Admiral enters taxi market for the first time

Daniel Bevan - Editor

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Admiral, Wales’ only FTSE 100 company, has launched a new taxi insurance proposition aimed at public and private hire drivers across the UK, its first move into the taxi market.

The insurer, which focuses on SMEs, sole traders and contractors, said the move the team’s continued focus on expanding into specialist commercial insurance sectors.

The initial offering will provide single-vehicle taxi insurance, with plans already in place to roll out fleet cover later this year.

The product will be distributed through specialist brokers with experience in the taxi sector, a move the company says will help ensure tailored support and strong customer outcomes.

The proposition will also be backed by a dedicated repair network designed to streamline claims and minimise downtime for drivers.

Edward Hill, Chief Commercial Officer at Admiral Business, said: “This is exactly the kind of opportunity we look for, a real customer need, a clear space to differentiate, and the ability to build with pace.

“Taxi drivers face unique pressures every day and by working with specialist brokers that know the market really well, we’re building an insurance experience that genuinely supports them.

“We’re excited to enter this market and continue growing Admiral Business in areas where we can make a meaningful difference.”