Yogiyo to Increase Ordinary Riders... Applies 'Hourly Motorcycle Delivery Insurance'

Yogiyo Signs Business Agreement with KB Insurance and Smallticket

Park Hae-woong, Vice President of Delivery Hero Korea, Kim Ki-hwan, CEO of KB Insurance, and Kim Jung-eun, CEO of Smallticket, are posing for a commemorative photo after signing a business agreement.

[Asia Economy Reporter Kim Bo-kyung] Delivery application Yogiyo is accelerating preparations related to part-time delivery driver insurance to expand riders to the general public.

Delivery Hero Korea announced on the 8th that Yogiyo, together with KB Insurance and insurtech company Smallticket, signed a business agreement to support safe delivery services for general riders.

The business agreement ceremony was held at the KB Insurance headquarters building located in Gangnam-gu, Seoul, attended by Park Hae-woong, Vice President of Delivery Hero Korea, Kim Ki-hwan, CEO of KB Insurance, and Kim Jeong-eun, CEO of Smallticket.

This agreement was made as the three companies united their intentions to create a safe working environment for part-time delivery riders emerging amid digital platform changes and to expand delivery safety culture.

According to the agreement, Yogiyo plans to make it easy for general riders, who are scheduled to be recruited in the first half of the year, to use the 'part-time two-wheeled vehicle delivery driver insurance' that allows them to be insured only during the time they perform delivery services.

KB Insurance will support the development, operation, and accident handling of insurance products for Yogiyo’s general riders, while Smallticket will be responsible for building a data relay system for insurance subscription and operation.

In particular, for the convenience of general riders, if they are subscribed to KB Insurance’s home-use two-wheeled vehicle insurance, paid transportation insurance will be automatically applied on an hourly basis according to the hours worked, allowing them to use the insurance product.

Park Hae-woong, Vice President of Delivery Hero Korea, said, "We plan to recruit riders for the general public within the first half of this year to improve customers’ ordering experience," adding, "We will continue to strive for the safety of riders."

This content was produced with the assistance of AI translation services.