Ryder, REIN Offer Used Truck Embedded Insurance

Ryder trucks on the road. (TT File Photo)

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Ryder System Inc., a supply chain, dedicated transportation and commercial fleet management company, announced it launched insurance services by REIN to Ryder used-vehicle sales customers. REIN offers embedded and digital insurance products.

Embedded insurance is quickly becoming a critical tool in the transportation industry’s evolution into providing bundled services. It allows companies to offer direct-to-customer insurance solutions at the point of transaction, according to Miami-based Ryder.

“Understanding and finding the right truck insurance policy is a common pain point for our customers,” Eugene Tangney, vice president of used vehicles sales at Ryder, said in a release. “Being able to offer a wide array of relevant coverage options through REIN’s embedded insurance offering, alongside other Ryder benefits such as flexible financing, warranty and preventative maintenance, is key in helping our customers achieve their business goals quicker and more easily.”

Insurance Services provided by REIN were made available by Ryder Feb. 1.

Ryder Supply Chain Solutions ranks No. 11 on the Transport Topics Top 100 list of the largest for-hire carriers in North America.

Volvo Financial Services and Liberty Mutual Insurance, among others, are investors in REIN. — Transport Topics

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