of the strongest insurance partners in the Nordics, Freetrailer can now offer comprehensive excess insurance across all our markets. This solution is tailored to match our ambitions to deliver a safe and positive experience for our end users. The agreement provides customers with protection against unexpected expenses in case of damage, if they opt for the insurance when renting. With Tryg's solid coverage, Freetrailer’s customers can rent a trailer with complete peace of mind, knowing that they are well protected in the event of an accident.
Martin Damm, CFO at Freetrailer, states:
"The agreement with Tryg represents a significant strengthening of our terms and services, while gaining an insurance partner that matches our ambitions to create additional value for customers and partners. Tryg's broad experience in supporting sharing economy services makes them an ideal partner, and this agreement will help us build an even stronger platform solution."
Anders Hess Christoffersen, Partner Manager at Tryg, states:
"Tryg is proud to support an innovative and dynamic company like Freetrailer. With this agreement, we ensure a robust and flexible solution that not only meets Freetrailer's business needs, but also strengthens their position as a leading platform in the market. We look forward to creating strong results together and continuing to develop sharing economy solutions."
The new agreement, which comes into effect on 1 January 2025, also includes 24-hour roadside assistance, ensuring Freetrailer customers have easy access to round-the-clock assistance and a seamless experience at any time.
Contact details:
Tryg
Anders Hess Christoffersen
Partner Manager - Tryg Affinity
E-mail: anders.christoffersen@tryg.dk
Freetrailer Group A/S
Martin Damm
CFO
E-mail: martin.damm@freetrailer.com
About Tryg
Tryg is one of the largest insurance providers in the Nordic region with a wide range of insurance solutions for both private and business customers. With a focus on reliability, innovation and flexible solutions, Tryg creates security for more than three million customers. Tryg is committed to ensuring optimal insurance conditions for innovative companies and supports their development with customised solutions.
About Freetrailer
Freetrailer Group is a Danish technology company whose mission is to make it easy to book and borrow a trailer for free via a sharing economy IT platform.
With a 100% self-service solution via the Freetrailer app and the electronic lock, Freetrailer’s partners and their customers achieve maximum flexibility. Today, the app has over 500,000 active users annually.
Freetrailer is working with a two-part growth plan, where strengthening existing domestic markets is one leg and further internationalisation of the concept is the other.
Facts:
+150 partners
+1,220 pick-up locations
+4,860 trailers
+1,270,000 rentals
Today, Freetrailer Group has a scalable business concept based on an innovative IT platform with global potential. Freetrailer Group A/S was listed on Spotlight Stock Market in 2018.
Ticker code: FREETR
